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May 7, 2018

Remington data center developer picks partners

The Remington Technology Center will include as many as six data centers.
Our partners rank among the most capable, technologically advanced, and financially secure development organizations in the world.
— PointOne Development Chairman Keith Frieser
By .(JavaScript must be enabled to view this email address)
Staff Journalist
Five partner firms will help an Alberta, Canada-based company finance, construct and maintain the planned complex of six data centers just northeast of Remington.

PointOne Developments Ltd. last week announced the members of a new real estate branch that “specializes” in the development of “hyper-scale data center campuses” — including the Remington Technology Park along Lucky Hill Road — that will be designed to “meet the growing demands of the cloud-based technology market.”

PointOne’s partners include:

Black & Veatch, an Overland Park, Kan.-based consulting firm that specializes in the development of energy, water and telecommunications infrastructure.

Critical Project Services, a Sterling-based consulting firm that serves energy industries.

NRG Energy, a Houston-based energy company.

Diode Ventures, a Black & Veatch company also based in Overland Park that helps clients identify purchasing and/or leasing opportunities.

Enfinite Capital, an Overland Park-based “investment and asset management firm” that specializes “in renewable energy, infrastructure, and real estate assets.”

“Our partners rank among the most capable, technologically advanced and financially secure development organizations in the world,” PointOne Development Chairman Keith Frieser said in the May 1 press release. “We are pleased and honored to join forces with them to deploy next generation hyper-scale data center campuses designed to support cloud-based technology companies.”

Fauquier’s board of supervisors in March unanimously approved Point One Holdings Inc.’s request to rezone 234 acres from residential to business park to construct six data center structures.

PointOne Development Corp. later this year hopes to break ground on The Remington Technology Park.

It could be the largest economic development project in Fauquier’s history.

The project calls for 1.5 million to 1.8 million square feet of space under roof and an onsite electrical substation.

The first building — probably 240,000 square feet — could be completed in mid- to late-2019, Point One Holdings Inc. Vice President Colin Clish said in an April interview.

The centers should create 120 to 180 high-paying, full-time jobs and up to 200 full-time equivalent construction jobs, according to the company.

It has projected a five- to seven-year build-out for the data center.

Though customer-driven, “we think that’s conservative,” Mr. Clish said of the construction schedule.

PointOne’s real estate development company has a 307-acre data center campus project near Edmonton, Canada.

It also has “investment partners and secured funding for data center development and related investments up to $7.5 billion” and “is moving quickly to evaluate additional properties capable of supporting campus designs requiring” 150 to 300 megawatts of power, according to the press release.

The company continues to consider sites in Quincy, Wash; Chicago, Ill., Fort Collins, Colo; Kansas City, Mo., Australia, Ireland and Dubai.
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