Data center company DataBank Inc. has plans to build a more than 425,000-square-foot facility in the Ellis County community of Red Oak.
According to a filing with the Texas Department of Licensing and Regulation, the Dallas-based company will construct the two-story data center with an office component starting in September.
The project, designed by Mansfield’s JHET Architects, comes with a construction cost of $256 million, according to the filing.
Located along Stainback Road, the project is slated to be completed in the first quarter of 2027.
Red Oak, south of Dallas along Interstate 35 E, has emerged as a data center hub in North Texas with heavyweights like Google and Compass Data Centers announcing large-scale projects in the area.
Data centers bring with them massive business personal property taxes that can be transformative for a community’s tax base, but also demand significant utility usage.
The filing from DataBank follows the company’s April announcement of a $725 million credit facility dedicated toward financing ongoing and future data center construction projects.
DataBank also revealed a $280 million expansion in Plano in December at its project in Legacy Business Park located at 8735 Dominion Parkway.
Last year, the company raised $533 million in debt and equity to fund the construction of new data centers.
Prior to that, it received a $2.2 billion recapitalization led by SwissLife Asset Management.
