From Bill White --
CIRI Land Development Co. has acquired the site of the former Fireweed Theater in Anchorage.
The company plans to develop the 8.36-acre site into office space, according to CIRI Land’s parent company, Cook Inlet Region Inc.
CIRI said in October that it was in talks to buy the site from Regal Cinemas. The site at the corner of the Seward Highway and Fireweed Lane was a complex of movie theaters for decades. Regal closed the theaters in June, as it was opening it 16-screen movie theater in East Anchorage’s Tikahtnu Commons mall. CIRI Land also is the mall developer.
Besides the mall and the Fireweed Theater site, CIRI Land’s projects include a 40,000-square-foot office building in South Anchorage. The parent company is the regional Native corporation for the Anchorage area.