$80 Million Spec Project in Virginia
It’s been a while since we’ve seen startups unveiling speculative data center projects in Northern Virginia. Cokomo LLC has announced plans for a 140,000 square foot facility in Prince William County, with a projected cost of $80 million and completion date of Febraury 2008. Last week, the county approved the sale of 20 acres of land to Cokomo at Innovation, a 1,500-acre piece of land purchased by the county to pursue high-wage businesses, a strategy that has succeeded for Fairfax and Loudoun counties.
“The demand for [data center] space has ramped up quickly in the last 18 months,” James F. Coakley, the head of Cokomo, told the Washington Post. “We’re hoping the market will be there for us with a user by the time we are ready for final build-out.”