Contrary to the narrative that office markets nationally and especially in Greater Cleveland are dead, two new reports show they are very much alive. And while they’re not fully recovered from the pandemic and remote working, some office markets including Cleveland’s have shown surprising resilience.
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A zombie is about to be slayed thanks to a property transfer and a development partnership that got good news this week. That zombie is 45 Erieview, the former Ohio Bell headquarters in downtown Cleveland at the southeast corner of East 9th Street and Lakeside Avenue.
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Champagne was flowing in the lobby of 45 Erieview as Ohio Department of Development officials announced the winner of the state’s largest historic tax credit — a 38-year-old office building to be converted mostly into high-end housing.
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