Anchorage Mayor Dave Bronson said he fully supports a major redevelopment project of a downtown block that includes the demolition of the iconic and long-boarded-up 4th Avenue Theatre, saying it will help revitalize the area.
Fourth and G Street is part of the newly announced development proposal by Peach Holdings LLC. The Block 41 development includes new buildings on Fourth and Fifth avenues in downtown Anchorage. This part of the development includes the 4th Avenue Theatre. May 2022. of a downtown block that includes the demolition of the iconic and long-boarded-up 4th Avenue Theatre, saying it will help revitalize the area.
Representatives from Peach Holdings did not speak at the press conference and have declined interviews with the Daily News about the project, but in emails have called the project “a reflection of our continuous belief in downtown Anchorage.”A developer is again planning a major new construction project for a downtown Anchorage block. It includes demolition of the 4th Avenue Theatre.
The plans announced Tuesday are the culmination of a longtime vision by Peach Holdings, which bought the parcel more than a decade ago.
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