Data center profile · 2000 Galloping Hill Road, Kenilworth, Union County, New Jersey (former Merck campus, Building 11)

CoreWeave Kenilworth

CoreWeave's 250 MW (company-stated) conversion of a former Merck building in Kenilworth, N.J., under construction after final local approvals, with a $250M state tax credit and growing local opposition

Under construction, contested. Local site-plan approvals are final and the building is under construction, targeting 2027. The borough's redevelopment and tax agreement was still unsigned as of May 2026, and residents are protesting at the site.
250 MW
campus size, company-stated
IT versus utility split not published
$1.76B
investment committed to the state
143 jobs; backs the $250M tax credit
$250M
state tax credit awarded to CoreWeave
$50M a year; the state paused the program in June 2026
$322M
price of the building and 27 acres
press; closed July 2025
OperatorCoreWeave (15% owner of the joint venture that owns the campus)
CustomerCoreWeave itself; no outside tenant
Planned IT capacity200 MW at full build-out (our estimate from the company's 250 MW campus power figure)
First building in serviceOur estimate: 2029 or later (no dated power path yet); company says 2027.
Next stepBorough redevelopment and PILOT agreement still to be signed; an independent technical review is being set up
Power

Power and the grid

Sources on record, size not disclosed
Related generation and energy contracts (context, not added to campus supply)

Getting on the grid

Who supplies what, what it costs, and what is still not public.

  1. April 24, 2025
    Substation approved
    The Planning Board approves a 1.3-acre PSE&G substation that steps 69 kV feeds down to 26 kV. News report · Oct. 2026
  2. 2026
    Cogeneration plant emissions raised
    Residents cite the existing plant's emissions and worry they would grow if it supplied the data center around the clock. News report · Oct. 2026
  3. April 6, 2026
    Cogeneration permit renewal proposed
    The state proposes renewing the plant's air permit, which is separate from the data center. State agency · Oct. 2026
Permits

Permits checklist

2 pending · 4 granted · 1 checked, nothing on file

Approvals a campus like this normally needs (including an air permit for backup or on-site generators), and what we found.

Risks

What could slow it down

Money

Money on record

$250M
state tax credit (Next New Jersey - AI)
CoreWeave was the only awardee; 10-year commitment News report · Oct. 2026
$555M
construction loan from GLAS USA
press, from Yardi Matrix data; Dec. 2025 News report · Oct. 2026
$322M
purchase of Building 11 and 27 acres
press; bought by the joint venture News report · Oct. 2026
$57M
CoreWeave's contribution to the venture
per its Q3 2025 filing SEC filing · Oct. 2026
$1.2B
investment announced with the Oct. 2024 lease
company announcement News report · Oct. 2026
Timeline

What happened, and what is due

SitePaper trailConstructionPowerPermitsMoneyLegalUpcoming
  1. Oct. 2024
    Site CoreWeave announces a long-term lease of Building 11 and the borough adopts the redevelopment plan. News report · Oct. 2026
  2. April 24, 2025
    Power Planning Board approves the PSE&G substation. News report · Oct. 2026
  3. May 15, 2025
    Permits Planning Board approves the data center site plan; the approval was memorialized May 27. Local government · Oct. 2026
  4. June 2025
    Money CoreWeave forms a joint venture (85% developer, 15% CoreWeave) that buys the building. SEC filing · Oct. 2026
  5. Nov. 2025
    Money State economic development board awards CoreWeave a $250M tax credit. News report · Oct. 2026
  6. Dec. 4, 2025
    Money A $555M construction loan is reported (press). News report · Oct. 2026
  7. April 28, 2026
    Permits Planning Board approves a four-lot subdivision as about 40 residents speak against it. News report · Oct. 2026
  8. June 3, 2026
    Site More than 100 residents pack a council meeting to protest. News report · Oct. 2026
  9. Aug. 27, 2026
    Money New Jersey ends the remaining uncommitted data center tax credits; CoreWeave's award stays. News report · Oct. 2026
  10. Oct. 9, 2026
    Site Council hires a firm for an independent technical review, paid from CoreWeave's escrow. News report · Oct. 2026
Construction activity

