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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.

Project Description

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.

Updates

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.

In the coming months, the Lake Oswego Redevelopment Agency, with help of community volunteers will develop a Request for Proposals (RFP) to reflect a project consistent with the results of the forum.  The RFP is anticipated to be released by mid summer.

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