Real Estate News – NEOtrans

Part 1: East Side to host ‘Cleveland’s largest-ever industrial redevelopment’

Ken Prendergast / May 8, 2026

Parts of Cleveland’s East Side offer scenes right out of a post-apocalyptic action movie. Actually, a pre-apocalyptic action movie — the opening scenes of the 2012 movie The Avengers — was filmed here. Another story will begin here next week when local and state leaders join Mayor Justin Bibb in making what he calls “an historic announcement.”

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More details emerge on Cleveland data center

Ken Prendergast / May 7, 2026

A 150-megawatt, $1.6 billion data center planned for Cleveland’s Slavic Village is in a race to get its plans approved before City Council can pass a moratorium on building more data centers in Cleveland, according to sources familiar with the project.

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Cosm, Belle Oaks get Port financing

Ken Prendergast / May 7, 2026

The Port of Cleveland’s Board of Directors today approved major development finance initiatives that will support transformative projects across Northeast Ohio, reinforcing the region’s continued momentum in housing, entertainment, infrastructure, and public service investment.

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Library to join another mixed-use project

Ken Prendergast / May 7, 2026

Cleveland Public Library (CPL) will open a new satellite location in the city’s AsiaTown neighborhood in a couple of years, at the Mingyue Place apartment complex, according to community officials. If that apartment complex’s name doesn’t ring a bell, it’s because it doesn’t exist yet.

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$1.6B data center planned in Cleveland

Ken Prendergast / May 6, 2026

Set between Cleveland’s Slavic Village and the industrial valley in the coming years could be the city’s largest-ever data center. While at this early stage, it has generated many questions, its backers say the large site and nearby presence of industrial-scale electrical power and water resources should answer many of those questions.

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More than tortillas are rising on W. 65th

Ken Prendergast / May 5, 2026

Along the southern portion of West 65th Street in Cleveland’s Stockyards neighborhood, a new round of private investment is set to reactivate the area with jobs and shopping activity — just as city officials had hoped years ago.

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City green-lining investment in East Side

Ken Prendergast / May 3, 2026

An expanded tax base is a result of economic development. On that score, Cleveland’s near-East Side doesn’t produce much in the way of tax revenue while its old infrastructure, city services and social programs are in need of lots of resources. So the city is going to do something to equalize that imbalance.

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New housing for Central neighborhood

Ian McDaniel / May 2, 2026

Olde Cedar Phase 1 seeks planning OK The Cleveland Metropolitan Housing Authority (CMHA) sought to kick off the first phase of redeveloping Olde Cedar in the Central neighborhood with a visit to the Cleveland City Planning Commission on Friday. And with it, they said they hoped to revitalize a former housing development-turned vacant lot with

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Clinic’s big new lab on Opportunity Corridor

Ken Prendergast / May 1, 2026

A sale closed this week for the largest property acquired among many needed to accommodate a proposed, significant laboratory-research facility sought by the Cleveland Clinic and other project partners. It is but one piece of a major expansion of facilities by the Clinic that NEOtrans first reported last month.

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New construction, renovations foster Superior walkability

Harrison Whittaker / May 1, 2026

As soon as this summer, one of Cleveland’s most prominent streets could see a bike- and pedestrian-friendly overhaul with construction of the Superior Midway. But walkable neighborhoods need destinations — and several developments are creating just that.

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