The developers of the $40 million Digital Crossroads Lake Michigan Data Center campus in Hammond have secured final funding for the project at the former State Line Generating Plant. Digital Crossroads says it is partnering with New York-based Star America Infrastructure Partners, which is providing equity for the first 105,000-square-foot phase of the project.
Peter Feldman, chief executive officer of Digital Crossroads, says the goal is now within reach, thanks to the collaborative efforts of Governor Eric Holcomb’s office, the Indiana Economic Development Corp., local elected officials and financial partners. Last March, the IEDC approved $9 million in funding for the project.
“The Digital Crossroads Lake Michigan Data Center is transformative,” said Christophe Petit, president and managing partner of Star America. “The Chicagoland area is one of the largest growth markets for data centers. We are thrilled to be a part of the Digital Crossroads team to provide a stable base of capital to ensure delivery of the Project and to expand our work in Indiana.”
Plans for the project were first announced in July. At the time, developers said the first 100,000-square-foot data center building could open this summer. Digital Crossroads says the goal is to eventually grow to a $200 million complex with multiple buildings covering 400,000 square feet.