Alaska (AK)

Anchorage

JCPenney Parking Garage Mixed-Use Development - 6246765

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Published August 14, 2026 at 8:00 PM

Updated August 16, 2026

Description

Demolition, site work, paving and new construction of a mixed-use development in Anchorage, Alaska. Conceptual plans call for the construction of a 300-space parking garage; for site work for a parking garage; for paving for a parking garage; hospitality development; retail development; and restaurant.

The Anchorage Community Development Authority is pursuing preliminary plans to demolish the existing JCPenney parking garage and replace it with a mixed-use development in downtown Anchorage. Early concepts include a new 300-space parking garage, a large hotel with restaurant offerings, and commercial retail space. The project was presented to the Anchorage Assembly Community and Economic Development Committee and is described as moving forward despite plans remaining preliminary.

Details

Stage

Conceptual

Value

$75,000,000.00

Sector

Public - City

Bonds

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United States of America

JCPenney Parking Garage Mixed-Use Development - 6246765

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