American Tower’s Subsidiary CoreSite Announces Expansion

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American Tower Corporation’s (NYSE: AMT) subsidiary, CoreSite, announced its expansions in its New York and Denver data center campuses, adding 685,000 square feet of data center space to the company’s portfolio.

The most recent addition to CoreSite’s New York campus, referred to as NY3, has obtained final permitting for the construction of an 85,000-square-foot facility with a capacity of 15 critical megawatts (CMW). Additionally, CoreSite received conceptual approval for a Denver market expansion, featuring a three-building data center campus covering approximately 600,000 square feet and boasting a capacity of 60 CMW.

The construction of NY3 is expected to be completed in late 2024. In Denver, CoreSite’s expansion plans include a three-building data center development on a 15-acre site. This ambitious project aims to meet the increasing capacity and power demands in the Denver market, where CoreSite already operates DE1 and DE2 data centers. The new campus, featuring an on-site substation, will provide 18 CMW of capacity across three floors in the first facility.

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