Data centers are once again stirring heated public debate in Prince William County in Northern Virginia, where the county is studying whether to open new areas for data center development.
Yondr Group has big plans in Northern Virginia. The developer has acquired 270 acres of land, and plans to build 500 megawatts of data center capacity across Loudoun and Prince William counties.
Another major data center cluster is emerging in Northern Virginia near Leesburg, about 10 miles west of Ashburn’s Data Center Alley, where TA Realty has unveiled plans for a 1.5 million square foot data center campus.
The economic value of data centers is boosting land values in Prince William County in Northern Virginia, with one transaction valuing a future data center property at more than $900,000 per acre.
American Real Estate Partners (AREP) is teaming with investor Harrison Street to pursue data center development deals, which will likely extend beyond their first project in Ashburn’s Data Center Alley.
Dominion Energy is developing more renewable energy for its power grid, a welcome development for tech companies seeking more green power for their data centers in Northern Virginia.
American Real Estate Partners (AREP) has teamed with investor Harrison Street to acquire a piece of prime real estate in Ashburn’s “Data Center Alley” where it plans to build a 265,000 square foot data center.
Data center customers leased nearly 700 megawatts of IT capacity in 2020, according to a new report from North American Data Centers. That doubled the prior record from 2018, as the COVID-19 pandemic created extraordinary demand.
Cologix says it has broken ground on a large data center campus in Northern Virginia, commencing construction on a planned 1 million square foot campus in the heart of “Data Center Alley” in Ashburn.
The data center industry is busier than ever. With more new players entering the industry, this has meant lower pricing on large deals in the most competitive markets.