North Anchor developer selects new hotel operating partner
After the former hotel operating partner backed out of the North Anchor development project in downtown Lake Oswego late last year, Urban Development + Partners announced a new hotel partner this week.
The Lake Oswego City Council, acting as the Lake Oswego Redevelopment Agency, received an update from UDP — the developers in the North Anchor project — about the schedule of the project and hotel operating partner during the Feb. 18 City Council meeting.
The project is expected to bring a mixed-use complex to the property on the stretch of B Avenue between State Street and the alley between First and Second streets.
The city's efforts to develop the property date all the way back to 2004, when the North Anchor block was listed as the centerpiece of the city's East End Redevelopment Plan. The city began acquiring parcels at the site in 2010, and the first request for proposals (RFP) went out in 2015. About a year after a prior proposal for the site fell through, the city reached a memorandum of understanding with UDP last June.
UDP's mixed-use proposal for the North Anchor site includes a lounge area and rooftop access, an estimated 75 multi-family residential units, 60 hotel rooms and more than 6,000 square feet of ground floor retail space that could be divided into smaller spaces. These numbers are subject to change.
After the initial hotel partner, Atticus Hotel, backed out late last year, UDP selected Mosaic Hotel Group based in Northern California. The group has experience operating small, boutique hotels and dining inspired by the hotel's location.
"With Mosaic now on the project team, they are working in tandem with UDP to develop a unique brand for this hotel and customize it for the local experience," the staff report said. "Over the next several months, that branding will help guide decisions for the design, look and feel of this new hotel. It is anticipated that major elements of the previous design, such as massing, scale and general layout, will remain the same, but the exterior may reflect more of the local architectural style. Revised drawings and plans will be provided in the near future."
Sarah Zahn, development director with UDP, said the goal of the hotel restaurant will be "for the community, for everyone who lives in Lake Oswego, not just people coming to stay at the hotel.
"We're very excited to introduce them into the team," Zahn added.
Zahn also discussed more fleshed-out architectural design proposals, though she said the architects will discuss the proposed designs more in depth in the future.
Councilors Massene Mboup and Daniel Nguyen brought up the affordable housing component in the multi-family residential buildings.
City Manager Martha Bennett said the City Council asked to evaluate this topic and has been consistent in its messaging that affordable housing is of interest. She said it will be a formal part of the discussion about terms and will be discussed at the next council meeting.
"Don't worry, it's coming," she said.
City Councilor Rachel Verdick had concerns about design aspects of the multi-family residential buildings. She noted that the corners of the buildings seemed harsh and not welcoming, and suggested a setback to make it softer and more approachable. She also said the rows of gables — part of a wall enclosing the end of a pitched roof — on the buildings appeared intrusive on the street and asked for the architects to take that into consideration. She also was curious if people who weren't staying or living in the buildings could benefit from the view of Mt. Hood.
"People love to come to places with a view. That's special," she said. "Just food for thought."
Zahn said the team is in the middle of the schematic design for the multi-family residential buildings and is in the beginning of the process for the hotel, which will be caught up to be completed at the same time as the multi-family portion of the project. Zahn said the team will prepare to make a land use submittal toward the end of April and will hopefully start construction early spring 2022.
For more information, visit the city's website.
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