Since Aug. 2025: 1 FAA filing (Aug. 2025): a 140 ft crane. FAA · Aug. 2025

The buildings

Specs

280,000 sq ft
Building 11 conversion on 27 acres; the full site is 107 acres
31 generators
standby diesel units on the site plan, plus 29 chillers
2027
target operation date
85% / 15%
joint venture split between an unnamed developer and CoreWeave
Who is involved

Owners, partners and builders

Owners
  • CoreWeave: operator and 15% venture partner
  • Kenilworth joint venture: unnamed third-party developer holds 85%
Sellers
  • Onyx Equities, Machine Investment Group and Pivot Real Estate Partners: sold Building 11
  • Merck: former owner
Decision-makers
  • Kenilworth Planning Board and Mayor and Council
  • New Jersey Economic Development Authority
  • New Jersey DEP
Power and money
  • PSE&G: utility
  • EF Kenilworth LLC (Atlantic Power): cogeneration plant owner
  • GLAS USA: reported lender
Opponents
  • Union County Residents Alliance Coalition
Still unknown

Open questions

Where this comes from

132 records from 33 documents

Drawn from news reports, our own analysis, securities filings, state agency records, local government records and public and commercial datasets, each kept with its date and source. The bar shows documents by type.

News report 23Analysis 5SEC filing 4State agency 3Local government 2Dataset 1
Evidence

Every quote behind this page

Grade key: A = the primary record itself (permit, filing, exhibit) · B = a dated official statement · C = news reporting. Map distances are our own measurements on OpenStreetMap and carry no grade. Allegations in lawsuits are marked as such in the quotes.

