The developer of the planned North Anchor development on B Avenue and First Street in downtown Lake Oswego is asking the local community to consider investing in the project so it can obtain needed financing, which has proven elusive for years.
Urban Development + Partners is advertising the opportunity to have a financial stake in the future apartment and hotel development, but at a smaller level than the equity capital partners they are working with. This outreach is focused on Lake Oswego neighbors and UDP is aiming to close the $4 million financial gap.
UDP said, through a combination of local investors and equity stakeholders, they believe the gap will be closed by the end of the year…