Anchorage 5th Avenue Mall

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Anchorage 5th Avenue Mall
5th Avenue Mall, Anchorage.jpg
The roofline of the 5th Avenue Mall as viewed from an adjacent parking garage.
LocationAnchorage, Alaska, United States
Coordinates61°13′02″N 149°53′19″W / 61.21722°N 149.88861°W / 61.21722; -149.88861Coordinates: 61°13′02″N 149°53′19″W / 61.21722°N 149.88861°W / 61.21722; -149.88861
Address320 West 5th Avenue
Opening dateAugust 1, 1987; 31 years ago (1987-08-01)[1]
OwnerSimon Property Group
No. of stores and services81[2]
No. of anchor tenants2
Total retail floor area447,000 square feet (41,500 m2)[3]
No. of floors5
Website5th Avenue Mall

The Anchorage 5th Avenue Mall is an upscale regional shopping mall located in Downtown Anchorage, Alaska, United States. It has four levels with the only JCPenney and Nordstrom stores in Alaska as anchors.[4] The mall also boasts Alaska's only Victoria's Secret, Apple Store, Coach, Banana Republic, Sephora, Lululemon and Michael Kors locations.[2] The Anchorage 5th Avenue Mall was featured in an article published by Insider titled, The best shopping mall in every state, in April of 2018. [5]

The mall is owned by Northwestern Simon Inc. and is administered by the Simon Property Group.


History[edit]

The mall opened in 1987,[6] covering a city block previously occupied mostly by small, two-story commercial buildings and parking lots. The original developers were JCPenney and The Rainier Fund [7]. As the mall opened during an economic slowdown in Alaska, its occupancy rate hovered in the 20 to 30 percent range for most of its early years. It was later sold to Northwestern Simon Inc. in 1994, and it has been operated by Simon Property Group ever since.

Facilities[edit]

Interior[edit]

Two-story skyway above Sixth Avenue connects the mall with Nordstrom.

Compared to other malls in Alaska, The 5th Avenue Mall integrates many more aesthetic designs inside its buildings. Some examples are the sky-lit roof above the main "Arcade", and features galleria-style wide, open spaces. The only other mall in Alaska with similar voluminous multi-floor indoor space is the office building at the Dimond Center. The lower level of the Arcade sometimes hosts small conventions and shopping consortia. The top floor of the Arcade is exclusively a food court. Most of the mall's elevators have glass panels, and are decorated with neon lights. The mall uses skybridges to provide indoor access between buildings and parking, contributing to the streetscapes of 5th and 6th Avenues. The ground floor of the galleria functions as an indoor pedestrian extension of "D" Street.[8]

Parking[edit]

There is significant parking available at the mall, although it is owned and operated by ACDA via EZPark, which is great for people visiting or working in Downtown. The 5th Avenue Parking garage is one of the largest parking garages Downtown, offering six levels of parking. The JCPenney parking garage, recently under renovation, offers additional parking Downtown and the first hour is free to park in that garage.

References[edit]

  1. ^ Overbuilding In Alaska Makes Boom Go Bust
  2. ^ a b Reserved., Simon Property Group, L.P. and/or Its Affiliates (NYSE: SPG), © Copyright 1999-2018. All Rights. "About Anchorage 5th Avenue Mall - A Shopping Center in Anchorage, AK - A Simon Property". www.simon.com. Retrieved 2018-03-15.
  3. ^ Simon Mall Leasing Sheet[permanent dead link]
  4. ^ "Simon Malls: Anchorage 5th Avenue Information". Retrieved May 8, 2011.
  5. ^ https://www.thisisinsider.com/best-mall-in-every-state-2018-4#alaska-anchorage-5th-avenue-mall-2
  6. ^ "Mall loan approved". Anchorage Daily News. October 29, 1986. Retrieved February 23, 2010.
  7. ^ TRF, https://trfpac.com/
  8. ^ "New York Times, Downtown Anchorage Walking Tour". The New York Times. November 20, 2006. Retrieved October 2, 2007.