News
Data Center General

Allen To Get 87k SF Data Center

Compass Datacenters will break ground in December on a 87k SF data center just north of Allen Premium Outlets. Compass is building the unnamed center on behalf of TierPoint for a single tenant user.
Photo credit: Courtesy of Compass Datacenters

Compass Datacenters will break ground in December on an 87k SF data center just north of Allen Premium Outlets. Compass is building the data center on behalf of TierPoint.

If the company meets benchmark levels of employment and taxable values, the project will receive a 50% city tax abatement for 10 years. The City of Allen expects to collect more than $8M in tax revenue during the data center’s first 10 years of operation.

Allen City Council rezoned the property last week to accommodate on-site electricity generation. Allen has sought data centers for many years, according to Allen EDC CEO Dan Bowman.

Learn more about data centers at Bisnow's all-day data center conference, Nov. 10 at Dallas's Infomart.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Dallas-Fort Worth Newsletters
Related Stories

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Wall Street Impatient For Big Tech Returns On Data Center Spending

KKR-Affiliated Data Center Developer CyrusOne Names New CEO

Montgomery County Approves 18-Month Data Center Moratorium

Largest U.S. Grid Operator Scrambles For Power, Warns Of Data Center Outages

DFW Office Footprints Likely To Shrink As AI Use Increases And Companies Battle For Talent

New Rules Power Back Up Ireland's Data Centre Market At Last

'WeWork 2.0': Booming AI Startups Concern Some Data Center Execs

Jerry Jones Sells Frisco Office Tower To Hobbs Brook: The DFW Deal Sheet

What Charlotte Wants To Learn During Its 150-Day Moratorium On New Data Centers

OpenAI Targets Savannah For $20B Data Center

Data Center Operator To Go Public Via SPAC Merger At $4B Valuation