North Anchor Project

As currently 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 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.

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.  Information received from the forum was used to help develop the Request For Proposals (RFP).  The RFP, feasibility study and additional related documents can be reviewed in the materials listed below.

The deadline to submit a proposal for the North Anchor project was August 31, 2015.   The Redevelopment Agency is working with Sturgeon Development Partners on redevelopment plans for the site.  The proposal can be found under "Key Documents" below.

Project Updates: 

SDP Withdraws From Project - August 2019

In August SDP indicated it was not longer pursuing the project citing investors' concerns over the lack of unanimous LORA Board support (5-2) for the project.  On September 3 the Disposition and Development Agreement was mutually terminated by both parties.  The LORA Board will continue to pursue this marquee downtown project.


North Anchor Revised Conceptual Plan - March 2019

At the March 19th meeting, the Lake Oswego Redevelopment Agency Board approved the revised Conceptual Design by Sturgeon Devleopment Partners (SDP) for the North Anchor Project to include a larger hotel and parking above retail space.  While the overall architectual style is similar to that previously approved by LORA, the proposed elements of the project have been modified.  The most significant design change is proposed on the west side of First Street, with a parking structure and above ground floor retail.


North Anchor Update - January 2019

At the January 15, 2019 meeting, the Lake Oswego Redevelopment Agency heard the project update from Sturgeon Development Partners regarding the North Anchor project.  The project will focus on the 125-unit boutique hotel rather than apartments.  The development now includes 11,000 sq. ft. of retail space along with 162 parking spaces. A revised development agreement should be complete by the end of March 2019.


Disposition and Development Agreement Approved - January 2018

In January, the Lake Oswego Redevelopment Agency Board approved the Disposition and Development Agreement with Sturgeon Development Partners for the North Anchor project.  This agreement provides the basis for the mixed-use development project moving forward.  The next major step includes design review approval for the development (summer/fall 2018) in anticipating of breaking ground in early 2019.


North Anchor - Request For Proposal

The deadline to submit a proposal for the North Anchor project was August 31, 2015.   The Redevelopment Agency is working with Sturgeon Development Partners on redevelopment plans for the site.  The proposal can be found under "Key Documents" below.


Community Forum Results

On January 31, 2015, over 75 community leaders gathered to discuss options for the North Anchor Project site, shown on the map located above. A big thank you to all that participated in the forum.

Results of the community forum follow. Click on the document you would like to view.


Project Details
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Project Contact: 

Martha Bennett, City Manager, 503-635-0214

Scot Siegel, Planning & Building Services Director, 503-635-0269

Sidaro Sin, Redevelopment Manager, 503-697-7421

Related Links Attachments Neighborhoods

First Addition - Forest Hills