CIM Group in partnership with fifteenfortyseven Critical Systems Realty (“1547”) last week hosted technology, data center and real estate industry executives to mark the start of construction activities for its 240,000-sq-ft data center campus on 7.3 acres at 400 Paul Avenue in San Francisco.
“The project will offer a flexible design to serve either a single tenant or multiple users,” said J. Todd Raymond, CEO of 1547.
The first phase of development includes the comprehensive renovation of two existing 1930s-era buildings totaling 54,225 sq ft that are being modernized to provide creative office and support space for data center tenants. In addition, site work will commence immediately for the campus, including a 187,000-sq-ft purpose-built data center.
The new two-story building will offer a secure and scalable data center with a robust 24 MW of power capacity. Strategically located just outside San Francisco’s central business district, the property is at the hub of more than 15 fiber networks served by multiple international carriers and adjacent to one of the most critical interconnection data centers in the United States.
400 Paul is part of CIM Group’s growing portfolio of diverse infrastructure investments that includes renewable energy, urban parking facilities, water supply infrastructure and waste solutions. With 1547, CIM owns and operates other datacenters in Toronto, Ontario, and Cheyenne, Wyoming.