One of Dallas’ biggest buildings is about to have a $180 million addition.
Data center giant Equinix announced plans for a 211,000-square-foot expansion of the iconic Infomart building at 1990 North Stemmons Freeway, the Dallas Morning News reported.
The California-based company bought the building for a record-breaking $800 million in 2018. Equinix, whose CEO is Charles Meyers, completed a $140 million expansion of the Infomart in 2020, bringing its total investment at the site to more than $1.1 billion, the outlet said.
Additions to the property will include a four-story office and a four-story data center, planning documents show. Equinix owns at least eight other data centers in North Texas.
The Infomart was built in the 1980s, developed by the Trammell Crow Company, and originally comprised 1.6 million square feet before expansions.
The Dallas-Fort Worth region continues to serve as a hub for tech and data centers, attracting businesses from all over. DFW had 2.2 million square feet of such projects in the pipeline by the end of last year, the outlet reported. Buildings centered around data centers had a reported vacancy rate of less than 4 percent.
DFW isn’t the only part of Texas seeing massive tech projects. Microsoft recently announced plans for a $176 million, 153,000-square-foot data center at the Texas Research Park in San Antonio.
Near Austin, Facebook parent company Meta has a $800 million, 900,000-square-foot data center in the works, and Las Vegas-based Switch is building a 1.5 million-square-foot data center on the campus of Dell Technologies in Round Rock, a suburb north of Austin.
—Quinn Donoghue
Read more
Commercial
Texas
Microsoft plans $176M data center in S.A.
Residential
Dallas
Larkspur to start $160M apartments in Dallas
Development
Chicago
Sykes owners file lawsuit against city, Scott Goodman