RED OAK, Texas — This article was originally published by our content partners at the Dallas Business Journal. You can read the original article here.
Another data center will pop up in North Texas – this time in a city south of Dallas.
DataBank Holdings Ltd. has secured 292 acres of land in Red Oak for a 480-megawatt data center campus.
Red Oak Campus will be comprised of eight, two-story data centers, each 425,000 square feet apiece. In total, the campus will span 3.4 million square feet.
Phase 1 of the site will feature four buildings and a 400-megawatt substation from Dallas-based Oncor. Construction has already begun and is expected to complete in the second quarter of 2026, according a Sept. 10 announcement.
The Red Oak Campus follows DataBank’s October 2023 acquisition of a 95-acre campus in Atlanta and an 85-acre campus in Northern Virginia in November 2023. The three acquisitions will add more than 450 acres, 5.8 million square feet and 792 megawatts of power to DataBank’s portfolio – more than doubling its current stats.
With DataBank’s streak of fundraising to secure land for centers, CEO Raul Martynek considers the Dallas area “one of the most attractive, long term and permanent data center markets in the United States.”
In April, the Dallas-based cloud computing company locked in up to $725 million in debt financing to continue its data center building spree. It also has a multi-story data center in the works in Plano.
The fast-developing and widespread interest in artificial intelligence is fueling the demand for bigger and more powerful data centers. In addition to DataBank’s data centers, other cloud computing companies are also eyeing land in Dallas-Fort Worth, which now accounts for about one-tenth of the primary U.S. data center market, second to Northern Virginia.
DataBank was recognized as a 2024 Inc. 5000 company, generating a 206% growth over three years.
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