It's the happy intersection of Real Estate and Technology with a new name PropTech.SkyBridge is another investment portfolio.
And, of course, after the Apple Data Center (to be powered with 100% renewable energy) landed here, it's a good thing SRP can supply 286MW for all these new ones
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PropTech can broadly be defined into three sub-categories, classified by the service it provides
Real Estate Fintech
Real Estate Fintech refers to software and platforms that enable or aid the process of real estate transactions. The sector has grown to include a variety of different services, that include purely researching and gathering information about real estate all the way to executing real estate transactions.
Shared Economy
Shared economy is a separate industry in its own right, but has been an extremely important part in the real estate sector, with prime examples like Airbnb and HomeAway.
Companies in this sector entail:
• Short term housing rental, co-living and hospitality
• Shared workspace and co-working
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The status quo of the PropTech industry
Since 2013, there has been a surge in both the number and size of the deals in the PropTech sector, with the total funding size having increased from $450m to nearly $3bn in a period of 4 years.
medium.com
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Blogger's Note: Coincidentally, your MesaZona blogger made it a point to attend a Meeting in the City of Mesa's Saguaro Room with Planning Director John Wesley where approval of a not-so-minor Site Plan Review was held for another development of a data center campus on 67 acres located south of Elliot Road on the 3900-4200 blocks of South Signal Butte Road . . . Typically all these data centers use both a great amount of water and electricity.
Please notice that nowhere in all these media announcements are good jobs mentioned.
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Land was acquired back in February
Published on Mar 8, 2018
Views: 92
The groundbreaking of a new 180,000 sq. ft. facility was held on March, 7, 2018 in the Elliot Road Technology Corridor.
www.Edgecore.com
www.Edgecore.com
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Here's the latest from Arizona Governor Doug Ducey published on AZ Big Media 02.08.18
EdgeCore breaks ground in Mesa on state-of-the-art data center
Real Estate | 17 hours ago | AZRE
A groundbreaking ceremony has been held for EdgeCore Internet Real Estate’s Mesa Data Center Campus, 13303 S. Ellsworth Road. The 180,000-square-foot building will help EdgeCore offer cloud-connected data center solutions to the world’s most demanding customers.
“We’re thrilled that EdgeCore has selected Mesa, Arizona as the site for its first North American data center campus,” Governor Doug Ducey said. “We’re focused on making sure Arizona remains the ideal place for technology companies to succeed over the long-term, and this impressive project shows we’re achieving that mission. I thank EdgeCore for their commitment to our state.”
When it is eventually built out, the Mesa Data Center Campus will have seven buildings totaling more than 1.25 million square feet.
. . . from the Mayor’s office and City Council through the Departments of Planning and Engineering, the City has been a true partner in supporting EdgeCore’s investment, and as such building value for the City’s residents.”
. . . from the Mayor’s office and City Council through the Departments of Planning and Engineering, the City has been a true partner in supporting EdgeCore’s investment, and as such building value for the City’s residents.”
The company is investing more than $150 million on its first data center and a commensurate additional investment from its customers of $300 million. Upon full build out, the total combined investment is estimated to exceed $2 billion for EdgeCore and its customers. The first building at the EdgeCore campus is scheduled to open in late 2018.
“The new EdgeCore co-location data center will be a great addition to the Elliot Road Technology Corridor, and serve a growing demand of customers,” Greater Phoenix Economic Council (GPEC) President & CEO Chris Camacho said . .
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A new data center development is coming to Mesa in the Elliot Road Tech Corridor on 150 acres of land once slated to become a regional shopping and employment center.
EdgeConneX, a global technology company headquartered in Herndon, Virginia, plans to build a data center on over 150 acres of land on Elliot Road just west of Loop 202 that it owns through an entity called Loop 202 & Elliot Road LLC.
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Prior to EdgeConnex’ $40M acquisition of the land, the parcel was designated to be the site of Gateway Super Regional Center, a planned retail and employment hub for East Mesa. Those plans date back to 2007 when Mesa signed a development agreement with NKS Group III Limited Partnership to build the center.
Those plans fell through, however, and the land sat dormant for years. . . In November, the city of Mesa agreed to a development agreement with Loop 202 & Elliot Road Parcel #2 LLC – an entity operated by EdgeConneX CEO Randy Brouckman and COO Edmund Wilson – concerning over 121 acres of the property.
The city previously agreed to a similar development agreement with Loop 202 & Elliot Road LLC in September concerning another 48 acres owned by EdgeConneX.
The project is the most recent win for Mesa’s still-developing Elliot Road Technology Corridor and the first major development for the area since it attracted a data center from DuPont Fabros and bottling plant from Niagara Bottling last summer.
EdgeCore Launches, Plans $2 Billion in Data Center DevelopmentEdgeCore Internet Real Estate launched today, and outlined ambitious plans to build large data center campuses in six North American markets. The new company is led by former CoreSite CEO and Tom Ray, and its lead financial backer is GIC, the sovereign wealth fund for the government of Singapore.
GIC’s financial partners include Denver-based Mount Elbert Capital Partners and OPTrust, one of Canada’s largest pension funds. Mount Elbert is led by Ray, who will be the chairman and CEO of EdgeCore.
EdgeCore has already acquired land in Mesa, Arizona for its first data center campus in the Elliot Road Technology Corridor, with an on-site SRP substation designed to deliver 280 MW of utility power. The campus will support 225 MW of critical load across 1.25 million square feet of data centers.
Construction on EdgeCore’s Mesa Campus will commence in Q1 of 2018 with substantial completion of the initial capacity in Q4 of 2018.
The data center industry has historically had a high barrier to entry, requiring significant capital and experience to succeed. The entrance of EdgeCore illustrates how the success and maturity of the data center industry is changing the equation. Leading operators have delivered strong financial performance, attracting new investors from around the globe. The availability of experienced executive teams creates the potential for new entrants to have game-changing impact.
“As a long-term value investor, we believe the secular growth in data consumption and public cloud usage will generate attractive returns in the data center sector,” said Lee Kok Sun, Chief Investment Officer of GIC Real Estate. . . "
READ MORE > Source: Data Center Frontier 14 Feb 2018
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