Plans for the new public outdoor space at the South Plaza at The Round were unveiled to City Council on Tuesday, March 19, 2013.
The proposed ScanlanKemperBard purchase of the lots and buildings at The Round
will help lead the way in the revitalization of the "Creekside District," which is part of the Beaverton Civic Plan
What are the benefits of buying the Coldwell Banker Building?
Why pay $8.65 million for an office building?
Comparative analysis illustrates purchasing the Coldwell Banker Building for the Central Plant will save the city spending $13.3 million in obligated lease payments. These payments go away if the city owns, rather than leases the building. The $13.3 million is $4.7 million greater than the cost of the building!
The balance the city is owed from previous developers will be settled by ScanlanKemperBard.
What would it cost to replace the Coldwell Banker Building, or South Office Building, at The Round?
What is the value of the Central Plant property and assets?
- Replacement Cost new (RCN) = $6,975,000
- Market Value in Continued Use (MViCU) = $3,925,000
The Round: Information Meeting - March 15, 2012 video
Video courtesy of KOIN Local 6 News
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