Kraus-Anderson Completes Construction of $100M Ironclad Project in Minneapolis
MINNEAPOLIS — Kraus-Anderson has completed construction of 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 Kharbanda Management, the 418,864-square-foot project includes residential, hospitality and retail space within the East Town district and the Downtown East neighborhood. Designed by Minneapolis-based Collage Architects, the project features a 14-story, 172-unit apartment building and an eight-story Moxy-branded hotel. Managed by Graves Hospitality Corp., the 140-room Moxy hotel is part of a new hotel franchise by Marriott Hotels. Moxy is a boutique concept focused on millennials, combining both style and affordability.
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 Chicago, Milwaukee and St. Paul railways used the grain mill 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.