Redevelopment Agency

News & Announcements

New City Hall Project

The new City Hall is located at the corner of A Avenue and 3rd Street in downtown Lake Oswego. Built in 2021, the 73,000 square feet new City Hall provides a seismically safe, energy efficient and better functioning building for the community and City staff. It includes new facilities for Police and 911 dispatch services, city offices, a larger emergency operations center, and retail spaces. The majority of the project was funded by urban renewal. The new building is 3 stories over one level for secured police parking.

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North Anchor Project

Project Update – December 23, 2021

In December 2021, the City Council acting in capacity as the Lake Oswego Redevelopment Agency (LORA) Board unanimously approved the Disposition and Development Agreement for the sale and redevelopment of the North Anchor properties with Urban Development + Partners (UDP). UDP is a real estate develop, investment, and property management firm based in Portland.

The approval of this public-private partnership is a major milestone towards redevelopment of the LORA-owned parcels at First Street and B Avenue. UDP is proposing to develop a 77-room boutique hotel and associated restaurant and 66 apartments with 5,700 square feet of ground floor retail.

The community as a whole will benefit from the redevelopment of the under-utilized properties in the downtown core by the addition of major streetscape improvements; additional housing options; direct and indirect jobs created; and the economic benefits related to the commercial development, new housing and boutique hotel. The development will enhance the pedestrian-friendly downtown and complement the “South Anchors” of Lake View Village, the Windward and Millennium Plaza Park.

The project is anticipated to break ground by fall 2022 and be completed by late 2024.

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