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Mayor introduces plan to transfer former Nordstrom building to ACDA; public hearing to follow

Anchorage Assembly · February 18, 2026

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Summary

Mayor announced a proposal to transfer the vacant former Nordstrom building downtown to the Anchorage Community Development Authority to lead redevelopment; the Assembly set a public hearing so the downtown community council and the public can comment before formal action.

The Anchorage mayor told the Assembly on Feb. 17 that the administration intends to transfer the city’s vacant former Nordstrom building to the Anchorage Community Development Authority so ACDA can lead a redevelopment to re‑animate downtown with mixed uses and support local businesses. The mayor framed the transfer as a key step in a broader downtown revitalization strategy and said the proposal aligns with local planning goals and nearby assets such as the museum and 5th Avenue Mall.

Chair Constant said the Assembly will set the item for a public hearing in March to allow the downtown community council and other stakeholders to review proposed concepts and share concerns. The chair encouraged residents to attend community council and Assembly briefings so the public can see how redevelopment proposals would affect the district.

The transfer was introduced for the record; no final vote was taken. City officials said the step is intended to open negotiation and planning led by ACDA, with later approvals and hearings expected. The Assembly did not adopt policy or authorize a conveyance on Feb. 17; it scheduled follow‑up public hearings and staff briefings so the community can weigh in before any final action.