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Oregon City approves adaptive‑reuse agreement for 703–705 Main, tying loan forgiveness to specific rehab work
Summary
The commission voted to approve a development agreement with Donna London’s London D Investments to rehabilitate the long‑vacant 703–705 Main building, converting a loan to a grant as specified work is completed and verified. The agreement was revised to specify replacement of both storefront doors.
Oregon City’s commission on May 6 approved a development agreement with London D Investments to rehabilitate 703–705 Main under the city’s adaptive‑reuse program.
Anne Griffin, the city’s economic development staff person, outlined the terms: removal of a rear shed, reconstruction of the rear roof, raising the first‑floor commercial ceiling by about 4 feet, installation of new storefront windows and door(s) at 705, opening the currently closed basement to create five office units, and installation of a new fire‑suppression and fire‑alarm system. Griffin…
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