Seattle & Northwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
$30M Makeover to Transform Earthquake-Damaged Alaska Asset into Glacier-Inspired Office
A $30-million renovation of a nine-story downtown Anchorage building damaged in the 2018 earthquake promises to transform a dated property into a sleek, glacier-like office building. Originally constructed in 1972, the Peach Investments, LLC-owned asset at 601 W. 5th Ave. will be reimagined, modernized and expanded.
The building will receive seismic reinforcements and undergo an external transformation that pays homage to Alaska’s natural wonders. The Perkins&Will design includes an additional 40,000-square-foot sloped façade that reconfigures the building to resemble a glacier with new floor-to-ceiling windows, allowing for maximum daylight. The design also places a top priority on site landscape and hardscape improvements for pedestrian traffic.
“We are excited to breathe new life into the former Key Bank Plaza Building, which was one of approximately 750 buildings damaged by the 2018 Anchorage earthquake,” said Perkins&Will’s Erik Mott. “The repositioning will not only provide modern amenities to future tenants but will also serve to revitalize downtown Anchorage.”
For comments, questions or concerns, please contact Dennis Kaiser
