PORTLAND, Ore. (KOIN) -- Just to the east of the Gateway Transit Center at Northeast 102nd and Pacific sits an empty 10-acre lot, which could soon become a hub for professionals, shoppers, students and more.
It's a project being spearheaded by private and public groups.
On Wednesday morning, developer Ted Gilbert laid out the plans for the Generations Gateway Project to Prosper Portland.
"Something is going to happen in Gateway and East Portland that could change the trajectory and help revitalize the area," Gilbert said.
They're asking for $13 million in Gateway urban renewal funds to pair with $300 million in private investment and turn the 10-acre property into a major eastside hub.
The proposal includes space for workforce training, an elementary school for the David Douglas District, mixed-income housing with a focus on seniors and ground floor retail.
"The land, the users to fill up buildings, the capacity, the development cycle are here," Gilbert said.
The East Portland Chamber of Commerce also listened to Wednesday's pitch -- one that they say is well overdue in that part of town.
Member David Gattman said, "We have not paced with the development of the rest of the city, and I would like to see East Portland be more considered for the development that's been lacking to date."