Through a competitive process, the City of Lake Oswego selected UD+P to lead the redevelopment of the North Anchor Site, a city-owned site in the Heart of DowntowN Lake Oswego. LONA ApARTMENTS IS one of two Planned Flagship Projects.
LONA Apartments is a premier boutique residential community coming soon to downtown Lake Oswego. Located just steps from vibrant dining, shopping, and recreational opportunities, the community will offer an unparalleled lifestyle in one of the region’s most desirable neighborhoods. Designed for those who value both comfort and connection, LONA Apartments will offer modern, residences with open-concept plans, luxury appliances, abundant natural light, premium finishes and fixtures, and smart features. Residents will also enjoy top-notch onsite amenities, including a fitness center, meeting spaces, lounge, and access to secured parking and bike storage - all set within an inviting community that balances the charm of a small town with the energy and convenience of a vibrant urban enclave.
Named for its strategic location at the north end of downtown's retail and restaurant core, the North Anchor sits along B Avenue, a key pedestrian thoroughfare, in close proximity to over 35 restaurants and eateries and a diverse mix of retail shops and services. Popular destinations such as Lake View Village, Millennium Plaza Park, Lake Oswego City Hall and Public Library and Foothills Park are all within a 10-minute walk. Adjacent to LONA Apartments, UD+P is planning Hotel Almira, a boutique hotel with 86 guest rooms and publicly accessible amenities, including a 6,000 SF thermal spa and signature restaurant.
We have assembled an experienced team of designers, engineers, and consultants to ensure the project delivers lasting value to the Lake Oswego community and honors the city's development standards, history, and culture through exceptional design.
CURRENT STATUS
The project is in the pre-development stage. We are finalizing our design and will be submitting for permit in September. LONA Apartments is expected to break ground in Q1 2027.
Learn More
Share your contact information to learn more about the project and connect with one of our experienced team members.
Share your contact information to learn more about the project and connect with one of our experienced team members.
Project Team
Developer: Urban Development + Partners
Architecture and Interior Design: Hacker Architects
General Contractor: LMC Construction
Structural Engineer: DCI
Civil Engineer: Vega
Landscape Architect: Ground Workshop
Geotechnical Engineer: GRI
Project Features:
67 apartments, including studios, one-, two- and three-bedrooms with a variety of configurations; 60 market-rate units and 8 affordable units designated for households earning up to 80% of Area Median Income
5,200 SF of ground-floor pedestrian-oriented retail along B Avenue
Unit amenities: open-concept layouts, abundant natural light, smart features and energy effiicient design, premium finishes and fixtures, luxury appliance packages, and high performing acoustics
Resident amenities: fitness room, meeting rooms, lounge space, secured off-street parking and bike storage
Area amenities: Central location in Downtown Lake Oswego, a vibrant mixed-use commercial core; numerous restaurants, cafes, retail shopping, services, and grocery stores within 10-minutes walking distance
