Portland’s urban renewal agency is asking for proposals to redevelop two Old Town Chinatown sites, including one where the Right 2 Dream Too homeless community sprang up.

Prosper Portland released a solicitation describing its goals for the two sites and financial incentives it could offer. The agency says it could either sell or lease the land after reaching an agreement that outlines the terms of the development.

The former Right 2 Dream Too site is a quarter-block at the corner of Northwest Fourth Avenue and West Burnside Street, next to the landmark Chinatown Gateway. Prosper Portland bought the Burnside site for $1.2 million in 2017 after Right 2 Dream Too moved to a property near the Rose Quarter.

The other development site, known as Block 25, fronts Northwest Flanders Street between Third and Fourth avenues and surrounds the Blanchet House of Hospitality, a homelessness nonprofit that provides free meals and temporary shelter.

Both sites sit in the New Chinatown/Japantown Historic District. The solicitation calls for development with commercial space on the ground floor and mixed-income housing on upper levels. It also lists as a priority retail and community space oriented toward the Asian American communities that once lived in the district.

The sites also sit in a federal Opportunity Zone, which could make investors eligible for income tax breaks, and an Enterprise Zone, which could unlock property tax benefits.

-- Elliot Njus

enjus@oregonian.com; 503-294-5034; @enjus

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