Here is a pretty cool history of the area by the Bureau of Planning and Sustainability. However, I am highly suspicious of their plans to integrate new businesses in (I think they mean coffee shops and swanky stuff aka trendy new neighborhood).
"Construction and renovation of buildings are frequent sights throughout the Central Eastside, including this project at the corner of Southeast Hawthorne Boulevard and Southeast Water Ave. City planners are trying to strike a balance between the development of the area into a trendy new neighborhood while maintaining the district's manufacturing and industrial base. (Kristyna Wentz-Graff / The Oregonian)" Source
This area has been an industrial sanctuary. We need it to stay that way. And it is under threat from unbridled growth.