Beam Development’s team, which included Colas Construction, was selected through the Prosper Portland RFP process, which included community-member participation throughout the selection process. The Beam proposal included a sequenced industry-focused office development over the three blocks. On April 13, 2020, Prosper Portland Board of Commissioners approved a term sheet with Beam Development that authorized a 99–year ground lease for Block A, gave them rights to develop on Blocks B and C via an exclusivity period, and included no public subsidy.