Downtown Anchorage building getting $41M upgrade after quake by The Associated Press Last Updated Feb 16, 2021 at 10:44 am EDT ANCHORAGE, Alaska — A building in Anchorage that once housed a Key Bank office is undergoing a $41 million renovation inspired by Alaska’s glaciers. The project developer said the former Key Bank Plaza will be modernized and draped in glass instead of concrete, with an inward-sloping façade above the entrance, the Anchorage Daily News reported Sunday. The nine-floor building that has stood for 50 years was battered and left vacant by the 2018 Anchorage earthquake. Developer Derrick Chang said the building’s entrance will “look like an ice cave, so you create an Arctic phenomenon.”