This building was completed in 1918 and is regarded as the last word in modern office building construction. It is twelve stories high. The exterior is of granite, terra-cotta and brick and the interior is finished in marble and mahogany. All the floors throughout are of terrazzo. The entrance lobby is especially beautiful, being finished in Italian marble and solid bronze.
The ground floor is arranged for an extensive exhibit of building materials. On the second floor are the club rooms, general offices and estimating rooms of the Builders Exchange. On this floor can be found copies of plans of all important buildings being erected in the Northwest. The remainder of the building is leased to tenants engaged in building lines.
Hudson’s dictionary of Minneapolis and Vicinity- 1918
The Builders Exchange was imploded to make way for the Capella Tower (First Bank Place) in November of 1985.