• 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

    ANSEP aims to excite students about STEM

    by Makayla Clark on Jun 23, 18:31

    Anchorage students put their designs to the test Friday. They hooked a suspended box onto bridges they designed and built out of balsa wood and glue. They then put metal balls into the boxes until the bridges snapped. “This is a very good opportunity to learn,” Jason Kyle, a student at the academy, said. “I […]

  • Man accused in 7-car hit-and-run charged with DWI

    by KTVA Web Staff on Jun 23, 17:20

    One man has a laundry list of charges after a hit-and-run on June 9 near the inbound intersection of the Glenn Highway and Airport Heights Drive. Jake Sundog Rotzler-Martus, 31, is charged with first- and third-degree assault, DWI, reckless driving and leaving the scene of an accident, according to charging documents. On June 9, a […]

  • Politics

    Alaska lawmakers headed home, but session isn’t over yet

    by Liz Raines on Jun 23, 16:50

    Many lawmakers are headed home after passing a budget late Thursday night to prevent a government shutdown next week. But the final gavel hasn’t fallen yet. If lawmakers felt a sense of accomplishment after finally passing a budget, the satisfaction was short-lived. Less than two hours later, Gov. Bill Walker added a new issue to […]

  • News

    Budget cuts threaten rollout of earthquake early warning system

    by CBS News on Jun 23, 16:32

    In an earthquake, having the latest information could be key to survival. At the “quake cottage” in Burbank, California, scientists are working to warn people before earthquakes hit. The facility is home to a state-of-the-art quake simulator where you know exactly when the shaking is going to start. But what if you could get a […]

  • News

    F-16 Thunderbird crashes, flips over at Dayton International Airport

    by CBS News on Jun 23, 16:29

    DAYTON, Ohio — A military plane that was practicing for an air show in heavy fog has crashed at an airport in Ohio, officials said Friday. CBS affiliate WHIO-TV reports an F-16 Thunderbird crashed and overturned shortly before 1 p.m. at the end of a runway at Dayton International Airport. The U.S. Air Force Thunderbirds […]

  • News

    Was Russian hacking of Ukraine’s power grid a test run for U.S. attack?

    by CBS News on Jun 23, 16:27

    In its July cover story, Wired magazine takes an in-depth look at a years-long string of cyberattacks in Ukraine that could have global implications. It has undermined every sector including the media, military, politics and even people’s homes. Andy Greenberg, who reported the story, and Wired editor-in-chief Nicholas Thompson joined “CBS This Morning” to discuss […]

  • News

    White St. Louis police officer shoots off-duty black officer

    by CBS News on Jun 23, 16:24

    A black off-duty St. Louis police officer was shot by a white on-duty police officer from the same department who apparently mistook him for a fleeing suspect, according to a statement from the St. Louis Metropolitan Police Department. At about 10 p.m. Wednesday evening, St. Louis police received a report that a stolen vehicle had […]

  • News

    Teen’s molester moves in next door upon prison release

    by CBS News on Jun 23, 16:19

    CREEK COUNTY, Oklahoma – An Oklahoma family wants to change the state law that allowed the man who molested their daughter years ago to move in next door after getting out of prison, reports CBS affiliate KWTV. “I don’t like feel like I can come home,” says Danyelle Dyer, who is now speaking out about […]