Power (11)
  • Stated campus size: 250 MW
    “Developing, as part of a joint venture, a new data center campus in Kenilworth, NJ, with capacity of up to 250MW.”
  • Power plan: grid + on-site cogeneration, PSE&G grid service via a new 69/26 kV substation, with the pre-existing on-campus cogeneration plant; borough describes the property as having its own power grid
    “The property has its own power grid”
  • Utility: PSE&G
    “PSE&G will be providing power to the site and is upgrading the local infrastructure.”
  • Stated campus size: 250 MW
    “Fully built, CoreWeave says the Kenilworth campus could require up to 250 megawatts of power”
  • IT capacity: not stated
    “DOCUMENTED ABSENCE: the 10-Q's Kenilworth JV note states equity interests and dollars only; no MW figure is given for the campus in any CoreWeave filing reviewed”
  • Utility service: not stated
    “PSE&G will be providing power to the site and is upgrading the local infrastructure”
  • On-site generation: 29 MW
    “CoreWeave intends to use the roughly 29-megawatt plant as a base power source for its data center, Ikeda told the council”
  • On-site generation: not stated
    “DOCUMENTED ABSENCE: the NJDEP BOSS public-notices index at capture lists no Kenilworth data-center permit; the only Kenilworth air document is the EF Kenilworth Title V renewal”
  • Utility: PSE&G (Public Service Electric & Gas)
    “PSE&G will be providing power to the site and is upgrading the local infrastructure”
  • Substation: Pre-existing campus substation described as 50 MW; new PSE&G substation approved April 24, 2025 (approx. 1.3 acres; 69 kV feed stepped down to 26 kV; three transformers)
    “leveraging its trove of high-end laboratories, support facilities and a robust utility infrastructure such as a 50-megawatt substation, cogeneration and chiller plants and a central boiler facility”
  • EF Kenilworth cogeneration plant emissions raised at council: the plant is classified by regulators as a major source; expert testimony cited EPA estimates of approx. 5 tpy PM2.5, 76 tpy NOx and 2 tpy SO2 while running a
    “the plant currently emits about five tons of fine particulate matter, 76 tons of nitrogen oxides and two tons of sulfur oxides annually, while running at only an estimated 50 to 60 percent of its full capacity”
Money and contracts (46)
  • Tenant status: owner-operator, self-developed through the Kenilworth JV; no tenant lease for the campus
    “Currently, with our joint venture in Kenilworth, New Jersey, and in the future with new projects, we are beginning to develop our own data centers, rather than relying on third parties”
  • Joint venture agreement: scope
    “In June 2025, the Company entered into a joint venture (the JV) with a third-party infrastructure developer to support the acquisition and development of a multi-phase data center campus in Kenilworth, New Jersey.”
  • Joint venture agreement: equity split 85% developer / 15% CoreWeave
    “Upon formation, the third-party infrastructure developer obtained an 85% equity interest while the Company holds the remaining 15% equity interest in the JV.”
  • Joint venture agreement: contribution 57000000 USD
    “The Company contributed net assets worth $57 million for its 15% equity interest.”
  • Joint venture agreement: funding structure
    “The JV will construct and develop the campus using a combination of additional debt and equity capital.”
  • Joint venture agreement: accounting / carrying amount 57000000 USD
    “The carrying amount of the Company's investment in the JV is $57 million as of September 30, 2025.”
  • Borough redevelopment agreement / PILOT: status, NOT executed (under negotiation at May 6, 2026)
    “Our team and I are working day in and day out to negotiate a PILOT agreement with real accountability for CoreWeave and a strong community benefits framework”
  • purchase: purchase price 322 USD million
    “In a transaction valued at $322 million, CoreWeave has purchased part of the 107-acre campus.”
  • lease: lease of building 11
    “the GPU cloud firm has signed a long-term lease with an Onyx Equities and Machine Investment Group partnership for the entirety of building 11”
  • Tenants: No third-party tenant, CoreWeave itself (owner-operator); cloud end-customers not named for this site
    “We are incredibly excited to open a next-generation data center in CoreWeave's home state of New Jersey”
  • Stage: building, approvals final, but locally contested; redevelopment agreement / PILOT unexecuted
    “The Redevelopment Plan makes a redeveloper's designation conditional on signing a Redevelopment Agreement with the borough. As of June 2026, that agreement has not been signed for this parcel”
  • Building sq ft: 280000 sq ft
    “CoreWeave plans to invest $1.2 billion in converting the 280,000 sq ft (26,010 sqm) former lab and manufacturing building into a data center”
  • Site acres: 107 acres
    “In a transaction valued at $322 million, CoreWeave has purchased part of the 107-acre campus”
  • Investment: 1760000000 USD
    “The roughly $1.76 billion project is more than 17 times the program's $100 million minimum threshold”
  • First announced: Oct. 2024
    “CoreWeave plans to invest $1.2 billion in converting the 280,000 sq ft (26,010 sqm) former lab and manufacturing building into a data center”
  • Building lease (superseded by JV acquisition): scope
