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Hot Property: Kraus-Anderson headquarters redevelopment in downtown Minneapolis

For the Minnesota Star Tribune

May 26, 2016 at 10:20PM

(The Minnesota Star Tribune)

Address: 525 S. 8th St., Minneapolis

Type: Mixed-use

Office building size: 103,000 square feet

Apartment units: 307

Hotel rooms: 158

Developer: Kraus-Anderson Realty

Architects: ESG Architects, Pope Architects

Details: Work is underway for Kraus-Anderson's redevelopment of its longtime downtown Minneapolis headquarters block. It will have a five-story corporate office building, 17-story apartment tower and a 158-room boutique hotel situated next to a brewery owned and operated by nonprofit craft brewer Finnegans Brew Co.

Included in the brewery building is a 13,000-square-foot event center and 12,000 square feet of office space for its "FINNovation Lab" business incubator. The "brewtel" element, called Finnegan House, combines the rapidly growing trends of the craft beer movement, collaborative work spaces, social entrepreneurship and experiential overnight accommodations. Finnegans, which has committed to donating 100 percent of its profits to charities for the working poor, will use the event space to "engage the neighborhood and the greater community," while the business incubator is meant to be "a hub for those passionate about social innovation, creativity and collaboration."

The brewtel complex is slated for the corner of S. 9th Street and 5th Avenue S. The hotel portion will be eight stories tall and the brewery five stories, with a connection provided by a two-story glass atrium.