City Lane, an actual property funding administration agency, and PowerHouse Knowledge Facilities (PowerHouse), an actual property developer and proprietor of hyperscale information facilities, introduced the finished buy of 122 acres in Charlotte, North Carolina, by means of a three way partnership partnership between the 2 corporations. The location would be the future house of PowerHouse Charlotte, a five-building, 2.5 million-square-foot information middle campus providing 300 MW of secured energy, with the potential to extend to 500 MW, by April 2027, in response to a joint assertion launched by the businesses final week.
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PowerHouse Charlotte Campus
City Lane commented, “We recognise the continuing demand for digital infrastructure, and Charlotte has emerged as a compelling information middle market given its entry to renewable energy and connectivity. This is the reason we’re excited to accomplice with an skilled developer like PowerHouse, which has confirmed technical and energy procurement capabilities, to develop this website.”
PowerHouse President and Co-founder added, “Our deep actual property relationships are foundational to PowerHouse’s success and instrumental in our means to reshape the info middle growth panorama. We have now super respect for City Lane and are thrilled to collaborate on our first challenge collectively.”
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Location and Energy Infrastructure
Positioned lower than 10 miles from downtown Charlotte, the positioning provides connectivity by way of I-485 and Freeway 49. It’ll initially entry 15 MW of bridging energy by This fall 2026, given its proximity to an adjoining substation, with plans for a brand new substation in collaboration with Duke Power, delivering as much as 500 MW of energy, over 50 p.c of which can come from renewable sources.
“The location is ideally situated with near-term energy already secured, providing unparalleled alternative, connectivity, and entry to carbon-free energy,” PowerHouse added.
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PowerHouse Knowledge Facilities
PowerHouse Knowledge Facilities, an entirely owned division of American Actual Property Companions (AREP), is a developer and proprietor of knowledge facilities, offering technical actual property options for hyperscalers throughout the nation. In line with the official launch, the corporate has 30 buildings at the moment in planning or underway, representing over 2.3 GW of energy in six main US markets.
