Dorn-Platz Takes Floor of Office at 'The Round' for Suites

BEAVERTON, OR-With the office market in the doldrums, the developer of The Round at Beaverton Central plans to build out the middle floor of a newly completed office building there as executive suites. The suites, slated to open this summer, will range from 110 to 400 sf and rates will start at around $400 per month and include receptionist, janitorial and beverage services.

Dorn-Platz of Glendale, Calif. paid $2.3 million last summer for the rights to the $80-million, 8.5-acre development that had stood half built and rusting since 1999. The seller was the City of Beaverton and Enron Microclimates, which gained control of the property in bankruptcy court after the original developers, Selwyn Bingham and Sylvia Cleaver, ran out of money.

Dorn-Platz has since finished developing the office building and is completing two connected residential buildings, according to project manager Cherie Henry. This month, Henry tells GlobeSt.com the developer will break ground on a third multi-level structure that will include ground-floor retail, parking and around 50 more condominium units. Two more office buildings totaling 250,000 sf also are planned. The region’s light rail line cuts through a circular courtyard that divides the development.