    “has signed a long-term lease with an Onyx Equities and Machine Investment Group partnership for the entirety of building 11 at The Northeast Science & Technology Center (NEST) in Kenilworth”
  • Building lease (superseded by JV acquisition): investment commitment 1200000000 USD
    “CoreWeave plans to invest $1.2 billion in converting the 280,000 sq ft (26,010 sqm) former lab and manufacturing building into a data center”
  • Building lease (superseded by JV acquisition): landlord contribution 50000000 USD
    “The Onyx Equities-led venture also expects to spend over $50 million on the project”
  • Building lease (superseded by JV acquisition): term, FINDING (length not disclosed)
    “DOCUMENTED ABSENCE: the October 2024 lease is described only as long-term in every opened source; no term length, rent, or renewal terms are public”
  • Building lease (superseded by JV acquisition): termination, FINDING (clause not disclosed)
    “DOCUMENTED ABSENCE: no termination, cancellation, or exit clause for the October 2024 lease is stated in any opened source; the lease itself is not public”
  • Joint venture agreement: termination / exit, FINDING (terms not disclosed)
    “DOCUMENTED ABSENCE: no JV termination, exit, buy-sell, or deadlock terms are disclosed in any filing; the 10-K risk factors note only that CoreWeave operates such ventures without sole decision-making authority”
  • Asset purchase: scope / price 322000000 USD
    “In a transaction valued at $322 million, CoreWeave has purchased part of the 107-acre campus”
  • State incentive award, Next New Jersey Program - AI: award amount 250000000 USD
    “CoreWeave qualifies for the maximum allowable tax credit of $50 million per year, to be issued annually over the first five years of a 10-year commitment period”
  • State incentive award, Next New Jersey Program - AI: disbursement schedule 50000000 USD/year
    “CoreWeave qualifies for the maximum allowable tax credit of $50 million per year, to be issued annually over the first five years of a 10-year commitment period”
  • State incentive award, Next New Jersey Program - AI: commitment period 10 years
    “CoreWeave qualifies for the maximum allowable tax credit of $50 million per year, to be issued annually over the first five years of a 10-year commitment period”
  • State incentive award, Next New Jersey Program - AI: jobs commitment 143 jobs
    “CoreWeave will create 143 high-quality, innovation-driven positions that exceed the required 120 percent of the county's median salary”
  • State incentive award, Next New Jersey Program - AI: investment commitment 1760000000 USD
    “The roughly $1.76 billion project is more than 17 times the program's $100 million minimum threshold”
  • State incentive award, Next New Jersey Program - AI: clawback / revocation (performance-based)
    “The incentive is performance-based, meaning the state can reduce or revoke the tax credits if CoreWeave fails to meet commitments”
  • State incentive award, Next New Jersey Program - AI: environmental condition
    “CoreWeave's main obligation was to meet minimum environmental and sustainability standards”
  • State incentive award, Next New Jersey Program - AI: community benefit, FINDING (not required)
    “the older Aspire and Emerge programs required community benefit agreements for projects over $10 million. This one did not”
  • State incentive award, Next New Jersey Program - AI: termination, FINDING (executed agreement not public)
    “DOCUMENTED ABSENCE: the executed NJEDA incentive agreement is not public; beyond the reported performance-based reduction/revocation language, no termination or recapture schedule is stated in any opened source”
  • Borough redevelopment agreement / PILOT: condition, redeveloper designation lapsed twice
    “Resolutions 25-129 and 25-231 each set a deadline to sign that agreement, and each provided that the designation would automatically expire if the deadline passed”
  • Borough redevelopment agreement / PILOT: status, aggregator reports consent-agenda passage June 30, 2026 (UNVERIFIED)
    “approving a consent agenda that included Resolution 26-172, a redevelopment agreement related to the Onyx/Nest campus”
  • Construction financing: loan amount 555000000 USD
    “CoreWeave has obtained a $555 million loan from GLAS USA for its ongoing data center conversion project at 2000 Galloping Hill Road in Kenilworth, N.J., according to Yardi Matrix data”
  • Electric service (PSE&G): service, FINDING (no public ESA)
    “DOCUMENTED ABSENCE: no electric service agreement, interconnection agreement, tariff filing, or contracted MW for this campus is public; PSE&G stated only that it is upgrading the local infrastructure for the site”
  • Borough officials and CoreWeave operated under a non-disclosure agreement during the approval period, per an internal borough email obtained via OPRA and reported by The Central Jerseyan (no records request was filed by
    “An internal email from June 2025 shows Ash telling colleagues, with the Mayor copied, we all signed the NDA”
  • Protests continued at the active construction site in October 2026; the project remains under construction and not operating
    “Residents in the small borough of Kenilworth, NJ are taking to the streets to rally against the ongoing construction of a massive $1.8 billion AI data center”
  • Source record
