Anchorage 5th Avenue Mall

Anchorage 5th Avenue Mall is a 447,000 square feet regional shopping mall located in Downtown Anchorage, Alaska, United States. It has five levels with the only JCPenney store in Alaska as its sole anchor. It also boasts Alaska's only Victoria's Secret, Apple Store, Coach, Banana Republic, Sephora, Lululemon and Michael Kors locations, The website describes it as a “distinctive, five level shopping center surrounded by the buzz of Anchorage’s downtown core.” There was also a Nordstrom as a second anchor store until it closed in September 2019.
The mall opened in 1987, 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 . 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.

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