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Developer Secures Funding to Renovate Anchorage, Alaska, Building Eyesore.
Byline: Robert Howk
Dec. 28--The new year is bringing new life to what is arguably the most recognized architectural eyesore in Anchorage.
Developer Marc Marlow announced Dec. 14 that he has secured funding to renovate the McKay building annex, a three-story office building in the east end of downtown.
He also said he is awaiting approval of a federal loan guarantee to rejuvenate the adjoining, long-empty 14-story McKay building tower into a 100-unit apartment complex.
Marlow said he received a $1.5 million loan from Rock Partners, a group of local investors, and interior work on the 33,219-square-foot annex should be complete by next spring. He's naming it the ...
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