ACDA Announces Block 96 Flats Development
Anchorage Community Development Authority (ACDA) announced a private-public partnership with Debenham Properties to construct Block 96 Flats, a new downtown housing community. The development brings the first 100 percent market rate apartment community to the Park Strip North district of downtown Anchorage in more than forty years.
“Debenham Properties is excited to partner with ACDA to bring downtown living to Anchorage,” says Shaun Debenham owner of Debenham Properties.
Located at the corner of 8th Avenue and K Street, Block 96 Flats will host forty-four units of studio and one bedroom units with rental prices ranging from $1,100 to $1,500 per month. The total cost of the project will be $6.2 million, with ACDA investing $1.8 million for the construction of structured parking. The development will create sixty construction jobs and two full time positions when it is completed.
“Having a vibrant population living downtown means restaurants stay open later, small businesses have more foot traffic, and the streets stay alive after five,” says Andrew Halcro, executive director of ACDA. “Beyond the immediate benefits of Block 96 Flats, we believe ACDA has finally solved the economic equation for getting more new housing built downtown,” he added.
The development will include vaulted ceilings, in floor radiant heat, in-unit washer/dryer, gourmet kitchens, heated garage parking, secure coded entry, roof-top patio, and conveniently located one block from the park strip. Construction is scheduled to begin in May 2021 with completion expected in 2022.
The property is owned by ACDA and was the former home to the K Street Eats food truck pod.