Currently, Prosper Portland does not have plans to redevelop the property at NE Weidler and NE 1st Avenue.
Block R in NW Portland is part of the Broadway Corridor development and will be developed in line with the vision for that larger site. This property might be used, in part, for permanent affordable housing.
Block C in the Central Eastside is part of a three-block (Blocks A, B and C) development deal Prosper Portland is working to finalize with Beam Development.
- For Block A the developers plan to deliver a building focused on an Inclusive Technology Cluster which is a ground-floor program of tech-focused for-profits and non-profits working together to nurture emerging businesses and to train up new workforces. Projected groundbreaking is in the first half of 2022.
- Block B will provide a building focused on a Creative Production Cluster. This will create a dynamic ground-floor mix of affordable make/sell space and arts-based non-profits to attract creative content producers and create synergies within the building. All industrial office tenants should feel welcomed. While the term sheet signed two years ago with the developer provides a timeline, it may have to be revisited.
- Block C will provide a Food & Beverage Cluster which is a dynamic mix of food- and beverage-focused companies working together to create a must-see destination for innovative F&B production, retail, and community. While the term sheet signed two years ago with the developer provides a timeline, it may have to be revisited.