News & Announcements
The Lake Oswego Redevelopment Agency is working on the planning and design of a new City Hall in downtown Lake Oswego. The new building, which will be constructed next door to the existing City Hall, will provide a seismically safe, energy efficient and better functioning building for the community. It will include new facilities for Police and 911 dispatch services, city offices, a larger emergency operations center, and retail spaces. The majority of the project is funded by urban renewal. The new building will be 3 stories over one level for secured police parking. After the construction of the new building, the existing city hall will be demolished and replaced with customer parking and plazas.
Project Update – March 17, 2020
On March 17, the Lake Oswego Redevelopment Agency Board unanimously selected Urban Development Partners (UDP) as the North Anchor Project Developer. The mixed-use project at the corner of B Avenue and First Street is proposed to include a 51-room boutique hotel, 45-units of multifamily housing, 30,000 s.f. of office, 8,000 s.f. of retail and associated parking. The Board authorized the City Manager and LORA Executive Director, Martha Bennett, to negotiate and present for Board approval a proposed Memorandum of Understanding followed by a Disposition and Development Agreement (DDA). Following approval of the DDA, the project will go through the design review process - expected in the fall of 2020 through spring of 2021. The project is anticipated to be completed by early 2023. UDP is a real estate develop, investment, property management based in Portland.
November 13, 2019 - Lake Oswego Redevelop Agency releases First Street North Anchor Mixed-Use and Hotel Redevelopment Request for Proposals (RFP). To view the RFP, click HERE.
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 Board directed staff to pursue a mixed-use project without a library component.
In January 2015, the City Council, Chamber of Commerce, Evergreen Neighborhood Association and the First Addition/Forest Hills Neighborhood Association hosted a community forum to receive input on what the community would like to see and not like to see in the North Anchor project.
An RFP was developed with consideration to the public input and released in August 2015. At the time, the RFP included three parcels comprising approximately 35,000 square feet. In 2016, the parcel at the corner of State Street and B Avenue, was added to the site bringing the total development area to approximately 46,800 square feet. One proposal was received for a mixed-use project. The developer explored several refinements over the next four years, with the last iteration being a boutique hotel, above ground parking and ground floor retail. In August 2019, the developer withdrew from the project citing the inability to secure financing and the disposition and development agreement was mutually terminated by both parties.
In November 2019, the LORA Board directed staff to prepare a new RFP for the North Anchor project that includes a boutique hotel.
Applicable projects as described in the East End Redevelopment Plan.
Project H - First Street North Anchor
The block comprising the northeast and northwest corner of 1st Street and B Avenue, should be considered a key site for redevelopment as an anchor for the 1st Street compact retail core. A mixed-use project could include a public library and public parking. A library-based project with public parking would serve as both a civic anchor and economic catalyst for downtown retail and contribute to foot traffic and vitality. A new public library and public parking would be an amenity, adding to the attractiveness of the Redevelopment Area as a residential or business location and stimulating redevelopment of underdeveloped properties. Redevelopment could also include the 1st Street right-of-way. Potential acquisition of tax lots 400, 500, 600, 1100 and 1200 of Tax Map T2S R1E 03DD and possible resale to a developer.
Project T - Hotel
The project will encourage development of a new, high quality boutique style hotel within the District. The hotel is expected to be within a range of 30 to 70-units. Properties which provide lake, river, or mountain views and which are located within 400' of restaurants, transit, and retail shopping or other significant amenities will have substantial preference for siting. The project may include land assembly, relocation and infrastructure improvements.
Key Documents and Reports
Forms, Permits, and Applications