Gregg Steinhafel house (Orono, Minnesota)

USA / Minnesota / Minnetonka Beach / Orono, Minnesota / North Shore Drive, 2265
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2265 North Shore Dr, Orono, MN 55391
(also includes the former 2385 and 2285 North Shore Dr)

The home of Gregg Steinhafel, former CEO of Target Corporation. He started with Target in 1979 as a merchandising trainee and worked his way up to becoming president in 1999 and CEO in 2008. In 2008, his first year as CEO, Steinhafel's annual compensation was $13,300,000; last year that number inched up to $13,500,000; and in 2010 it nearly doubled to $24,000,000. His base pay is actually $1.5 million, Steinhafel's salary came mostly in a pension plan bonus, an incentive bonus and $11.2 million in stock options. He was ousted in 2014 after the failure of Target's Canadian foray as well as other issues with cyber security.

This irregular shaped property includes several properties and several buildings other than the main house; listed at 6 bedroom, 5 bath house covering 7800 sq. ft.

The combined property is 60.55 acres. The main property, 2265 North Shore (28.95 acres) last sold in December 2003 for $7,500,000. The vacant land property at 2285 North Shore (20.18 acres) last sold in December 2003 for $4,000,000 and makes up the eastern section of the property. The vacant land property at 2385 North Shore (11.42 acres) last sold in May 2007 for $1,800,000 and is the northwest rectangle (the house on the property was subsequently demolished).

SOURCES:
Add'l property info:
www.zillow.com/homedetails/2265-Northshore-Dr-Wayzata-M...
www.zillow.com/homedetails/2385-Northshore-Dr-Wayzata-M...

Property line/sizes:
gis.co.hennepin.mn.us/HCPropertyMap/Locator.aspx?PID=10...
gis.co.hennepin.mn.us/HCPropertyMap/Locator.aspx?PID=10...
gis.co.hennepin.mn.us/HCPropertyMap/Locator.aspx?PID=10...
www.edinarealty.com/
docs.ci.orono.mn.us/MapsforCity/CMPPART3BMap3B8Zoning20...

Property owner:
www16.co.hennepin.mn.us/pins/pidresult.jsp?pid=10117233...
www16.co.hennepin.mn.us/pins/pidresult.jsp?pid=10117233...
www16.co.hennepin.mn.us/pins/pidresult.jsp?pid=10117233...
Owner info:
people.forbes.com/profile/gregg-w-steinhafel/76638
www.startribune.com/business/111291259.html
blogs.citypages.com/blotter/2011/07/target_ceo_gregg_st...
www.bizjournals.com/twincities/news/2011/04/28/target-c...
www.kellogg.northwestern.edu/kwo/sum07/features/steinha...
Nearby cities:
Coordinates:   44°56'59"N   93°34'49"W
  •  7.9 km
  •  15 km
  •  17 km
  •  23 km
  •  24 km
  •  30 km
  •  33 km
  •  39 km
  •  45 km
  •  198 km
This article was last modified 9 years ago