It is my understanding that the DRC can institute a deadline at any time, but to my knowledge, the permit application is still in limbo.
So, what has to Evergreen Group been doing for the last several months? Their main objective is to come back to the DRC with a revised design that will resolve the Commission's concerns,mor more to the point, get the darned thing approved no matter what. The word on the street is that the principal developer, Patrick Kessi, has been quietly been working a "hearts and minds" campaign to win acceptance for his monster development.
USC has not been privy to the tete-a-tetes, mostly with people from the downtown area. So far, I don't think Kessi has convinced anyone that tweaking the old model with a wall pushed a foot or two this way or that while keeping the structure in its 3-buildings form will make any discernible difference. If that is truly what Evergreen Group is doing, then I would say they have missed the boat on this project altogether. You can't out Portland into Lake Oswego by slapping up a few stylistic details on a block of woot and steel and calling it good.
Here's some free advice for Mr. Kessi: Downsize the project so it is truly compatible with its surroundings. Bring the neighbors into the design discussions. Understand that people don't move to Lake Oswego because its a mini-Portland, they move here for its small town feel, and part of that is being a good neighbor. The last thing you want to do is piss off the neighbors with a monster building in their midst before anyone has even moved in. This demonstrates clearly that the investors care little for the communities they build in, only the profit they can take out of them.
A radically different design will be the only way to win the hearts and minds of the natives.