Consultants Forum Advertise
Subscribe
Close

  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Subscribe Now
Renew

Area Development - Site Selection, Facility Planning and Workforce Development

PowerHouse Data Centers Plans Irving Texas, Operations

05/21/2024
Investment management firm Harrison Street and PowerHouse Data Centers plan to establish data center operations in Irving-Las Colinas, Texas.

The approximately one million square foot campus will deliver 200 MW of power and feature three powered shell data centers totaling over 946,000 square feet, with a total power load of 67 MW per building. Construction is scheduled to begin in early 2025.

"Location, speed to market, and power performance are critical to everything we do. Irving-Las Colinas has developed into a hugely important connectivity hub with major financial influence, and is an integral part of the Dallas market which has the fourth-largest concentration of Fortune 500 companies in the nation and the 20th largest economy in the world," said PowerHouse CEO & Founder Doug Fleit. "We are excited to deliver the first of several planned projects to serve one of the most dynamic data center markets in the world —and provide first-rate connectivity solutions for hyperscale customers."

Harrison Street is an investment management firm exclusively focused on alternative real assets. The company has invested across senior housing, student housing, healthcare delivery, life sciences and storage real estate as well as social and utility infrastructure.

"Dallas is an established data center market that is seeing significant growth and serves as a major hyperscale compute cluster for the central region," noted Michael Hochanadel, Managing Director & Head of Digital at Harrison Street. "We are leveraging our valued partnership with PowerHouse to deliver much-needed capacity to this high growth area, meeting escalating demand-driven cloud, AI, and other use cases."

PowerHouse is a real-estate solutions provider delivering BTS shell and full turnkey deployments at scale.

"On behalf of our member-investors and board of directors, we are excited to welcome PowerHouse home to our community," added Beth A. Bowman, President & CEO of the Irving-Las Colinas Chamber of Commerce and Irving Economic Development Partnership. "CBRE recently confirmed Dallas-Fort Worth as the second largest market for data centers in the U.S. This is no surprise, as Irving continues to attract world-class data infrastructure projects, the backbone of the digital economy. Our unmatched local and global connectivity, central geographic location, quality of life, and pro-business mindset offer data center companies the opportunity to grow their presence right here in Irving-Las Colinas"

The PowerHouse Harrison Street joint venture currently operates three campus developments completed or underway in Northern Virginia, with an executed lease, pre-lease, or LOI for 100% of the buildable square feet.

Exclusive Research