Wednesday, November 8, 2023

Ohio Savings Plaza has a buyer, plans

Ohio Savings Plaza, seen as the black and white building in the middle of the
image, has a little brother hiding around the corner and both buildings repor-
tedly have a buyer. The structure visible here at East 9th Street and Chester
Avenue in Downtown Cleveland reportedly will be converted from office
to residential with the ground-floor retail remaining (Google).

NEOtrans has learned that the two-structure Ohio Savings Plaza in Downtown Cleveland has a buyer who has put the property under contract while its real estate team 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.


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