As proposed, the Block 137 development will:

 

• Enhance Lake Oswego's village character.

 

• Be under the City's 60-foot height allowance at 47-58 feet.

 

• Consist of three separate buildings with upscale residential units.

 

• Include 8 to 12 local, best in class retail and restaurant offerings.

 

• Provide approximately 457 underground parking spaces and 210 bike parking spaces, 30 percent more parking than code requires.

 

• Pursue LEED Platinum certification.

 

• Create 1,000 to 1,200 construction jobs and 106 to 117 permanent jobs.

 

• Increase tax revenue, from $50,000 to over an estimated $600,000 in annual property taxes.

 

• Generate a one-time Construction Excise Tax of almost a quarter of a million dollars for the Lake Oswego School District.

 

 

 

 

This website was created by supporters of the Block 137 development