Cleveland
$1M Office Renovation Filed for 25th Floor of 200 Public Square
Public Square Realty is investing $1 million to renovate 7,098 square feet on the 25th floor of Cleveland’s second-tallest building for a tenant called Citizens — a vote of confidence in downtown Class A office space.
Someone is betting on downtown Cleveland office space.
A $1 million permit has been filed to renovate 7,098 square feet on the 25th floor of 200 Public Square — the 45-story tower that anchors Cleveland’s skyline at the southeast corner of the city’s central green. The permit lists the owner as Joshua Kashanian of Public Square Realty, LLC, and the tenant as “Citizens.”
The scope
The renovation is a full interior remodel: demolition of existing finishes, new wall framing, electrical and lighting systems, plumbing, fire protection modifications, and HVAC upgrades. At $141 per square foot, the buildout cost signals a high-end finish — consistent with the Class A positioning the building has maintained since its 1985 opening as the BP America headquarters.
Why it matters
Downtown Cleveland’s office market has been under pressure since the pandemic, with vacancy rates hovering near historic highs. Every new lease signed in a trophy tower is a data point about the market’s direction. A seven-figure buildout on the 25th floor suggests a multi-year commitment, not a short-term sublease.
200 Public Square (originally known as the Sohio Building, later the BP Tower) is the second-tallest building in Cleveland at 658 feet. It sits directly on Public Square, a block from Terminal Tower and the Huntington Convention Center. The “Citizens” tenant name may refer to Citizens Financial Group, which has been expanding its Ohio commercial banking presence.
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