May 08, 2026 | Posted by Abdul-Rahman Oladimeji
Private credit firm Lakeland Equity Group has filed plans for a $1.6 billion data center project in Cleveland, Ohio. The proposal outlines a 150MW campus on a 35-acre site at 3560 E 55th St, currently owned by trucking company Morabito Enterprises. The development could include three two-story buildings totaling approximately 300,000 square feet (27,870 sqm), according to local outlet NEOtrans.
However, the project could face delays if the Cleveland City Council moves forward with a proposed one-year moratorium on new data center developments, an idea introduced by a council member in April, according to News 5 Cleveland. The proposed moratorium has not yet been reviewed by local authorities. Lakeland also told News 5 Cleveland that the planned data center would utilize closed-loop cooling technology, generate no smoke or fumes, and create no truck traffic. The company added that it intends to work closely with local stakeholders throughout the development process.
Lakeland Equity Group says it focuses on projects requiring funding to cover equity shortfalls, typically ranging between $1 million and $10 million. However, limited public information is available about the firm. Cleveland, located in northeastern Ohio along the southern shore of Lake Erie, is home to a growing number of data centers. While most of Ohio’s data center activity is concentrated around Columbus, Cleveland also hosts a notable presence in the sector.
