Crow Holdings and CleanArc Plan 245MW Data Center at Dallas Market Center Site

A prominent event venue in Dallas, Texas, is poised to make way for a large-scale data center development, marking another significant step in the region's rapidly expanding digital infrastructure landscape.

According to local press reports, privately-held real estate firm Crow Holdings intends to construct a five-story, 245MW data center on a 40-acre portion of the Dallas Market Center site. The company is reportedly working with CleanArc Data Centers on the project, with the first phase targeted to come online by late 2027. The plan involves replacing the Dallas Market Hall, one of the complex's key buildings, with the new facility.

The Dallas Market Center, a five million sq ft (460,000 sqm) wholesale trade center dating back to the mid-1950s, is owned by Crow Holdings and located at 2100 Stemmons Freeway. The Market Hall, which opened in 1960 at 2200 N Stemmons Fwy, spans 202,000 sq ft (18,800 sqm) and has historically served as the only building in the complex open to the general public, hosting concerts and exhibitions. Dallas Market Center officials confirmed that the venue has stopped accepting future bookings. "Dallas Market Center stopped booking future events at Market Hall months ago as strategic redevelopment options are evaluated," SVP Cole Daugherty told Fox.

Crow Holdings first announced plans for a data center campus in Dallas in January, though full details were not shared at the time. The company initially indicated the facility would be developed on vacant land, but new zoning documents suggest the project will instead rise on the site of the Market Hall. The shift underscores the intense demand for data center capacity in major metropolitan markets and the willingness of developers to repurpose existing urban real estate for digital infrastructure.

Founded in 1948, Crow Holdings is a real estate investment and development firm with $34 billion in assets under management. While the company has traditionally focused on multifamily and industrial developments, with additional investments in solar and battery projects, it has recently pivoted toward digital infrastructure. In January, Crow said the planned Dallas campus was part of a broader national strategy, with a pipeline reportedly exceeding 3GW of potential data center capacity currently under evaluation across select US markets, including potential projects in New Jersey, Georgia, and North Carolina.

CleanArc, launched in 2024 by clean energy investment firm 547 Energy, brings specialized expertise to the partnership. Private equity firm Snowhawk invested in CleanArc in September 2024 and is now the company's majority owner, with follow-on investment from Townsend Group and Nuveen. Led by Vantage Data Centers founder Jim Trout, CleanArc aims to develop hyperscale data center campuses delivering 300MW or more and spanning 200 to 700 acres. The company is also developing a large site in Virginia's Caroline County and lists planned developments in Dallas, Austin, Chicago, and Atlanta on its website.

The project reflects a broader trend of data center developers targeting urban infill locations to meet low-latency demand and proximity to network infrastructure, even as it requires the redevelopment of established commercial properties. With the first phase expected online by late 2027, the Dallas development represents a significant addition to the region's data center pipeline and a notable shift in how legacy real estate assets are being repurposed for the AI-driven computing era.