Mega-Project Eastern Iowa
$10.0B
Investment
2
Sponsors
Sponsors & Partners
QTS Realty Trust
Blackstone
Project Timeline
Announced
2025-02
Construction Start
2025-08
Expected Completion
2028-Q4
QTS - Cedar Rapids Campus
Located at Big Cedar Industrial Center, adjacent to Google facility. Largest economic development investment in Cedar Rapids history. Broke ground August 2025. Will create minimum 30 high-tech full-time jobs (15 per phase). QTS will contribute up to $18M over 20 years to Community Betterment Fund.
Key Metrics
| Metric | Value |
|---|---|
| Investment | $10.0B |
| Power Capacity | N/A |
| Location | Cedar Rapids, Linn, Iowa |
| Region | Eastern Iowa |
| Status | Under Construction |
Stakeholders
Sponsors
- QTS Realty Trust
- Blackstone
Purpose
This project is designed for:
- HYPERSCALE
- COLOCATION
Timeline
| Milestone | Date |
|---|---|
| Announced | 2025-02 |
| Construction Start | 2025-08 |
| Expected Completion | 2028-Q4 |
Phases
- Phase 1: First phase completion (Expected: 2028-Q4)