    “CoreWeave has obtained a $555 million loan from GLAS USA for its ongoing data center conversion project”
  • CoreWeave obtained a $555 million loan from GLAS USA for the Kenilworth conversion project
    “CoreWeave has obtained a $555 million loan from GLAS USA for its ongoing data center conversion project at 2000 Galloping Hill Road in Kenilworth, N.J.”
  • tax credit: award amount 250 USD million
    “CoreWeave has started construction on a nearly $1.8 billion data center in Kenilworth with the help of what will be a five-year, $250 million tax credit award”
  • tax credit: commitment period 10 years
    “CoreWeave qualifies for the maximum allowable tax credit of $50 million per year, to be issued annually over the first five years of a 10-year commitment period”
  • Construction began mid-September 2025: 108,100 sq ft of new construction plus retrofit of the existing 284,500 sq ft 11 NEST building
    “That includes 108,100 square feet of new construction and a retrofit of an existing 284,500-square-foot building known as 11 NEST”
  • Tenant status: owner-occupied (owner-operator since Aug 2025 purchase)
    “In a shakeup for the sprawling 102-acre campus in Kenilworth, CoreWeave has purchased a data center site at NEST for $322 million.”
  • Tenants: CoreWeave (owner-operator; no end customer named for this site)
    “We are pleased to announce that CoreWeave has purchased the 280,000-square-foot building it had already secured by lease and the land immediately around it at Northeast Science and Technology Center in Kenilworth, NJ.”
  • Lease superseded by ownership: CoreWeave purchased the 11 NEST building and adjacent 27 acres from the Onyx Equities / Machine Investment Group JV for USD 322M (announced Aug 1, 2025) and became owner-operator; the Oct 2
    “We are pleased to announce that CoreWeave has purchased the 280,000-square-foot building it had already secured by lease and the land immediately around it at Northeast Science and Technology Center in Kenilworth, NJ.”
  • Tenant lease: execution
    “CoreWeave signed on with a long-term lease last October for the entirety of 11 NEST.”
Permits and government (22)
  • Redevelopment plan (zoning): adopted
    “the redevelopment of this site was approved by council in October of 2024 and the data center was approved by the planning board in May of 2025”
  • Site plan, data center: approved
    “at the last Planning Board meeting on May 15, 2025, the Board heard and approved an application regarding the CoreWeave Data Center, 2000 Galloping Hill Road, Kenilworth, NJ”
  • Air operating permit (Title V), initial: approved
    “Initial Operating Permit Approval Date: January 4, 2001”
  • Air operating permit (Title V), renewal: proposed (public comment)
    “Cogeneration: Production of electrical and thermal energy for sale to host facility and power utility”
  • Kenilworth Planning Board (special meeting): Application #25-003, CoreWeave Inc. data center site plan, 2000 Galloping Hill Road (Building K-11)
    “at the last Planning Board meeting on May 15, 2025, the Board heard and approved an application regarding the CoreWeave Data Center, 2000 Galloping Hill Road, Kenilworth, NJ”
  • Kenilworth Planning Board: Adoption of the memorializing resolution for Application #25-003 (CoreWeave data center)
    “Picerno voted yes, Mr. Scorese voted yes, Mr. Clementi voted yes, Mr. Laudati voted yes, Mr. Scuderi voted yes, Mr. Grimaldi voted yes and Mr. Pugliese voted yes”
  • Kenilworth Mayor & Council: CoreWeave project status, Mayor's statement; Borough Attorney on the finality of the 2025 approvals; PILOT / redevelopment agreement negotiation
    “the planning board granted site plan approval on May 15, 2025, and there is a 45-day period to appeal the decision from the planning board and that time expired in July of 2025”
  • FAA OE/AAA: Determined - No Hazard
    “Temporary crane for steel erection.”
    FAA · Aug. 2025 · grade A
  • Air preconstruction permit, data-center generator fleet: not located (negative search)
    “PN-DC1 4405 Rt 1 South Brunswick Twp, NJ 08540”
  • Site plan, electrical substation: approved
    “the facility will receive 69 kV feeder lines and step that voltage down to 26 kV for the data center”
  • Building permit application: filed
    “Councilman Morrow said a building permit valued at $2.7 million was filed by CoreWeave”
  • Major subdivision (four lots): approved
    “On April 28, 2026, the 36-acre parcel was subdivided into four new lots”
  • Application 26-002 subdivision hearing: 95 emails of opposition on file and approx. 40 residents from Kenilworth and nine surrounding towns spoke against the project
    “The board's meeting minutes record 95 emails of opposition on file”
  • More than 100 residents packed the Kenilworth council meeting to protest the data center (Patch reporting, via NJBallot)
    “Patch reported that more than 100 people packed the June 3 Kenilworth council meeting”
  • NJEDA paused the Next New Jersey Program - AI in June 2026 for an internal review; CoreWeave was the program's only awardee
    “The tax credit went to one company, CoreWeave, before the state Economic Development Authority paused the program in June for an internal review”
  • End Data Center Tax Credits Act (A5165/S4390) signed by Gov. Sherrill: eliminates the remaining $250M of uncommitted Next NJ - AI credits; CoreWeave's awarded $250M remains intact. Part of the Governor's four-pillar data
