Published on May 6, 2026
The downtown Minneapolis building at 1001 Third Avenue South has undergone a significant transformation. Once home to office workers, it now serves as a data center, illustrating the evolving landscape of urban real estate.
In a surprising twist, Core42, a subsidiary of Abu Dhabi’s G42 Group, has leased 20 megawatts of this converted space. This decision marks a shift from typical Silicon Valley tech expansions, placing one of the UAE’s AI powerhouses in a climate that diverges from its usual geographical focus.
The move reflects broader trends in the tech industry, where data storage needs are surging. As demand for cloud solutions intensifies, Core42 is poised to play a vital role in providing crucial infrastructure from a Midwest hub, supporting businesses across various sectors.
This leasing arrangement highlights the increasing relevance of non-metropolitan locations in the tech sector. It also raises questions about the future of urban office spaces, showing that they can adapt to meet new demands beyond traditional uses.
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