atlanta real estate news tagged interest

Strategic Real Estate Partners is planning a 2.1 million-square-foot data center in Palmetto, Georgia. The project is expected to span 320 acres of land at 300 Johnson Circle in Coweta County. Developers are predicting a cost of $1 billion and believe build-out could take 15 years, finishing in 2036. The development, called Project Peach, will include eight data center buildings. The project is expected to kick off $3 million in tax revenue.

Project Peach will be located just four miles from Microsoft’s $500 million Azure data center campus. The area’s data center capacity has increased 76% since the beginning of the year. The region is slated to take the second position in the nation for data center development, following northern Virginia.

State lawmakers, leery of the amount of energy and water the facilities use, passed a law putting the brakes on future projects, but Governor Brian Kemp vetoed the legislation.