Home Real Estate Skybox Building 1M SF Lancaster Data Center
Real Estate

Skybox Building 1M SF Lancaster Data Center


While data centers typically don’t carry too many employees once the building is constructed and the computers are installed, they do require a big investment to build. Google, for example, is spending $600 million on a facility in Red Oak. While 1,200 may be needed to build the facility, only 30 will be required to man it once it’s open. For the local communities, the property tax bill is hefty.

Dallas-based Skybox Datacenters LLC plans to build a one million-square-foot data center in Lancaster, south of Dallas. PowerCampus Dallas will provide up to 300 megawatts of power and is a partnership with Dallas developer Bandera Ventures and Principal Asset Management.

The Dallas Morning News reports the data center will be on 100 acres near I-35E at South Dallas Avenue and Old Red Oak Road.

Skybox, founded in 2014, has ten active projects, including a 221-acre facility it’s building with Prologis Inc. in Austin.



Source link

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Real Estate

Memphis Dermon Building Converting to 150-Room Hotel

The Dermon Building in Memphis was built 99 years ago, designed as...

Real Estate

Developer Duo Secures $120M Refi for Charleston Harbor Rental Community

Woodfield Investments and Argosy Real Estate Partners have secured $120 million to...

Real Estate

Bonita Springs Site for 252-Unit Apartment Community

Madison Communities and Heitman have closed a $44 million construction loan for...

Real Estate

$21.5M Loan for Tacoma Apartments Secured by Berkadia

Berkadia has secured financing for the acquisition of The Duo Apartments, a...