Colorado Data Center Real Estate Market Update

Colorado continues to see tremendous data center activity. HP recently announced the opening of new 50,000 sq ft facility that will serve as a working data center, in addition to a research facility to test the most efficient and sustainable approaches to data center operations. Colorado was chosen by HP for its climate which enables data centers to use economizers for over 7500 hours per year. The Vineyard Data Center Park is a shovel ready, 108 acre site that features sustainable attributes such as grey water and a renewable energy plant. The project was approved as an urban renewal zone on March 25 which will allow the developer to use tax increment financing (TIF) to pay for public improvements including: a second power source to the park, telecom infrastructure, roads, storm water, sewer, amongst others. The site also qualifies and an enterprise zone, which allows for tax credits on capitalized equipment. Fortrust is expanding its Denver facility by 33,000 sq ft, bringing the total white space to 80,000 sq ft. Fortrust conducted a “design competition with the goal of maximizing power and reducing PUE. Fortrust ended up selecting Haselden Construction, The RMH Group, Ivins Design, Sturgeon Electric and RK Mechanical as the winning team.

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