{"id":1004600006,"date":"2022-08-24T09:49:42","date_gmt":"2022-08-24T17:49:42","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004600006"},"modified":"2022-12-08T19:05:27","modified_gmt":"2022-12-09T03:05:27","slug":"cloudhq-breaks-ground-on-2-5b-chicago-data-center-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cloudhq-breaks-ground-on-2-5b-chicago-data-center-campus\/","title":{"rendered":"CloudHQ Breaks Ground on $2.5B Chicago Data Center Campus"},"content":{"rendered":"
\"\"<\/a>

The site of the future CloudHQ hyperscale facility. Photo via Google Street View<\/p><\/div>\n

Construction has started on a 1.5 million-square-foot hyperscale data center campus in metro Chicago\u2019s Mount Prospect, Ill. Global data center provider CloudHQ<\/strong> will invest $2.5 billion in the project’s development over several years.<\/p>\n

CloudHQ will construct a total of three buildings on the former site of the United Airlines <\/strong>headquarters, at 1200 E. Algonquin Road and 1200 Dempster St. in Mount Prospect.<\/p>\n

According to Village of Mount Prospect\u2019s Planning and Zoning Commission, United Airlines completed the move of its headquarters operations in 2012. Later in 2013, the company built a 172,000-square-foot data center adjacent to the site, which is not part of the new development. CloudHQ acquired the 49.7-acre site from United Airlines last year, according to documents filed with Cook County Clerk\u2019s Office. Under the terms of the development agreement, CloudHQ demolished the existing buildings to make way for the upcoming data center.<\/p>\n

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READ ALSO:<\/strong> KKR, GIP Close $15B Acquisition of CyrusOne<\/a><\/p>\n

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Plans call for three data center buildings, each totaling more than 560,000 square feet and offering a capacity of 84 megawatts. Energy provider ComEd<\/strong>\u2014a unit of Exelon Corp.<\/strong>\u2014will develop a new power substation as part of the upcoming project, as well as extend high voltage lines and provide additional technology investments. CloudHQ will seek LEED certification for the campus. The initial phase of construction, comprising the first building, is set to be completed in 2024, with the additional two to be built, depending on market demand, over the next three to five years.<\/p>\n

Economic Benefits<\/h2>\n

According to the announcement by ComEd, the initial phase of construction will create more than 1,000 construction jobs over the two-year period, while subsequent phases might see an additional 2,000 full-time construction jobs. A recent quarterly economic report by the Village of Mount Prospect shows that upon completion, every building will require the creation of as many as 125 high-paying permanent jobs. The same report estimates that the project will generate between $1 million and $2 million in tax revenue per year.<\/p>\n

In 2019, Illinois passed the Data Center Incentive Program, a legislative package that aims to bolster growth of the metro\u2019s digital infrastructure. According to ComEd, 15 new data center projects have been initiated since, with six of them generating a total of $2 billion in investments in 2021.<\/p>\n

Chicago\u2019s Elk Grove Village, situated roughly 5 miles south of CloudHQ\u2019s development, is home to several other large data center facilities, operated by NTT Data, Digital Realty, Equinix, Cyxtera and Stream Data Centers, among others. A recent CBRE <\/strong>report shows that this year, nationwide demand for data center space tripled year-over-year, with hyperscale developments<\/a> remaining the biggest users.<\/p>\n

According to the same source, Chicago had an inventory of 306 megawatts as of June this year, making it the fourth-largest primary data center market in the U.S. The metro had 91 megawatts under construction, while vacancy was at 7.5 percent in the first half of the year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Phase one of the project is scheduled for completion in 2024.<\/p>\n","protected":false},"author":1284,"featured_media":1004600008,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21755,21782,13,21742],"tags":[32789,51657,51658,32779],"class_list":["post-1004600006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-data-centers","category-development","category-midwest","category-latest","tag-cbre","tag-cloudhq","tag-comed","tag-leed"],"acf":[],"yoast_head":"\nCloudHQ Breaks Ground on $2.5B Chicago Data Center Campus - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Global data center provider CloudHQ is constructing the 1.5 million-square-foot campus on the former site of United Airlines' headquarters.\" \/>\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\/cloudhq-breaks-ground-on-2-5b-chicago-data-center-campus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CloudHQ Breaks Ground on $2.5B Chicago Data Center Campus\" \/>\n<meta property=\"og:description\" content=\"Global data center provider CloudHQ is constructing the 1.5 million-square-foot campus on the former site of United Airlines' headquarters.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cloudhq-breaks-ground-on-2-5b-chicago-data-center-campus\/\" \/>\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=\"2022-08-24T17:49:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T03:05:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/08\/CloudHq-future-development-site-e1661348588673.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"961\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tudor Scolca\" \/>\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\/cloudhq-breaks-ground-on-2-5b-chicago-data-center-campus\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/cloudhq-breaks-ground-on-2-5b-chicago-data-center-campus\/\",\"name\":\"CloudHQ Breaks Ground on $2.5B Chicago Data Center Campus - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cloudhq-breaks-ground-on-2-5b-chicago-data-center-campus\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cloudhq-breaks-ground-on-2-5b-chicago-data-center-campus\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/08\/CloudHq-future-development-site-e1661348588673.jpg\",\"datePublished\":\"2022-08-24T17:49:42+00:00\",\"dateModified\":\"2022-12-09T03:05:27+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/daae3daa7b99fdfb75a85cb3cd92a26d\"},\"description\":\"Global data center provider CloudHQ is constructing the 1.5 million-square-foot campus on the former site of United Airlines' headquarters.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cloudhq-breaks-ground-on-2-5b-chicago-data-center-campus\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/cloudhq-breaks-ground-on-2-5b-chicago-data-center-campus\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cloudhq-breaks-ground-on-2-5b-chicago-data-center-campus\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/08\/CloudHq-future-development-site-e1661348588673.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/08\/CloudHq-future-development-site-e1661348588673.jpg\",\"width\":961,\"height\":720,\"caption\":\"The site of the future CloudHQ hyperscale facility. 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