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Construction set to begin on major downtown project at former site of 4th Avenue Theatre

ANCHORAGE MUNICIPALITY, ALASKA, JUL 25 – The $300 million Block 41 redevelopment will include over 300 parking spaces and aims to revitalize a key downtown Anchorage block with retail and housing or hotel space.

Business owners say they are eager to see progress after the theater was demolished in 2022, leaving an open pit in the heart of downtown.

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Anchorage Daily News broke the news in Anchorage, United States on Friday, July 25, 2025.
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