Chad Weinstein, who consults on leadership and ethics with public safety departments and businesses, enjoys Grain Exchange barber Bob Haddow.
"As a generally bald person, my hair is not a big challenge," said Weinstein, who visited Haddow's downtown Minneapolis shop for the last time this week. "I've been coming back since 2015 for the quality of the conversation. I mean, I walked into an eclectic place and started having interesting discussions with this guy who's an art historian, who's written books for the Smithsonian Institute."
Haddow, 66, an employee or owner of the shop since 2011, will cut his last hair on Friday. He couldn't come to terms on a new short-term lease until the owner plans to refresh the historic lobby.
"This has become a tough place to be a barber," Haddow said. "You need a [key card] to get into the building. The skyway is closed, and there's only one open entrance to the building."
His business has yet to recover from the COVID-19 economic disruption and the new hybrid model of many office workers returning downtown only part time, if at all.
The historic Grain Exchange building is owned by Princeton, N.J.-based Miami International Holdings, owner of several electronic exchanges. Miami International, which has an offering before securities regulators to become a public company, acquired the Grain Exchange for an unspecified sum in 2020.
The two-building complex, connected by a skyway at 4th Street and S. 4th Avenue, includes the 16,000-square-foot former trading floor that is now occupied by Fueled Collective. The shared office space sits where traders from the likes of Pillsbury, Cargill and International Multifoods vociferously once made markets in myriad grains, including the Minneapolis-exchange prized Hard Red Spring Wheat market.
The members of the exchange owned the building cooperatively.