The Future of Manhattan Data Centers -Part 3 -More on 111 Eighth Avenue

In The Future of Manhattan Data Centers -Part 1,I mentioned that “the jury is out for the future of data center tenants”in the building, but that it was unlikely that Google would try to remove these tenants entirely. We have now uncovered some new information that supports this theory,and sheds some light onto Google’s plans for the building.

On Google’s Jobs page they have listed a position in New York of “Strategic Negotiator,Network.” The role of this position is to “spearhead the acquisition and allocation of Google’s global networking infrastructure,”and ”interact closely with outside vendors to design,develop,and . . . →Read More:The Future of Manhattan Data Centers -Part 3 -More on 111 Eighth Avenue

The Future of Manhattan Data Centers Part 1 – 111 Eighth Avenue

Back in September,when 111 Eighth Avenue -one of the world’s premier carrier hotels was up for sale,I mentioned in a blog post that “an astute purchaser [of the building] will see

the inherent value in great tenants with excellent credit (like Google),and data center tenants.” I did not predict at the time that Google itself would purchase the building.  Now that Google has purchased the building,and has shown its intent to expand its presence in the building as quickly as possible,many of our clients have asked us what Google intends to do with the building’s data center tenants.

Google has not had . . . →Read More:The Future of Manhattan Data Centers Part 1 – 111 Eighth Avenue

Data Center Activity Heats Up In Manhattan

Spotlight New York:

  • Since Google’s acquisition of 111 Eighth Ave.,all available space in the building has been taken off the market. The most recent data center transaction in the building was Digital Realty Trust’s sublease of 53,000 square-feet to Telx shortly before the building’s sale.
  • Sabey and local developer Young Woo are under contract to purchase 375 Pearl St.,a 1-million-square-foot former Verizon switching building,for an estimated $100 per square-foot from M&T Bank. The building is well-suited for data center use,with very heavy floor loads,high ceiling heights,limited windows,and abundant shaft space.  Verizon will maintain a three-floor condo interest in the building.
  • . . . →Read More:Data Center Activity Heats Up In Manhattan

The Future of Wholesale Data Centers

If you read our market reports,you may have read that some of the largest and most active customers of Wholesale Data Center space are large technology companies like Microsoft,Facebook,Yahoo! and Google.

With that in mind,you may have found today’s Wall Street Journal article regarding Facebook’s Prineville Oregon data center interesting.  The article is entitled:“Facebook Data Center is Boon for Oregon Town.”

Rendering of Facebook's Prineville Data Center

The article describes Facebook’s ambition to build yet a second data center in Prineville,just like the first 300,000 sf facility (the first phase of which is not even open yet!).  You may . . . →Read More:The Future of Wholesale Data Centers