Data center company buys land for $500M Hutto project

[Neil Narayan]

Silicon Valley-based Colovore, which develops data centers that use liquid cooling, has acquired a 30-acre tract in Hutto where the company is slated to build a $500 million, 180,000-square-foot data center and a 13,000-square-foot flex office space.

The ABJ has identified 19 data center projects in the greater Austin area in recent years, which are expected to include at least $25 billion in capital investment — likely an undercount — spread across millions of square feet of building space, along with thousands of jobs, primarily in construction.