ANCHORAGE | Block 41 | FT | 15 FLOORS

[Altoic]

Block 41 Redevelopment to Mix Old and New Façades
https://www.akbizmag.com/industry/re...d-new-facades/

Most of the property on Block 41, the name of the block between 4th and 5th Avenues and F and G Streets, is owned by Peach Holdings, led by brothers Derrick and Terence Chang. Redevelopment plans have been in the works for more than a decade, but now Peach Holdings has secured demolition permits from the Municipality of Anchorage for most of the addresses on the block, including the vacant 4th Avenue Theater.
The Block 41 project will consist of Class A commercial office space, a hotel, retail, housing, parking, and entertainment venues in the heart of downtown.

The announced project cost is $200 million. That price tag compares to approximately $35 million for 601 West 5th Avenue, which anchors one corner of the block, or the $40 million to build 188 Northern Lights in Midtown from scratch in 2008.

The developers expect to begin preliminary demolition and construction this summer, starting on the 4th Avenue side. Multiple buildings on the block will be fully demolished and replaced by new structures built in their place.

The new tower is on the left. I'm a bit unsure of the floor count since there's no official count but I counted about 15 floors.

[MolsonExport]

Anchored down in Anchorage.


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