Going vertical: CIRI launches plans for new real estate investment

2013-08-01 15.20.46It’s a name you will hear frequently in the coming years – the Fireweed Business Center. Starting fall 2013, CIRI will begin site preparation work on the 8.35-acre lot that once was home to the Fireweed Theater in Anchorage. The Fireweed Business Center will become Anchorage’s newest upscale office campus with construction set to begin on the eight-story building next spring.
Once finished, the building, at the intersection of Fireweed Lane and the New Seward Highway, will become CIRI’s new corporate office. CIRI also plans to lease more than half of the space in the building to generate income. “We are very excited about this project,” said CIRI President and CEO Sophie Minich. “Foremost, we want this building to be a good investment, but we also want a unique design that reflects the values and culture of CIRI shareholders. It is going to be magnificent and I think, once completed, all of us – our shareholders, employees and our community – will be very proud of this development.”
CIRI Land Development Company (CLDC) is managing the project and has partnered with RIM Architects to design the structure. RIM First People President Michael Fredericks facilitated interviews with numerous shareholders to help guide the design team. A scholarship recipient of The CIRI Foundation herself, Fredericks said she is excited about the progress.
“The shareholders we interviewed echoed some common values – connection to the land, sustainability and cultural diversity,” Fredericks said. “These are the themes we are striving to incorporate in the design so the building itself helps to tell CIRI’s story.”
The Class A building will be approximately 110,000-square-feet, with 60,000-square-feet available for lease. CLDC is actively marketing the building for prospective tenants. To learn more, visit www.fireweedcenter.com.
View the Fireweed Business Center video developed by CIRI’s corporate communications department online at www.fireweedcenter.com.