New Lake Oswego Lots (River Grove)
Mar 4th 2010Linda Rossi (Trotta)Buying Advice & General & Neighborhoods
There is some buzz in River Grove lately as word spreads that the property off of Childs Rd., east of Pilkington between there & Bryant Rd. has been designed for 34 lots by Renaissance Custom Homes. The area is a sought-after intersection of sleepy River Grove residential living and nearby shops, freeway access and so much more. Neighbors have been anticipating the future of this 
land for quite some time as it has languished undeveloped and left many surrounding residents wondering at its fate.
I spoke with Jack Hall of Renaissance who confirmed that they are taking lot reservations for a fully refundable cost of $2500. per lot. The plats are not recorded as yet, but I’m told that all has been approved, with lots ranging from 7400SF – 11,000SF. Homes range from 2100SF to 3600SF with prices from $559,900 to $659,900. Excavation with roads and utilities will begin the first week in July. Assuming recording of the plat in October, you would be in your new home by Spring 2011!
The big kick-off party was held at Renaissance this past Monday evening where I’m told floor plans, prices and a fit list were released. The result was that three of the 34 lots are now reserved. More information may be obtained by contacting Jack Hall at 503 545 3982. You may also wish to visit Renaissance Woods online at: http://www.renaissance-homes.com/futureDev.html As always, feel free to give Dianne or me a call as we’d be happy to assist you if you are not already working with a Realtor.
Happy 2010 to each of you! I don’t know about you, but I can feel the excitement (and dare I say relief) in the air. It’s a new year, and things are looking good. Lake Oswego is already celebrating its Centennial, employment figures are up, real estate tax incentives are in full force (for a few months anyway), stocks started the year with a rally, and “the trend is still up” according to Rob Lutts, chief investment officer at Cabot Money Management.
The beginning of the year also always brings some legislative changes, like needing a hands-free device to talk on your cellphone in the car. The new law does, however “…exempt motorists who are on their hand-held cell phones ‘in the scope of the person’s employment if operation of the motor vehicle is necessary for the person’s job’.” Hmmmm, I wonder if that includes Realtors? Well, I think I’ll opt for safety anyway, but I can smell some friction (is that burning rubber?) ahead in the way of challenges to these minimum $142. tickets.
Realtor (or Dianne and I if you are without a Realtor) if you have any questions. Some of the changes could affect the timeline of your transaction if you are not aware of them. For instance, if a transaction includes any seller-carried financing, and the document is prepared by escrow, there is a 3-day mandatory review period… so if the Buyer is just seeing the document for the first time at signing, there will be a 3-day delay in closing. Also, you will notice that our ML#’s have gotten a bit longer. As we are starting a new decade, the ML#’s now start with “10″… so they’ll be longer numbers & have lots of zero’s for awhile : ) As an aside, the count on these, and therefore the number of new January listings as of today in Lake Oswego number 24, and range in price from $90,000 to $998,500.
Last, but definitely not least, I want to address the excitement of the ongoing Centennial Celebration in Lake Oswego. I’m including a 
A very merry Christmas and holiday season to each of you from Dianne and me!
Adult Community Center New Year’s Luncheon ~ Doors open on Wednesday, December 30th at 11:30 for this fabulous feast & opportunity to celebrate with your neighbors. Suggested donation is $4.00 for those 60 & older, and $5.00 for all other attendees. The Community Center is located at the intersection of 5th & G Avenues.
It isn’t often that we shine the spotlight on any particular property, but when we heard that the new luxury town homes on Sixth St in sought-after First Addition had just lowered their prices by $100,000 each to $599,900., Dianne and I just had to run over there and take a look.
ML# if you want to get a preview is 9057549. Each has 2258 SF, 3 bedrooms, 3 & 1/2 baths, 2 levels with additional full finished basements, and probably just everything you’ve been looking for.
cabinets also boasts additional built-ins and smart features like a pull-down bar. The dark french doors to the front porch area off the dining room are a rich contrast, and the white wainscoting throughout adds that crisp old-world cottage feel. The 2-car detached garage out back with private courtyard to the house is an added bonus in First Addition, and from there you enter the great room compete with gas fireplace and more built-ins.
Downstairs you find another gas fireplace and generous media room as well as another bedroom & bathroom w/an additional laundry area for guests or your reclusive teenager. Upstairs is the master bedroom & bath showing off glorious travertine w/onyx, a clawfoot tub & separate shower as well as an additional bathroom w/soaker tub & yet another bedroom. Walk-in closets of course, and the main laundry near the upstairs bedrooms check those final “must-haves” off the list.
