Kraus-Anderson completes Ironclad, a $100 million, mixed-use development in Minneapolis’ Historic Mills District
MINNEAPOLIS, Minn. (July 2019) – Kraus-Anderson Construction has completed construction on Ironclad, a new $100 million mixed-use development located at Chicago and Washington Avenues in the historic Mills District near U.S. Bank Stadium in downtown Minneapolis. Owned and developed by Kharabunda Management, the 418,864-square-foot project brings additional housing, hospitality and retail to the East Town district and the Downtown East Neighborhood.
Ironclad was designed by Minneapolis-based Collage Architects and features a 14-story, 172-unit apartment building and an eight-story Moxy branded hotel. The development also includes retail space on the first floor of the hotel and underground parking for 400 cars. The upscale residential apartments feature a swimming pool, hot tubs, private outdoor terraces, sky lounge and a large amenity deck with green space. The property also includes fire pits, bike repair facility, pool table and gaming, and on on-site property manager.
Managed by Graves Hospitality Corporation, the 140-room Moxy Downtown hotel is part of a bold new hotel franchise by Marriott Hotels that combines stylish design, approachable service and an affordable price. With exceptionally efficient, smartly designed rooms and dynamic, engaging public spaces for work and play, Moxy Downtown features all the amenities today’s free-spirited traveler expects, including outdoor terraces, an open-air, glass pavilion and bar. Inside amenities include a fitness room and yoga studio and business lounge. The Moxy Downtown hotel is Graves’ second Moxy property in Minneapolis, joining its first location in Uptown.
Ironclad is situated on the site of the former Union Grain Elevator, which was built in 1867 and was one of the earliest and largest wood grain elevators in Minneapolis. The grain mill was used by the Chicago, Milwaukee and St. Paul Railway as a connection into the rail facilities in the Mill District. The Ironclad name stems from a fire in the historic building that damaged its original wooden elevator, which was rebuilt with an “iron clad” elevator to better protect the structure against future fires.
In 1884, the company built a viaduct to carry depot-bound trains over Washington Avenue near 8th Avenue South. The viaduct was demolished in 1984, but remnants of the stone wall that supported the viaduct remain along Washington and Chicago Avenues. Many of the original large stones are being conserved on the site of the new Ironclad development.
Established in 1897, Kraus-Anderson® Construction Company (www.krausanderson.com) is one of the nation’s premier commercial general contractors and construction managers. Kraus-Anderson, an Equal Opportunity & Affirmative Action employer, is headquartered in Minneapolis, Minn. and has regional offices in Madison, Wis., Bismarck, N.D., and Duluth, Bemidji and Rochester Minn.
About Graves Hospitality
Graves Hospitality (www.graveshospitality.com) is passionate about providing owners, guests and associates with an unparalleled level of development and management expertise. GH offers a comprehensive range of services adeptly tailored to answer the unique needs of independent and branded hotels, resorts and restaurants, as well as residential and commercial projects. Recognized as an industry leader for the past 35 years, GH has developed and managed more than 100 hotels, restaurants, and residential and commercial developments. GH takes great pride in identifying, developing, building and managing projects that create great profits for investors. Currently, GH has nearly $400M of construction under development, including five MOXY Marriott hotels, and Benjamin Graves serves on Marriott’s MOXY Board of Advisors.
About Moxy Hotels
Moxy Hotels is Marriott International’s new millennial-focused brand that debuted in September 2014 with the opening of the Moxy Milan. A boutique-hotel concept for the budget-savvy traveler, Moxy is a fresh and innovative brand combining stylish design and approachable service at an affordable price point. With tech-enabled rooms, vibrant lobby spaces and warm, modern service, Moxy aims to surprise travelers with a thoughtful, spirited and fun guest experience. To learn more about Moxy Hotels, visit www.MoxyHotels.com.
Follow Moxy on Instagram https://instagram.com/moxyhotels/
Watch Moxy on YouTube http://www.youtube.com/MoxyHotels
More information can be found at ironcladmn.com