• Forecast
  • News Tip
  • Categories
Temperature Precipitation
Estimated read time
2m 36s

Retail, business developments break ground across Anchorage

By Kirsten Swann 12:02 AM October 10, 2013

South Anchorage to see new outlet stores, commercial construction

ANCHORAGE – A series of new retail developments and office buildings are changing Anchorage’s commercial landscape.

In South Anchorage, developers are looking to transform a vacant tract into “The Outlets of Alaska,” a major outlet store center at the corner of C Street and 100th Avenue. The center is scheduled to open in 2015, just across the street from national retailer Target and Cabela’s.

“It’s been kind of raveling together for the last couple of years,” said Brandon Spoerhase, a real estate broker with Jack White Commercial in Anchorage. “I think the reason it finally came together is they were able to make a price. It’s got significant wetland challenges out here, so we had to get the price per foot down to something that was economical.”

The land for the outlet center abuts another large tract of commercial real estate owned by CIRI, whose land development company (CLDC) has made big changes to the Anchorage landscape over recent years. Construction still continues at Tikahtnu Commons, the East Anchorage shopping and entertainment center CIRI began building in 2007 with California-based Browman Development Co.

“That project is actually running ahead of schedule, which is remarkable considering the downturn we saw in the national economy in 2008,” said Sophie Minich, CIRI’s president and CEO.

This week, she said her corporation is preparing to break ground at another major development project. Located on the empty midtown lot where the iconic Fireweed Theater once stood, Minich said the 110,000-square-foot Fireweed Business Center would fill a growing demand for A1 office space in Anchorage. Construction is scheduled for completion in late 2014, and Minich said the complex will house CIRI’s headquarters as well as other local businesses.

“It is envisioned that that won’t be the only building on the site, that someday we’d have some smaller office buildings on it,” she said. “We’d just turn it in to, really, like a business center.”

Minich said the corporation doesn’t plan to embark on any more Tikahtnu-sized retail projects anytime soon, but CLDC continues to develop a 22 acre office and retail space at a South Anchorage site dubbed 11000 C Street. Some of the first construction at that site became the new headquarters of Doyon Ltd. in 2011, and final plans call for five buildings and 144,000 square feet of office and retail space.

It’s part of continued commercial growth along a corridor that remained virtually undeveloped ten years ago.

Today, Spoerhase said large, undeveloped tracks of commercial real estate like those found along the C Street corridor are becoming a rare commodity. He said it could point to a new trend in Anchorage commercial development.

“I think what you’re really going to see is along major arterials, some of the older buildings won’t be able to support the property taxes,” Spoerhase said.

It could mean redevelopment of existing commercial properties along major roadways, like the Mall at Sears or the Northway Mall.

Whether it’s office buildings, shopping centers or new businesses in old buildings, he said Anchorage continues to break ground.

(Editor’s note: This story initially incorrectly reported CIRI sold the land to the developer of the outlet mall.)

Latest Stories

  • News

    Native art fair draws crowds to Dena’ina Center

    by Lauren Maxwell on Oct 23, 22:27

    The Alaska Federation of Natives convention brings Alaska Native leaders from around the state, but it also brings crafters and artisans. For many people, the Alaska Native Customary Art Fair is one of their favorite parts of the AFN convention. This year, the selection is better than ever. Hundreds of booths line the first floor […]

  • Weather

    Evening News weather, Oct. 23

    by Carlos Faura on Oct 23, 22:22

    Kenai Peninsula – There will be isolated rain and snow on the Kenai with scattered showers from Anchorage north. Southeast - Expect rain to the south and a shower or two for the northern areas, with snow at pass levels. Interior & North Slope – It will be mostly dry with a flurry or two, […]

  • News

    Totem pole artist carves out a piece of history

    by Heather Hintze on Oct 23, 21:28

    A totem pole isn’t just a work of art for Tommy Joseph; it’s carving out a little piece of history. “That’s what a totem pole is all about is I’m telling someone’s story,” he said. “Everyone has a story.” On a warm morning in Sitka, he methodically chips away at a 10-foot cedar pole. He […]

  • Politics

    Show Me the Money: Marijuana Legalization

    by KTVA CBS 11 News on Oct 23, 21:00

      Show Me the Money: Alaska’s Fiscal Future Four issues that could change the fortunes of Alaska… Four issues that have divided us… Four issues that will unite us as we go to the polls Nov. 4th… How can you prosper in the ever-changing landscape of living life in the 49th state?   Oct. 9 @ 9 […]

  • News

    Investigators focus on pilot error in deadly 2013 plane crash

    by Dave Leval on Oct 23, 20:22

    It’s been more than a year since two people died in a plane crash at Merrill Field. Rob Lilly and his girlfriend, Jessi Nelsen, died when they tried to land after taking off from Wasilla Aug. 24, 2013. The second phase of a federal investigation into the crash found no mechanical errors with the plane. […]

  • News

    Feds to bring indoor plumbing to Alaska village

    by Associated Press on Oct 23, 15:49

    A remote Alaska village where only half the homes have indoor plumbing is among rural communities nationwide to receive a share of more than $352 million in grants and loans for upgrades to rural water and wastewater systems. Agriculture Secretary Tom Vilsack announced Alaska’s $12.6 million share of the funding from the U.S. Department of […]

  • News

    Governor signs bill to recognize Native languages

    by Lauren Maxwell on Oct 23, 15:39

    The number of official languages in the State of Alaska has gone from one to 21 with a single stroke of a pen. Gov. Sean Parnell signed HB216 in front of a cheering crowd at the Alaska Federation of Natives convention Thursday morning. The bill recognizes 20 Native languages, and adds them to English as […]

  • Crime

    Police: Pit bull death ‘extreme’ animal cruelty

    by KTVA CBS 11 News on Oct 23, 15:17

    Police are asking for help investigating the death of a dog found hanging from a tree near the University of Alaska Anchorage earlier this month. A man walking in the woods near East 20th Avenue and Rosemary Street made the gruesome discovery Oct. 10, according to a Thursday afternoon statement from the Anchorage Police Department. […]