The 48-unit housing development called Block 96 will sit at the corner of 8th Avenue and K Street. It's a first-of-its-kind public-private partnership for the city to make new market-rate housing feasible.
Amid a housing crisis, a new downtown Anchorage development could be a model for public-private partnershipsIn an interview before he took office last year, Mayor Dave Bronson painted an idealistic vision for what downtown Anchorage could look like.
Longtime Anchorage developer Shaun Debenham is working to make that happen this summer with a new 48-unit market rate housing development called Block 96 at the corner of 8th Avenue and K Street. Last year he partnered with the city’s Community Development Authority, which owns the land Block 96 will sit on. The city putinto the $11.
But market rate housing downtown is limited, and new construction is scarce. Only two new multi-family housing projects have gone up in the area in the last few decades. Some developers like Debenham are working to change that, but it requires creative financing solutions and a lot of commitment to seeing the project through.
Other developers have approached the housing crunch with creative solutions. Seth Andersen, an Anchorage structural engineer, last year completed five snug condos in a downtown lot that was originally zoned for a duplex. “If the public has money to put into incentivizing housing, I’d rather see it put into a use that would benefit multiple different housing developers downtown,” Andersen said.
Debenham expects Block 96 will break ground in the next few weeks and be completed by the end of next summer. And developers and housing advocates are waiting to see whether it’s a success — and if it can attract more investment to the area.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Dick Van Dyke looks younger than his 96 years as he shops with 50-year-old wifeDick Van Dyke first met second wife Arlene Silver at the Screen Actors Guild Awards in 2007, when he was presenting his Mary Poppins co-star Julie Andrews with a Lifetime Achievement Award
Leer más »
Wayne Gretzky Game-Worn Oilers Jersey From Stanley Cup Clincher Hits Auction BlockWayne Gretzky's Edmonton Oilers jersey from the 1988 Stanley Cup clincher has hit the auction block -- and could be the most expensive piece of hockey memorabilia ever sold!
Leer más »
End CSS Conflicts With Block Element Modifier | HackerNoon'End CSS Conflicts With Block Element Modifier' by EzeSteve3 html css
Leer más »
Block details expanded Bitcoin efforts at 2022 Investor DayDorsey says Block is building an “ecosystem of ecosystems.” Bitcoin is one such ecosystem into which the firm is pouring resources.
Leer más »
Russia barrels closer to debt default as US prepares to block bond paymentsRussia has so far managed to pay its foreign debt obligations, despite a raft of financial sanctions from the U.S. and its European allies over Moscow's invasion of Ukraine.
Leer más »
Turkey to block Sweden, Finland NATO bids over 'home to terrorists' claimsTurkey doubles down on blocking Sweden and Finland bid to join NATO amid security concerns from Russia.
Leer más »