Perk Park – NEOtrans

Ohio Savings Plaza has a buyer, plans

Ken Prendergast / November 8, 2023

NEOtrans has learned that the two-structure Ohio Savings Plaza in Downtown Cleveland has a buyer and has put the property under contract while it does its due diligence. NEOtrans has also learned that the buyer intends to partially convert the half-full, 500,000-square-foot. two-building property to residential. The larger of the two buildings, an 18-story tower at 1801 E. 9th St., is tentatively to be converted to apartments. The smaller building, called Park Plaza at 1111 Chester Ave. that faces Perk Park, will likely remain an office building.

Ohio Savings Plaza has a buyer, plans Read More »

Downtown’s next high-rise to turn residential

Downtown Cleveland’s next office-to-residential conversion project appears to be in the works. But this one might not be a total changeover to a new use. Ohio Savings Plaza, with more than a half-million square feet divided among two buildings has something big going for it — it’s half-filled with office tenants. Or, half-empty if you’re a pessimist.