The 1803 Fund, an organization working to advance Portland’s Black community, unveiled new renderings Tuesday for a combined ten acres it purchased on the banks of the Willamette River near the Moda Center and in the lower Albina neighborhood.

The organization, formed in 2023 with a $400 million pledge from Nike co-founder Phil Knight and wife Penny Knight, said last month it was spending $70 million on several Eastside properties. It said the redevelopment of those sites would have a tenfold economic impact via the hundreds of local jobs it expects to generate. The total projected outlay for the redevelopment remains unclear.

Project leaders say they expect initial site work for what they’re calling Rebuild Albina, including permitting, to take roughly two years, with construction scheduled to take another two years after that.

At a Tuesday press conference, organization leaders detailed plans for two sites: a set of grain silos on three acres formerly owned by the Louis Dreyfus Co. and now called Albina Riverside; and a seven-acre property in the lower Albina neighborhood south of the Fremont Bridge and west of Interstate 5, in a district once known as The Low End.

“We intend to give that name back to the community,” Rukaiyah Adams, chief executive of the 1803 Fund, said Tuesday of The Low End district, as a carousel of renderings flashed on a wide screen behind her.

The group has said it wants to see those seven acres become a neighborhood gateway that connects the Black community to downtown.

The Low End is slated to become a mixed-use neighborhood with housing and public spaces with art, businesses, culture and community initiatives, according to a factsheet provided by the 1803 Fund, while plans for Albina Riverside are still in the works. Still, the Albina Riverside renderings show a reuse of the grain silos, a basketball court and what appear to be community-access steps down to the waterfront.

Properties in The Low End require environmental cleanup, which project officials say they are coordinating with the Oregon Department of Environmental Quality. It’s not clear at this point what environmental remediation the Albina Riverside site may need, officials said.

On Tuesday, project leaders said $30 million went toward properties in The Low End, while they spent $5 million on Albina Riverside. Another $35 million in Albina-area property investments are forthcoming, according to the factsheet.

Mayor Keith Wilson and City Council member Loretta Smith took turns at the lectern heaping praise on Adams for her leadership of the fund.

Wilson said he was committed to supporting the 1803 Fund’s “transformational projects” as the redevelopment of Albina bolsters Portland’s broader renaissance.

“I keep wanting to cry every time I look at you, Rukaiyah,” the mayor said. “It’s personal for me, and I know it is for you, as well.”

Smith told attendees that whenever she travels to another city, there’s a district called The Low End where members of the Black community live and gather.

“It had a stigma to it, and it does have a stigma to it,” Smith said. “Now you’re taking that stigma away and saying, come on down to Albina to The Low End. It’s a cool thing to do. So thank you very much for giving us back that history and that culture.”

Retaking the stage, Adams said part of what prompted the purchase of the grain silo was stories she heard years ago from former state Sen. Avel Gordly – the first Black woman sworn into the Oregon Senate – of Black men who used to work and died in the silos.

Gordly implored Adams to take more of a leadership role in helping to clean up the Willamette, Adams said.

“The connection of Black folks who migrated here from watersheds in the Jim Crow South to that Willamette River watershed is deep and spiritual,” Adams said. “My family left the Red River watershed in Louisiana to come to the Willamette River watershed here.

“Our stories are often told as the movement between cities, but we are a people deeply connected to the water,” she said. “We wade in the water.”

–Matthew Kish contributed to this article.