[5] Shaker Square, continues to be known as one of Cleveland's most notable neighborhoods, in terms of shopping, dining, architecture, the education of its residents, participation in civic life, diversity, and quality of living.

[6][7] Buckeye–Shaker is bordered by the neighborhoods of Woodland Hills on its west, Mount Pleasant to the south, University Circle to the north, and the suburb of Shaker Heights to the east.

The historic American Colonial-Georgian shopping center, which was largely influenced by European town squares, was built between 1927 and 1929 by the Van Sweringen brothers.

Four large buildings around the perimeter of the grass lawns make up the second planned shopping center in the United States, after Country Club Plaza in Kansas City.

They were designed in a Neo-Georgian style by Phillip Small and Charles Bacon Rowley, and together form an octagonal area that is said to have been inspired by the eight-sided plaza at the center of the Amalienborg Palace in Copenhagen, Denmark.

Near the square are more than 4,000 units of rental and condominium apartments (the largest concentration of multi-family housing in Cleveland), townhouses, and many private homes.