DX Hammond OpCo, LLC operating as Digital Crossroads says it has completed and closed on the funding for its greenfield data center located on the former State Line Generating Plant in Hammond. Construction has started on the site with a $40 million initial investment, that could grow to $200 million when the project is complete.
Hasse Construction is building the structure, which is expected to be complete in June.
Digital Crossroads says it has teamed with Star America, a US based infrastructure developer, to co-develop the project, which Star America will provide the equity needed for the first 105,000-sq. ft. phase.
“The goal to establish a new world-class data center in Indiana is now within reach thanks to the collaborative efforts of Gov. Eric Holcomb’s office, the Indiana Economic Development Corp. (IEDC), numerous local officials, and financial partners. Strong support from the governor and other state officials made this possible,” said Peter Feldman, Digital Crossroads’ CEO.
“The Digital Crossroads Lake Michigan Data Center is transformative. The Chicagoland area is one of the largest growth markets for data centers. We are thrilled to be a part of the Digital Crossroads team to provide a stable base of capital to ensure delivery of the Project and to expand our work in Indiana,” said Christophe Petit, president and managing partner of Star America.
Ultimately, the company says it plans to continue building upon the project over time to potentially a $200 million complex with multiple buildings for state-of-the-art data compute and storage.