Overall, these are just so unique & have that easy-living feel that goes hand in hand with the First Addition lifestyle… you know, walking to all the services, trendy shops and restaurants, not to mention Millenium Park Plaza for a view of the lake & all the festive local activities like Farmer’s Market, open air Movie Nights, Holiday Tree-Lighting festivities and on & on. First Addition is just a strolling kinda place; a small-town feel with all the amenities. Cottage Living 
magazine named First Addition as one of the ten best cottage communities in the country. American Planning Association name it one of the top 10 neighborhoods in America. The accolades go on & on.
Come on down & take a look. Bring a Realtor as there has been a lot of interest. They will be held open both Saturday & Sunday from 1 – 4.
Are you wanting to enroll your children in the Lake Oswego School District, but are concerned about finding a home that is large enough, that you can also afford? Look no further. A home that fits this profile has come onto the market.
Featured Home
La Provence is the youngster in the group. The founders of the restaurant, Pascal, Didier, and Alain came from France in 1996 wanting to share their passion for the French Patisserie, which is a bakery that specializes in pastries and sweets. Don’t be fooled by the outstanding selection of breads, tortes, cakes and croissants that are showcased as you walk-in. This restaurant offers first class food well beyond the temptations of sweets. When the restaurant first opened it specialized in breakfast and lunch. My favorite breakfast choice has long been the smoked-salmon hash. Served over crispy hash browns, the smoked salmon is topped by a poached egg and creamy dill sauce. The homemade bread makes delicious toast, and the coffee is outstanding. For lunch I recommend the French onion soup. It is the best I have ever had. And in the last year or so the restaurant has begun to stay open for dinner service. I recently had a wonderful dinner there at a time when they were offering live music. I consider the pricing to be affordable and the food highly reliable. The atmosphere is relaxed and sunny with bright splashes of color from the art work and provencial-style table cloths. Located at 15964 Boones Ferry Rd, you can find menus and more information at their website,
Next door to La Provence is Gubanc’s. Gubanc’s and I have something in common. We both came to Lake Oswego in 1976. I guess you could say that we kind of grew up together. Owned by Tony and Anne Gubanc, this restaurant is a neighborhood classic. The atmosphere is classy while being comfortable. Not too expensive, you’ll find the food to be Northwest with an interesting flair. The restaurant is most famous for its soups. They have 80 different varieties that were personally created for their menu. While the traditionals like clam chowder are available, you will also often find unusual selections like Chicken and Pear or Santa Fe Chicken with White Bean. Yum. A great deal at lunch is the Soup Board. For $7.50 you get a generous bowl of homemade soup with a side board of bread, cheese, and fruit. Dinner options include South Western Pork Wraps, Chicken and Dumplings, and Halibut Provencial. For dessert they are well known for their Fresh Fruit Cobbler. You’ll find it busy every night of the week. There is a full bar and I think there are quite a few regulars who eat dinner here several nights a week. To continue to fill the dining room night-after-night for over 30 years, you know they must be doing something right. Located at 16008 Boones Ferry Rd. For a copy of the menu and more information, visit Gubanc’s website at 
Finally, I want to brag about Riccardo’s. This is my favorite “special occasion” restaurant in Lake Oswego. Not that you would only want to go there on special occasions, like an anniversary or a birthday. I have gone there with friends for a casual lunch or dinner many times. It’s just that I’ve also celebrated many birthdays and anniversaries there. In my mind, it is a special place that provides just the right atmosphere for a special night out. Opened in 1980 by Riccardo and Georgette Spaccarelli, it is very fine Italian dining at it’s best. The Spaccarellis are known for their annual trips to Italy where they visit wine producers and make selections to offer with their food. The entire meal is extremely authentic. It’s also mouth watering and complex. My favorite item on the menu is the Penna Strozzapreti. Penna pasta with a sauce of cremini mushrooms, black olives, garlic, and sun-dried tomatoes in a light cream sauce that is then dusted with parmigiano reggiano. That is comfort food to me and a real taste treat. There are two dining rooms. The inside room seats 55 and is very nice. But my favorite, and where I always make it a point to dine, is the outside patio. It seats 75 and is surrounded by high walls that in the summer are topped with flowers. There are terra cotta tiled floors and several fountains. The perimeter tables do have a roof over them and in cooler weather they have numerous heaters to keep you warm. No, I don’t think you’d be able to dine out there in January. But for most of the year you can. It is not only comfortable, you will feel like you’ve gone to Italy. Riccardo’s is just across the street from Gubanc’s and La Provence at 16035 Boones Ferry Rd. You can find their menu and more information at their website,
