What was Prosper Portland’s long-term plan for redeveloping the parcels?

As the city’s economic development agency, Prosper Portland focuses on balancing the need to maximize return on investment with opportunities to redevelop underutilized properties for community benefit. Prosper Portland envisioned finding a long-term development partner who would either lease or purchase (or a combination thereof) the three parcels.  

To that end, Prosper Portland issued a request for proposals in December 2017 for redevelopment of the blocks. The RFP included multiple goals: industrial mixed-use development, maximize development potential, address parking requirements, connection to the Eastbank Esplanade, compatibility with zoning requirements, timeliness of development, minimizing public financing, and demonstrating an emphasis on equity in design, construction, and operations.