The old home of the Fireweed Theater -- one of the most visible spots in Anchorage -- will give rise to an eight-story office tower in what will become the Fireweed Business Center, Cook Inlet Region Inc. announced on Wednesday.
To be built on the vacant lot at the corner of Fireweed Lane and the New Seward Highway, the building will serve as a corporate headquarters for CIRI, the Alaska Native corporation for the Southcentral region, as well as commercial office space to be leased.
“CIRI envisions a campus of upscale office buildings at the Fireweed Business Center,” said CIRI chief executive Sophie Minich. “At a time when the Anchorage commercial real estate market is tight, CIRI is prepared to meet the demand with a project that will be as iconic for the community as it is for our company.”
Site preparation for the 110,000-square-foot building began this week with construction set to begin next spring and completion planned for the following winter.
"CIRI Land Development Company is working with potential tenants on pre-lease options and the ability to incorporate their input into the building’s design," the release said.
Companies involved in the project include RIM Architects and Davis Constructors & Engineers, Inc. CIRI shareholders and employees are providing input to make sure Native cultural values -- such as sustainability --- are part of the design.
“We’re really striving to develop a project that not only offers businesses the accommodations they need to be successful, but one that displays the pride we have in our region, the strength of its people and the values that have sustained us for thousands of years,” Minich said.
Contact Alex DeMarban at alex(at)alaskadispatch.com