• 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

  • Weather

    Weekend weather forecast

    by KTVA Weather on Jan 24, 18:29

    Many areas across the Anchorage Bowl saw 3 to 5 inches of snow accumulation with this last snowfall. High pressure is already building in from the east, and it will produce lots of sunshine across the area as we head into Sunday. The trade-off will be pure cold weather with many locations barely getting out […]

  • Sports

    South Anchorage football hires Chris Borst, former Dimond head coach

    by KTVA Sports on Jan 24, 15:21

    After spending five seasons as head football coach for Dimond High School, Chris Borst is moving across town to coach alongside John Lewis at South. Citing differences in coaching philosophies, Borst left Dimond at the end of the 2014 football season. Former Lynx strength coach Nick Winkler will take over head-coaching duties at Dimond. This is […]

  • Politics

    Palin for president? Former AK governor ‘seriously interested’ in 2016 bid

    by KTVA CBS 11 News on Jan 24, 14:36

    Sarah Palin is “seriously interested” in running a 2016 campaign for the White House, according to a recent interview with the Washington Post. The former Alaska governor, the GOP’s 2008 nominee for vice president – and current star of the Sportsman Channel’s Amazing America with Sarah Palin — was asked by the Washington Post whether she was considering […]

  • News

    Anchorage man fatally struck by vehicle in Las Vegas area

    by KTVA CBS 11 News on Jan 24, 13:31

    An Anchorage man was struck and killed by a vehicle Thursday evening in the Las Vegas area as he crossed a highway, according to the Nevada Department of Public Safety. According to other local news outlets in the area, the Clark County coroner’s office has identified the man as 57-year-old Aarnout Michael Berry, of Anchorage. At […]

  • News

    Army soldiers at JBER, Fort Wainwright at risk of being cut

    by KTVA CBS 11 News on Jan 24, 12:39

    U.S. Army officials are holding meetings with 30 communities across the country as decisions are being made about where to cut around 120,000 troops by 2017. Alaska’s Joint Base Elmendorf-Richardson and Fort Wainwright are on the list of bases where reductions could be made. Municipality of Anchorage staff are told that it will be up to […]

  • News

    Anchorage police: 58-year-old male found safe

    by KTVA CBS 11 News on Jan 24, 12:35

    UPDATE: Anchorage police say Marion Dale Quint has been located and is safe. Original story The Anchorage Police Department is asking for public help finding a missing 58-year-old man last seen Saturday morning. Marion Dale Quint left his assisted living home on foot around 9 a.m., according to a statement from APD. The assisted living home […]

  • Politics

    Gov. Walker: Not easy to be the messenger

    by Rhonda McBride on Jan 24, 12:04

    Gov. Bill Walker said, for the first time in a long time, he had a good night’s sleep after he delivered his State of the Budget address on Thursday. He said it felt good to get the job done. “It was a critical message to get out to Alaskans,” said Walker. The governor said the […]

  • News

    New report reveals behavioral health crisis in Mat-Su

    by Kate McPherson on Jan 23, 23:18

    Not enough is being done to help Mat-Su Valley residents with mental health and substance abuse problems, according to a new report published by the Mat-Su Health Foundation. The report examined the care Mat-Su residents receive when they are experiencing a behavioral health crisis, brought on by mental health and substance abuse problems. A lack […]