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Unalaska development.

Unalaska Development. The face of Unalaska is changing, as the city gears up for a new 70-acre, $50 million multibusiness project that will include a 105-room hotel, shopping center, office and retail space, post office and dock facilities. Alaska Diversified Properties will develop the project, dubbed Margaret Bay, on land leased from the Aleutian Development Corp., a subsidiary of Unalaska's Native village corporation, Ounalashka Corp.

The go-ahead for the project was given at the end of May, after more than a year of negotiations. Plans call for construction in phases, with the initial building scheduled to be finished this year and the hotel and retail spaces to open in early 1992. The project is expected to take three to five years to complete.

The complex will be located at Margaret Bay, which was the site of Fort Mears, a U.S. Army base that was bombed by the Japanese during World War II. According to Greg Jones, president of Alaska Diversified Properties, the complex also has the potential for a major marine terminal and seafood processing plants.

Sitting 800 miles southwest of Anchorage in the Aleutian Islands, Unalaska-Dutch Harbor was the nation's top-volume fishing port in both 1989 and 1990. Despite a thriving fishery-based economy, the area has seen limited development of retail space, residential units and community services because of the scarcity of land suitable for building. Unalaska-Dutch Harbor supports a permanent population of about 4,000 residents and an additional rotating population of 18,000.
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Title Annotation:Construction; multibusiness project in Unalaska
Publication:Alaska Business Monthly
Date:Aug 1, 1991
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