Associated tags: City, Data center, Water, Economic development, Microsoft, Tract, Partner (business rank), Renewable energy
Locations: DENVER, CO, US, COLORADO, UNITED STATES, VIRGINIA
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Renewable energy DENVER, CO, May 08, 2024 (GLOBE NEWSWIRE) -- Tract , the trusted partner for planning responsible technology infrastructure, today announced the acquisition of 1,200 acres in Hanover County, VA. Zoning and entitlements for the site were approved unanimously by both the Hanover County Planning Commission and Board of Supervisors earlier this year.
Key Points:
- DENVER, CO, May 08, 2024 (GLOBE NEWSWIRE) -- Tract , the trusted partner for planning responsible technology infrastructure, today announced the acquisition of 1,200 acres in Hanover County, VA. Zoning and entitlements for the site were approved unanimously by both the Hanover County Planning Commission and Board of Supervisors earlier this year.
- At full build, Tract’s Hanover Technology Park will support up to 2.4 GW of power capacity with Tract targeting site energization in 2028.
- “Tract took a proactive and cooperative approach throughout the rezoning process,” said John Budesky, Hanover County Administrator.
- Tract currently owns or is under contract on more than 20,000 acres across the United States which are in various stages of rezoning, design and horizontal construction.
The new office will serve as its headquarters, with the initial lease period extending through 2031 and tenant improvement projects commencing immediately.
Key Points:
- The new office will serve as its headquarters, with the initial lease period extending through 2031 and tenant improvement projects commencing immediately.
- The new office anchors Tract to Colorado and will provide a long-term home for the company’s rapidly growing employee base.
- Tract has expanded its national team to over 50 employees working on development projects spanning 10 states.
- "We have rapidly outgrown our initial footprint in Cherry Creek and expect significant further hiring over the coming years," said Grant van Rooyen, CEO of Tract.
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Wednesday, February 7, 2024
DENVER, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Tract , a developer of master-planned data center parks, announced the acquisition of an additional 517 acres inside the Tahoe-Reno Industrial Center (TRIC) in Storey County, NV, through an operating entity.
Key Points:
- DENVER, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Tract , a developer of master-planned data center parks, announced the acquisition of an additional 517 acres inside the Tahoe-Reno Industrial Center (TRIC) in Storey County, NV, through an operating entity.
- The partially graded site is adjacent to the company’s previously announced 686 acres along Peru Drive, expanding its footprint in the heart of TRIC to support the rapid growth of data centers in the Reno/Sparks market.
- The parcel was acquired with existing improvements begun prior to the transaction.
- Water and sewer infrastructure connecting to the TRI General Improvement District (TRIGID) are already adjacent to the site.
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Management Nat Sahlstrom has joined as Chief Energy Officer, complementing the recent addition of Jeff Cox as Chief Innovation Officer.
Key Points:
- Nat Sahlstrom has joined as Chief Energy Officer, complementing the recent addition of Jeff Cox as Chief Innovation Officer.
- Tract is dedicated to innovating new development models to meet the needs of hyperscale data centers by providing speed and certainty for campuses at tomorrow’s scale.
- Nat has been a leader and innovator in the data center energy infrastructure space since joining Amazon in 2011 as the company's first energy hire.
- At Tract, Jeff will be responsible for translating the evolution of data center designs and requirements to infrastructure and site selection decisions.
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Wednesday, January 31, 2024
Todd Stockard has been appointed Tract’s new CFO and Mary Lynn Eubanks has joined as the Head of Capital Formation.
Key Points:
- Todd Stockard has been appointed Tract’s new CFO and Mary Lynn Eubanks has joined as the Head of Capital Formation.
- Todd and Mary Lynn join a high performing team with a long and successful operating history building digital infrastructure businesses.
- “Todd and Mary Lynn are experienced professionals, who will give us incremental operating leverage across our finance and capital formation functions.”
Todd Stockard is Tract’s new Chief Financial Officer.
- Todd will lead all aspects of Tract’s financial functions, including corporate finance, accounting, treasury, capital markets, and financial planning & analysis.
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Thursday, January 18, 2024
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Overlay DENVER, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Tract , a developer of master-planned data center parks, today announced that it has completed the acquisition of more than 668 acres of land in Eagle Mountain, UT.
Key Points:
- DENVER, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Tract , a developer of master-planned data center parks, today announced that it has completed the acquisition of more than 668 acres of land in Eagle Mountain, UT.
- To enable speed and certainty for initial development on the site, Tract is working with Rocky Mountain Power to deliver more than 400 megawatts via new transmission infrastructure by 2028.
- “Building on Utah’s data center sales tax exemption and low power rates, Eagle Mountain has distinguished itself through thoughtful planning and having sufficient contiguous land to meet the campus needs of tomorrow.
- “Resource-conscious data center expansion can help ensure economic prosperity for the State of Utah, today and in the future.”
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Tuesday, January 23, 2024
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Renewable energy Given the scale of data center demand, matching it to renewable projects earlier in the development process improves certainty and stability for the entire system.
Key Points:
- Given the scale of data center demand, matching it to renewable projects earlier in the development process improves certainty and stability for the entire system.
- Silicon Ranch and Tract each bring unique capabilities and a shared vision to solve this challenge.
- “Silicon Ranch has deep experience supporting hyperscale data centers, with more than 2.5 gigawatts under contract with this important customer segment.
- With Silicon Ranch, we found a partner to build thought leadership and we look forward to collaborating with them in Nevada, Utah and beyond.”
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Tract The total acreage is comprised of two areas commonly referred to as the Peru Shelf and South Valley.
Key Points:
- The total acreage is comprised of two areas commonly referred to as the Peru Shelf and South Valley.
- In addition to the land, Tract also controls over 1,100 acre feet of water rights and has commitments from NV Energy to deliver over two gigawatts of power, beginning in 2026.
- Tract has engaged with NV Energy to develop a long-term plan to bring over two gigawatts of electricity to the two Tract sites.
- “We appreciate the relationships we have built with NV Energy, Storey County, TRI and the State of Nevada.
