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Prosper Portland has issued a for a developer to take the lead on redevelopment of the 32-acre Broadway Corridor in Northwest Portland.

After a development planning phase with ZGF Architects, the chosen developer will have exclusive negotiating rights to develop the 13.5-acre U.S. Postal Service property within the Broadway Corridor.

The area is a rare opportunity to develop a swath of land in Portland’s urban center. The developable area is substantial – the city’s , published last year, envisions 3.8 million square feet of development along with parks, open space and transportation infrastructure. The plan calls for development of nearly 2.1 million square feet of residential space, including a substantial complement of affordable housing.

In October, the City Council agreed to increase allowable building heights in the Broadway Corridor to 450 feet north of Northwest Johnson Street and 250 feet south of it. Floor-area ratios were also increased.

Prosper Portland will host an informational pre-proposal meeting Dec. 6. Questions are due Jan. 5, 2018, and proposals are due Jan. 19, 2018.

Prosper Portland’s board plans to choose a developer on April 11, 2018. The agency would then enter a memorandum of understanding with that developer in May 2018. A development agreement would follow in mid-2019.