Commercial Real Estate
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The Round | Watson Building Redevelopment

THE ROUND | Watson Building Redevelopment

4145 SW Watson Avenue | SW Watson Ave & SW Millikan Way | Downtown Beaverton


SPACE AVAILABLE:

  • First Floor: Office, Retail, Salon, and Restaurant Space

  • Second Floor: Event Space

  • Current Build-Out: Full-Service Fitness Facility

The Watson Building Redevelopment Flyer


 

Property Overview

Traffic Counts
Highway 217 at Canyon Road: 107,526 VPD
Canyon Road at Hall Blvd: 34,179 VPD
795 Riders On/830 Riders Off per Weekday at Beaverton Central MAX Station

The Round is an urban mixed-use office, retail, residential, and public space project located in the heart of Central Beaverton. The combination of civic and public use space at The Round as well as the connection to public transit creates a true urban city center experience on Portland’s west side.

The Watson Building is a five-story multi-tenant office and retail building that is undergoing extensive redevelopment to accommodate new retail and restaurant space on the ground floor with expansive outdoor seating and common area upgrades.

The Lofts at The Round Condominiums is a 65-unit residential and commercial condominium located within the Crescent and Promenade Buildings, with 24,000 square feet of ground floor retail space, creating a crescent shape around the North Plaza amphitheater, which comprises half of the oval-shaped public plaza at The Round. Retailers at The Lofts include MiNGO West, Mio Sushi, Siam Lotus, Brickhaus Coffee, Pacific University Eye Studio and Clinic, and Clover & Booch. Office tenants include the Beaverton Area Chamber of Commerce and the Virginia Garcia Memorial Clinic.

The Beaverton Building, located at The Round, is the home of the Beaverton City Hall and includes the offices of the Mayor and City Manager and almost all major City Building and Planning departments. The 400-stall parking garage that sits between the Beaverton Building and the Watson Building is privately owned by the owner of the Watson Building, who also owns the commercial condominium units within the Crescent Building across the tracks.

The 550-seat Patricia Reser Center for the Arts (The Reser), owned by the Beaverton Urban Redevelopment Agency (BURA), sits on the north side of the property and features an additional 350-stall public parking garage and 8,000 square feet of ground floor retail space.

MAX lightrail bisects The Round and the Beaverton Central MAX station is located at The Round just south of North Plaza. South Plaza completes the oval-shaped public plaza on the south side of the MAX station and is flanked by three buildings to the south and southwest.


Trade Area Overview

Located steps from Downtown Beaverton’s Restaurant Row and less than one mile from Cedar Hills Crossing, The Round offers unmatched access to transit and parking (750 spaces) in an urban, mixed-use setting with office, retail, entertainment, lodging, and residential all on-site.

Downtown Beaverton’s Restaurant Row: Just steps away, diners already flock to the city’s celebrated collection of local restaurant concepts. From hip eateries to chef-driven kitchens, the area has become a recognized dining destination within the Portland metro area.

Cedar Hills Crossing: A bit more than a half mile away, this popular regional center has built a strong roster of restaurants, entertainment, and retail that pulls customers from across the metro area. The synergy between Cedar Hills Crossing and downtown Beaverton strengthens this site’s ability to capture consistent dining traffic.

Demographics

1 Mile 3 Miles 5 Miles
2025 Population: 17,293 145,750 374,734
2030 Projected Pop: 18,409 148,851 383,689
’25-’30 Growth/Yr: 1.26% 0.42% 0.47%
Avg Household Income: $101,336 $130,991 $149,714
% Pop Bachelor's Deg +: 40.6% 51.4% 55.8%
Median Home Value: $577,094 $638,465 $661,609
# Businesses: 1,572 5,993 12,424
Daytime Pop. Workers: 20,133 96,618 186,562