The Windy City is set to continue its role as one of the country’s foremost tech hubs, and Stream Data Centers is doubling down. This week they announced the acquisition of a new 208,000-square-foot industrial property in Elk Grove, Illinois – an area just outside of Chicago that serves as one of the nation’s primary peering and interconnection markets. The site will soon be home to Stream’s second data center in the region. Their first data center facility in Elk Grove was commissioned earlier this summer.
Chicago is a Thriving Market for Data Centers
Chicago’s status as a thriving tech hub is on the rise, as evidenced by its growth, the growing presence of startups and new, exciting technological innovations. The city is home to over 6,000 tech companies and over 300,000 tech industry employees. Though 2020 has been a tough year, these enterprises have shown big gains in the summer and fall.
Recent funding rounds are some of the best indicators of industry growth, and Chicago tech companies have shown significant performance in this area. Even last month, many Chicago start-ups benefited from large new investments.
Like other data center providers, Stream wants to support this trend by offering new connectivity space in one of Chicago’s most important tech regions.
Available Specs on Stream’s Newest Chicago Data Center
Though details are still limited, Stream’s new site is a 208,000 square foot industrial property that will eventually feature a cutting edge hyperscale data center known as Chicago II. The facility will initially provide 30,000 SF of turnkey capacity. When fully developed, however, it will boast 130,000 SF of data center space and 32 MW of critical capacity.
The facility’s reconstruction will begin in the first quarter of 2021 and be available for occupancy in the third. Stream believes such quick and effective project completion is one of its strengths as a data center supplier. “Our success has always been driven by meeting project timelines and delivering turnkey space. We can accommodate both enterprise and hyperscale users with top-of-the-line capacity,” says SVP of Design and Construction Chris Kincaid. Stream will partner with the same construction team that they worked with for their first Chicago facility, and Kincaid sees a huge advantage in that familiarity leading to a fast completion date.
For more information, visit streamdatacenters.com.