Meta pauses $800M knowledge middle mission in Texas

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Dive Temporary:

  • Meta, the mum or dad firm of Fb, Instagram and WhatsApp, introduced a building pause for its new $800 million knowledge middle in Temple, Texas, so as to “change the design,” in keeping with an e mail despatched to Development Dive from Meta spokesperson Melanie Roe. Kansas Metropolis-based basic contractor J.E. Dunn broke floor on the mission within the spring.
  • The 900,000-square-foot facility was a part of Meta’s knowledge middle push earlier this 12 months. The Menlo Park, California-based firm has invested greater than $16 billion whole in U.S. knowledge middle building since 2010.
  • Together with the development pause in Texas, Meta additionally confirmed final week it has halted two knowledge middle initiatives in Odense, Denmark, in keeping with Reuters.

Dive Perception:

Meta additionally launched $800 million knowledge middle initiatives in Kansas Metropolis, Missouri, and Kuna, Idaho, earlier this 12 months. These amenities convey the corporate’s footprint to greater than 20 knowledge facilities worldwide.

Meta, together with different U.S.-based tech corporations, introduced widespread job cuts in November. That bleeding within the tech sector raised concern that building exercise might sluggish for hyperscale knowledge middle initiatives from tech giants like Meta, Twitter and Amazon. 

Whereas that is still to be seen, a slowdown in hyperscale knowledge middle building mustn’t have an effect on the tempo of knowledge middle building general, mentioned Richard Department, chief economist at Dodge Development Community. He mentioned Dodge stays bullish on the place knowledge middle building will probably be each this 12 months and subsequent 12 months throughout a current Dodge webinar.

However, demand for colocation knowledge facilities — amenities that hire area to 3rd events — stays stronger than ever, mentioned Danny Horton, senior mission supervisor of the information middle division at PCL Development’s Seattle workplace.

Horton advised Development Dive that he expects the identical regular development inside the knowledge middle trade over the following three years on account of an “unwavering demand for knowledge and cloud storage.”

“There may be an excessive amount of demand for these buildings,” mentioned Horton. “And whereas the layoffs have hit the trade exhausting, new alternatives proceed to come up, and we’ll hold seeing momentum and development for years.”

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