Baum Development looks to cash out of Green Exchange building in big way

History. The distinctive building now known as Green Exchange was originally constructed in 1913-1914 by the Vassar Swiss Underwear Company for the production of union suits. The building design was a collaboration between architect lawrence gustav hallberg Sr. and his son-in-law Stewart Hodges.

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Industrial Trust CompanyEdit. In 2008, shortly before the Great Recession in the United States, the building was purchased by High Rock Development of Massachusetts for $33.2 million. Bank of America was the building’s sole tenant, and utilized about half the building. Bank of America invested $7 million in a new sprinkler and fire safety system.

Historically, the Grain Exchange was organized in Minneapolis in 1881 to deal with the increasing development and progress of the minnesota grain market. In 1884, the first Grain Exchange building was constructed immediately to the north of the site of the present building.

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Not according to the latest issue of EL Insights, which reports that the U.S. green building market value will balloon from $71.1 billion now to $173 billion by 2015. Commercial green building is expected to grow by 18.1% annually during the same time period from $35.6. billion to $81.8 billion.

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Two Trees said the new zoning would permit it to raise a nearly 200,000-square-foot office building with ground-floor retail space. But the company wants to build a larger structure. In exchange for.