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When Dr. John McLoughlin retired from the Hudson's Bay Company in 1845, he paid his former employers $20,000 for title to the land that he had claimed in Oregon City on the Company's behalf in 1829. He built an elegant home at the south end of town, near the falls, and lived there until his death in 1857. In 1909, the house was rescued from encroaching industrial development around Willamette Falls and moved to its present location at 713 Center Street. The lot was one of the places set aside by McLoughlin for public use when he laid out the town in the 1840s.