{"id":1004177557,"date":"2017-05-19T08:48:32","date_gmt":"2017-05-19T16:48:32","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004177557"},"modified":"2022-12-09T02:14:22","modified_gmt":"2022-12-09T10:14:22","slug":"us-bank-breaks-ground-on-250m-minneapolis-data-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/us-bank-breaks-ground-on-250m-minneapolis-data-center\/","title":{"rendered":"US Bank Breaks Ground on $250M Minneapolis Data Center"},"content":{"rendered":"<p>By Roxana Baiceanu<\/p>\n<div id=\"attachment_1004177567\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Rob-Kennedy1.png\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004177567\" data-attachment-id=\"1004177567\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/us-bank-breaks-ground-on-250m-minneapolis-data-center\/rob-kennedy-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Rob-Kennedy1.png\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Rob Kennedy, Co-Managing Partner with Stream Data Centers\" data-image-description=\"&lt;p&gt;Rob Kennedy, Co-Managing Partner with Stream Data Centers&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Rob Kennedy, Co-Managing Partner with Stream Data Centers&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Rob-Kennedy1.png?w=800\" loading=\"lazy\" class=\"wp-image-1004177567 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Rob-Kennedy1.png\" alt=\"Rob Kennedy, Co-Managing Partner with Stream Data Centers\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Rob-Kennedy1.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Rob-Kennedy1.png?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Rob-Kennedy1.png?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004177567\" class=\"wp-caption-text\">Rob Kennedy, co-managing partner with Stream Data Centers<\/p><\/div>\n<p>Stream Data Centers agreed to lead the construction work at the latest U.S. Bank data center located in Chaska, Minn. The single-story, 56,000-square-foot facility\u00a0is expected to cost $250 million to build, and should be operational by the end of this year.<\/p>\n<p>Upon completion, the center will incorporate two separate substations designed to support 2.4 MW of IT data load. The concept for the data center\u00a0combines structurally enhanced buildings, independent infrastructure and high-quality operations.<\/p>\n<p>\u201c<em>The Twin Cities are rapidly becoming a major national data center market,<\/em>\u201d said Rob Kennedy, co-managing partner of Stream, in prepared remarks. \u201c<em>This new facility demonstrates the strength of a talented local workforce, robust incentives, available power and growing connectivity.<\/em>\u201d<\/p>\n<p>Chaska is a submarket of Minneapolis, located fewer\u00a0than 30 miles away from the city&#8217;s downtown area. It is considered to be a hotbed for data centers, having attracted several projects in recent years due to its private electric utility, fiber-optic connectivity and local incentives.<\/p>\n<p>At the end of last year, city officials announced the approval of a tax abatement of approximately $550,000 during the next 20 years to support U.S. Bank\u2019s project. These same officials are currently working to attract an additional grant of $250,000 for improvements at the electric substation that serves the center.<\/p>\n<p>Minnesota\u2019s largest company, UnitedHealth Group, opened a data center directly across\u00a0from where U.S. Bank will operate its own.<\/p>\n<p>In February, Stream also broke ground on its 10th project in Texas\u2014a ready-to-fit <a href=\"https:\/\/www.commercialsearch.com\/news\/stream-breaks-ground-on-10th-data-center-in-texas\/\">data center in Plano, Tex.<\/a><\/p>\n<p><em>Image courtesy of Stream Data Centers<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stream Data Centers was tapped to develop the 56,000 square-foot-building by the end of this year. Upon completion, the center will incorporate two utility feeds from two separate substations designed to support 2.4MW of IT data load. <\/p>\n","protected":false},"author":1064,"featured_media":1004177567,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21755,21782,13,36076,21742],"tags":[35665,33232,33231,35666],"class_list":["post-1004177557","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-data-centers","category-development","category-midwest","category-minneapolis-st-paul","category-latest","tag-rob-kennedy","tag-stream-data-centers","tag-u-s-bank","tag-unitedhealth-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>US Bank Breaks Ground on $250M Minneapolis Data Center - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/us-bank-breaks-ground-on-250m-minneapolis-data-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US Bank Breaks Ground on $250M Minneapolis Data Center\" \/>\n<meta property=\"og:description\" content=\"Stream Data Centers was tapped to develop the 56,000 square-foot-building by the end of this year. Upon completion, the center will incorporate two utility feeds from two separate substations designed to support 2.4MW of IT data load.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/us-bank-breaks-ground-on-250m-minneapolis-data-center\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-19T16:48:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:14:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Rob-Kennedy1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Gabriel Circiog\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/us-bank-breaks-ground-on-250m-minneapolis-data-center\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/us-bank-breaks-ground-on-250m-minneapolis-data-center\/\",\"name\":\"US Bank Breaks Ground on $250M Minneapolis Data Center - 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