Downtown office tower bucks residential trend

Soon to lose the name “Oswald Centre,” 1100 Superior Ave. in Downtown
Cleveland is going to remain as an office building despite a weak, post-pan-
demic office market. Its new owner is working to retain and attract new
office tenants, rather than convert the 54-year-old tower for residential
or mixed-uses as has been done to other aging office buildings
downtown (Google). CLICK IMAGES TO ENLARGE THEM.

Since actions speak louder than words, the rumors of the 22-story office tower 1100 Superior Ave. turning residential are getting shouted down. The louder message is coming from the building’s owner who is re-signing existing office tenants and attracting new ones, despite recent tenant losses and other hardships. The actions are likely the result of a short-term strategy resulting in another sale, however.

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