The Ironclad mixed-use project, which includes a Marriott Moxy hotel on Washington Avenue near U.S. Bank Stadium, was given the green light by the city of Minneapolis this week.

On Tuesday, the Minneapolis planning commission approved the site plan and conditional use permit to allow for the complex. Minneapolis developer Graves Hospitality wants to redevelop the current parking lot on Chicago and Washington avenues into a few buildings.

A 148-room, eight-story hotel would include two levels of underground parking. A 171-room, 14-story apartment building will have retail space on the first floor. During a second phase, four additional stories are scheduled to be added above a two-level parking structure for 20 townhomes. Offices that had first been proposed for the development have been scrapped. There will be about 390 parking stalls in the entire project.

The name “Ironclad” refers to an iron-reinforced grain elevator that used to be on the site at the intersection of Washington and Chicago avenues.

Construction is expected to begin in the spring, said Josh Jansen of St. Paul-based Collage Architects.

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