A two-story, 167,000 square foot data center is proposed as part of a mini-campus of the computer storage sites in Elk Grove Village. Also, Cook County taxes were approved for two major redevelopment projects.
The Daily Herald states that a mini-data center campus would be created and a new speculative industrial building would be added to the site.
The village board recently supported two developers' applications for Cook County Class 6B property tax incentives, which would allow their sites to be assessed at lower levels for a dozen years.
The larger of the two projects, on the southwest corner of Lunt Avenue and Nicholas Boulevard, involves the purchase and demolition of four old buildings to make way for a new two-story, 167,000 square foot data center.
EdgeConneX, which is a Virginia-based technology firm, already operates a data center nearby at 1800 Nicholas Boulevard and just recently converted a one-story, 63,250 square foot building at 2021 Lunt Avenue into another such facility.
The two phase project includes the 7 megawatt data center now undergoing renovations and the 22.4 megawatt building just proposed. The entire project is worth an estimated $300 million in new capital investment.
RoxxCloud reports that the northwestern suburb has the largest concentrations of data centers in the country. The new construction will include:
- Space for data center operations
- Supporting office and security space
- New sidewalks
- Parking lot
- Landscaping
The construction will begin in the second or third quarter of 2022 and finish by the end of 2023.
Another industrial construction in Elk Grove Village will be a 58,858 square foot industrial speculative building being constructed at 81 Northwest Point Boulevard on a vacant lot the company is buying at 81 Northwest Point Boulevard. The proposed $7 million commercial structure - with a 30 foot clear building height and six exterior docks - is smaller than a similar project the real estate firm is building on spec nearby.
That development, a planned $15.3 million, 147,000 square foot facility at 150 Northwest Point Blvd., earned the village's backing for a tax incentive in November.
The county council gives the final approval and allows properties to be assessed at 10% of market value for 10 years, then 15% in the 11th year and 20% in the 12th year. Industrial property is normally estimated at 25%.
The Village board last year approved new zoning and design guidelines that rebrands Northwest Point as an innovation and technology center district. This is an attempt to rejuvenate the old office park near the Jane Addams Tollway and to attract further redevelopment.
