Graves Hospitality has proposed plans for a future development on the current site that will necessitate the immediate closing of Bradstreet Craftshouse in Minneapolis.
The restuarant opened in 2009 in the downtown Minneapolis Graves 601 Hotel. In 2014, Graves Hospitality sold the hotel and the Bradstreet concept was moved to the Lowry Hill neighborhood of Minneapolis. It opened again in 2015. In approximately 14 months, Bradstreet will open within the InterContinental Hotel, which will be directly connected by skyway to Terminal One of the Minneapolis-St. Paul Airport.
“The current Bradstreet property, located between Hennepin and Colfax Avenues in Lowry Hill, had originally been purchased with a future housing and retail development in mind,” says Jim Graves, chairman of Graves Hospitality and CEO. “Recent changes to the Lowry Hill strategic development overlay hastened the desirability to bring that phase to fruition. The new neighborhood criteria changes along the Hennepin corridor enable project opportunities that take advantage of the highest and best use of the space.”
The future development at 1930 Hennepin marks the third Graves Hospitality project currently under development in the Uptown area.
“With over three-hundred million dollars of projects under construction and in development, both locally and otherwise, we owe it to ourselves, our investors and our partners to stay laser-focused on our core competencies of Hotel and Residential Development and Management,” says Benjamin Graves, president and COO of Graves Hospitality. “However, Bradstreet Craftshouse remains near and dear to our hearts. We owe a great debt of gratitude to each and every person on our team and to all the amazingly loyal patrons who have made this labor of love a reality and kept the brand strong enough for yet another future revitalization.”