    “New Jersey Gov. Mikie Sherrill signed legislation Thursday ending a tax credit program that encouraged the development of new data centers”
  • Companion law signed the same day requiring New Jersey data centers to report energy and water usage to the state (semi-annual reports to the BPU per bill reporting), will apply to this campus once operating
    “She also signed legislation Thursday requiring the facilities to report their energy and water usage to the state”
  • Kenilworth Planning Board: Site plan, PSE&G substation (approx. 1.3 acres) to serve the future data center at 2000 Galloping Hill Road
    “the facility will receive 69 kV feeder lines and step that voltage down to 26 kV for the data center”
  • Kenilworth Planning Board: Application 26-002, preliminary/final major subdivision of the CoreWeave parcel into four lots
    “On April 28, 2026, the 36-acre parcel was subdivided into four new lots”
  • Kenilworth Mayor & Council: Public comment, resident opposition to the CoreWeave data center
    “Patch reported that more than 100 people packed the June 3 Kenilworth council meeting”
  • Kenilworth Mayor & Council: Resolution 26-2-26, professional-services agreement with Arlington Analytics to coordinate an independent technical review of the CoreWeave project
    “The Kenilworth Borough Council unanimously approved Resolution 26-2-26 authorizing a professional-services agreement with Arlington Analytics to coordinate technical reviews of the proposed CoreWeave data-center project”
  • tax credit approval: approved
    “The planned 250-megawatt project is now advancing after the New Jersey Economic Development Authority approved the tax credit earlier this month”
Site and other (17)
  • Name: CoreWeave Kenilworth (NEST)
    “In June 2025, the Company entered into a joint venture (the JV) with a third-party infrastructure developer to support the acquisition and development of a multi-phase data center campus in Kenilworth, New Jersey.”
  • Address: 2000 Galloping Hill Road, Kenilworth, NJ 07033
    “CoreWeave Data Center, 2000 Galloping Hill Road, Kenilworth, NJ”
  • Developer: Kenilworth joint venture, unnamed third-party infrastructure developer (85%) with CoreWeave, Inc. (15%), formed June 2025
    “In June 2025, the Company entered into a joint venture (the JV) with a third-party infrastructure developer to support the acquisition and development of a multi-phase data center campus in Kenilworth, New Jersey.”
  • Operator: CoreWeave, Inc.
    “Currently, with our joint venture in Kenilworth, New Jersey, and in the future with new projects, we are beginning to develop our own data centers, rather than relying on third parties”
  • County code: Union County, NJ (34039)
    “CoreWeave Data Center, 2000 Galloping Hill Road, Kenilworth, NJ”
  • Cooling: closed-loop glycol, no municipal water used for cooling
    “This facility is engineered using a closed-loop system using Glycol so that there is no use of our water”
  • Site address: 2000 Galloping Hill Road, Kenilworth, NJ
    “CoreWeave signed a lease for building 11 at the campus, located at 2000 Galloping Hill Road, in October 2024.”
  • Aliases: NEST Kenilworth; Northeast Science & Technology Center; 11 NEST; Building K-11
    “has signed a long-term lease with an Onyx Equities and Machine Investment Group partnership for the entirety of building 11 at The Northeast Science & Technology Center (NEST) in Kenilworth”
  • Construction stage: building
    “According to the EDA, CoreWeave began construction in mid-September and expects the 392,600-square-foot AI data center to be operational in early 2027”
  • Original target date: 2027
    “According to the EDA, CoreWeave began construction in mid-September and expects the 392,600-square-foot AI data center to be operational in early 2027”
  • Current target date: 2027
    “According to the EDA, CoreWeave began construction in mid-September and expects the 392,600-square-foot AI data center to be operational in early 2027”
  • Building sq ft: 392600 sq ft
    “According to the EDA, CoreWeave began construction in mid-September and expects the 392,600-square-foot AI data center to be operational in early 2027”
  • Jobs committed: 143 jobs
    “CoreWeave will create 143 high-quality, innovation-driven positions that exceed the required 120 percent of the county's median salary”
  • A Change.org petition urging Kenilworth to block the planned data centers passed 12,000 signatures; the Union County Residents Alliance Coalition (UCRAC) formed to oppose Union County data centers
    “a Change.org petition urging Kenilworth to block the planned data centers has more than 12,000 signatures”
  • No NJDEP enforcement action against the Kenilworth campus was located in opened sources
    “If it fails to do so in time, the company must stop operating its generators at the Vineland location, according to the DEP”
  • Neighbors circulated a petition opposing construction that gathered over 1,500 signatures by mid-April 2026
    “Neighbors circulated a petition opposing construction that gathered over 1,500 signatures by mid-April.”
  • Project status: under construction
    “According to the EDA, CoreWeave began construction in mid-September and expects the 392,600-square-foot AI data center to be operational in early 2027.”