Minneapolis Grain Exchange in store for major overhaul

Details of the project were made public on a City Council committee agenda item for a Met Council grant of $2.7 million for asbestos and lead paint abatement.

• Sherman did not respond to a request for comment.

Zoom in: The three-building Grain Exchange complex near City Hall dates back to 1903 and is one of the first steel structures in the city.

• The main building has a large floor that for a century was used for trading wheat and grain futures. Once the exchange went digital, it was turned into one of the city's first modern coworking spaces — CoCo — in 2012.

What we're watching: More details will be made public once Sherman submits an application to the planning commission.

• That would include what will happen to CoCo and where a planned event space will go.
• CoCo CEO Colleen Moselle told Axios that until Sherman is done with its due diligence, her company won't have a full picture of the plans.