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North Anchor Project

Project Background/Summary

Consistent with the 2004 East End Redevelopment Plan, the Lake Oswego Redevelopment Agency (LORA) is planning a mixed use project on the north side of B Avenue at First Street.

The LORA Board was presented with initial studies analyzing the feasibility of a library-based mixed use redevelopment in October 2010, and reviewed additional project concepts and updated analysis in March 2011. The Board then authorized staff to proceed with the next phase of planning, and in May 2011, approved an acquisition plan and authorized staff to initiate property acquisition and proceed with more detailed planning.  As of summer 2012, LORA has acquired three properties; 500 First Street, 525 First Street, and 39-41 B Avenue.

In November 2012, Lake Oswego voters rejected a $14 million library bond measure. In April 2013, the LORA Board directed staff to begin preparing a Request for Qualifications to select a developer for a mixed-use project that would not include a library component.  During this same period, LORA was looking to acquire an additional property.  However, in June 2014 stopped pursuing the property because the parties could not agree on the terms of the sale.

LORA will initiate a public outreach process to receive input on the project prior to moving forward with the Request For Proposals, as noted in the below update section.  Feasibility study reports and additional related documents can be reviewed in the materials listed below.

Updates

NORTH ANCHOR COMMUNITY LEADERSHIP FORUM

Sign up to participate here!

Saturday, January 31, 2015

Join your neighbors and other members of the community in a forum to discuss what this new development could include. The forum - hosted by the Lake Oswego City Council in partnership with FAN-Forest Hills and Evergreen Neighborhood Associations and the Lake Oswego Chamber of Commerce - will take place at the Adult Community Center, 505 G Avenue, from 9:00 a.m. to 1:00 p.m.

To ensure adequate accommodations please sign up to participate at the link provided above.  Contact Anne-Marie Simpson at asimpson@ci.oswego.or.us or call 503-534-4225 for additional information.

City of Lake Oswego Oregon Official Website
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ID

RA

Type

Redevelopment Agency Projects

Contact Us

Brant Williams, Redevelopment Director,    503-635-6138

Sidaro Sin, Development Project Manager, 503-697-7421

Status

Active