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| One of the biggest pending deals in Downtown Cleveland is for the Ohio Savings Plaza which actually consists of two office towers. This 18-story building on East 9th Street, which is the larger of the two for-sale buildings, is proposed to be converted into residential (Google). CLICK IMAGES TO ENLARGE THEM. |
Although the real estate listing for Ohio Savings Plaza, 1801 E. 9th St. and its associated Park Plaza, 1111 Chester Ave., show their transaction status as “under contract,” it’s been that way for many months. It will retain that status for at least two more months. What’s going on behind the scenes reveals the complexities and even creative new ways of pursuing big deals in this market at this time.
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