New JLL Data Centre Site Designed to Bolster AI Workloads
Global real estate company JLL announces its new data centre proposal on the STAMP site in Genesee County, New York, has been unanimously given approval.
Referred to as ‘Project Hydroscale’, the data centre complex expansion will see a new data centre campus at the Science, Technology, and Advanced Manufacturing Park (STAMP) site. Project Hydroscale will see the development of a 45-acre campus with two 450,000 square feet data centres, which will each be two stories high.
The development is also expected to create roughly 60 full-time jobs upon its completion, with the data centres most likely being leased to clients for a 20-year term to develop artificial intelligence (AI).
Although approved, the project has not come without scrutiny - notably from PRP Real Estate Investment of Washington DC who are looking to build a ârivalâ data centre, who have argued that the JLL development is being âunfairly favouredâ.
It has been estimated that Project Hydroscale will cost US$3.8bn.
Data centre commitments from JLL
Headquartered in Chicago, JLL is eager to use technology to shape the future, particularly when it comes to data centre development. The company offers advice and construction management services to businesses, in addition to helping data centres achieve net zero carbon, emissions and waste with sustainability programmes.
The real estate company has been tracking a global shift in data centre technological developments, suggesting in its EMEA data centre report earlier this year that 2023 saw a 16% increase in data centre supply across key European markets alone.
âIn a world increasingly fuelled by the internet, data and AI, demand will continue to rise for real estate to make it all happen,â said Tom Glover, Head of Data Centre Transactions, EMEA at JLL.
“We saw record levels of take up, demand and preleasing for data centres in 2023, and expect 2024 to be another staggering year for activity in the sector.”
Likewise, the data centre market across the US is booming, with the nation still boasting the most data centre facilities of any country in the world. As a result, its data centre revenue is expected to reach US$99.16bn in 2024.
The country is the single largest region for connectivity and cloud in the world, leading plenty of technology-led companies continuing to invest in local data centre developments, or scaling up their offerings to meet rising demand.
The impact of AI-led data centres
The STAMP site where JLL intends to build currently has two major private projects under development. As reported by Data Center Dynamics, these developments from Plug Power and Edwards Vacuum are designed to support large-scale high-tech industries.
It is believed that JLL will ultimately lease its new campus to businesses who are eager to use AI to bolster their workloads. This is timely, given disruptive technologies like AI and the Internet of Things (IoT) are inspiring the growth of technological developments like edge IT infrastructure.
JLL even found that the global edge data centre market will reach US$317bn by 2026. This represents a 107% growth from the 2020 market, which was valued at US$153bn at the time.
AI data centres are a hot topic at the moment, given that the facilities use large levels of power and energy in order to run. The integration of AI in data centres is revolutionising how facilities operate, from providing unprecedented efficiency to maximising security and transforming scalability.
The impact of this new development at STAMP cannot be understated. With JLL eager to continue its investments across the US, it is hoped that the digital demands of customers will be met.
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