Data center profile · 1435 Highway 54 West, Fayetteville, Fayette County, Georgia

Microsoft Fairwater Atlanta (QTS Fayetteville)

Microsoft's AI campus inside QTS's 615-acre Fayetteville, Georgia site: about 700 MW of IT capacity expected by end 2026 (press), grid-powered by Georgia Power, with an East Campus coming

Operating, expanding. Microsoft says its Atlanta AI datacenter began operating in Oct. 2025. In May 2026 county staff reported four buildings built, two fully operational and the third and fourth coming online, with 13 planned across the campus.
North complex (north hall + plant yards + NE substation), Satellite image, April 9, 2025
700+ MW
IT capacity for the Microsoft buildings by end 2026
press estimate; an outside model puts Atlanta at 636 MW
~1,500 MW
grid load Georgia Power planned for the campus
utility's 2025 planning testimony, as reported (press)
13 buildings
6.18 million sq ft on 928 acres
615-acre main campus plus 313-acre East Campus; 4 built (2 fully operational per county staff, May 2026), 5 more under construction (press)
580 MW
permitted diesel backup (235 units)
emergency only, not campus power; a larger amendment (572 units) is not yet issued
OperatorQTS Data Centers (Blackstone) builds and owns the buildings; Microsoft runs the compute inside
CustomerMicrosoft (anchor tenant, reported 20-year lease); OpenAI is an end user of Microsoft capacity
Planned IT capacity1.2 GW at full build-out (our estimate from the company or utility power figure)
First building in serviceIn service since Oct. 2025 (about 636 MW of IT capacity live, estimated)
Next deadlineEnd of 2026: Press expects the Microsoft buildings to pass 700 MW of IT capacity by the end of 2026
The site

The site from above

Satellite overview12
Satellite image, April 9, 2025. Pins placed from site coordinates.
  1. 1North complex
    north hall + plant yards + NE substation
  2. 2South complex
    south hall + parking + laydown
From orbit

North complex

Satellite views of the same ground on Feb. 12, 2022 and April 9, 2025. Drag to compare. What we count on the April 9, 2025 image:

after
before
◀ Satellite image, Feb. 12, 2022Satellite image, April 9, 2025 ▶
From orbit

South complex

Latest clear satellite view, April 9, 2025. What we count on the April 9, 2025 image:

South complex
Satellite image, April 9, 2025
Quarter by quarter

Watch the site change

One clear satellite frame per quarter, January 2023 to October 2026. Drag the slider or press play.

Satellite view of the campus, Oct. 7, 2026

Sentinel-2 satellite, 10 m resolution (coarser than the photos above).
Power

Power and the grid

400 MW contracted

Georgia Power solar subscriptionContracted (press)
400 MW
20-year renewable subscription, about 350 MW raised to about 400 MW (press); a clean-energy purchase, not on-site generation News report · June 2026
Georgia Power grid (Ashley Park 500/230 kV substation)First phases in service; full load planned
1,500 MW
just under 1,500 MW anticipated load in utility testimony (press); in service for the first phases News report · Oct. 2026
ContractedProposed

Getting on the grid

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

  1. June 1, 2023
    Ashley Park substation project starts
    Georgia Power plans a new 500/230 kV substation splitting the O'Hara to Union City 500 kV line, plus two 230 kV lines of about 6 miles each to the campus. Utility regulator · 2025
  2. Jan. 2025
    State sets rules for large loads
    The Public Service Commission lets Georgia Power add minimum bills, terms up to 15 years and upstream cost charges for customers over 100 MW. News report · Jan. 2025
  3. Oct. 2025
    First Microsoft buildings in service
    Microsoft says the Atlanta AI datacenter began operating in Oct. 2025. Company · Nov. 2025
  4. April 1, 2026
    Transmission need date
    The Ashley Park transmission upgrade was scheduled to be needed by Apr. 1, 2026. Utility regulator · 2025
  5. 2027
    Ashley Park to Wansley 500 kV line
    A 35-mile 500 kV line is planned to start construction in 2027, finishing around Q2 2028 (press). News report · June 2026

What is next door

campus4.45 km · gas pipeline6.41 km · 345 kV+ line11.82 km · 345 kV+ substationcampus4.45 km · gas pipeline6.41 km · 345 kV+ line11.82 km · 345 kV+ substation

Distances from mapped lines and plants. OpenStreetMap · Oct. 2026

Permits

Permits checklist

2 pending · 4 granted

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

$153.8M
price of the 615-acre site
bought from the county development authority, Aug. 2022 Company · Aug. 2022
$4.6B
QTS green bond program
first 10-year tranche rated Baa2, issued by two subsidiaries tied to two campus buildings (press, Oct. 2026) News report · Oct. 2026
$2.6B
building value under a 10-year tax abatement
two buildings; county got 10% of first-year tax; servers not abated Local government · May 2026
$6.5B + $3B
build-out value in regional impact filings
main campus and East Campus (press summary) News report · June 2026
$147,000
water bill QTS paid at the construction rate
unbilled water, May 2025; the county says the campus uses about 5.2 million gallons a month during construction Local government · May 2026
$39.8M
East Campus land purchase, recorded Sept. 2024
Trilith South LLC to QTS Eastwood LLC, the East Campus applicant (county deed records) County deed records · Sept. 2024
$10.7M
East Campus land purchase, recorded Nov. 2025
ARC Enterprises LLLP and Fayette Property Holdings LLC to QTS Eastwood LLC (county deed records) County deed records · Nov. 2025
Land assembly

5 recorded land documents for the campus company in county records (Sept. 2024 to Aug. 2026); 2 list a price. 6 related-party transfers are shown greyed. 2 sales or conveyances by the campus company or to public bodies are not listed. Parcel counts come from the deed; acreage is not recorded.

+4 more
Timeline

What happened, and what is due

SitePaper trailConstructionPowerPermitsMoneyLegalUpcoming
  1. Aug. 15, 2022
    Site QTS buys 615 acres from the Fayette County Development Authority for $153.8 million Company · Aug. 2022
  2. Jan. 30, 2023
    Permits Regional review of Project Excalibur (6.6 million sq ft, 16 buildings) closes; the city approves it that month State agency · Jan. 2023
  3. Oct. 11, 2023
    Permits Georgia issues the campus air permit for 205 backup generators State agency · Oct. 2023
  4. July 18, 2024
    Permits Air permit amended to 235 backup generators State agency · Feb. 2026
  5. Sept. 6, 2024
    Money Land purchase recorded at $39.8M: Trilith South LLC to QTS Eastwood LLC (1 parcel) County deed records · Sept. 2024
  6. Oct. 2025
    Power First Microsoft Fairwater buildings begin operating Company · Nov. 2025
  7. Nov. 12, 2025
    Site Microsoft announces Atlanta as the second Fairwater site, linked to Wisconsin Company · Nov. 2025
  8. Dec. 2025
    Permits City approves the 313-acre East Campus rezoning and a smaller 13-building build-out News report · June 2026
  9. Jan. 9, 2026
    Permits QTS applies to add 337 backup generators (572 total) State agency · Feb. 2026
  10. March 5, 2026
    Site City bans new data centers; the QTS campus is grandfathered Local government · Oct. 2026
  11. May 13, 2026
    Site County staff report four buildings built, two fully operational and 13 planned Local government · May 2026
  12. Oct. 15, 2026
    Money QTS launches a $4.6 billion green bond program and files for East Campus review (press) News report · Oct. 2026
  13. End of 2026
    Power Press expects the Microsoft buildings to pass 700 MW of IT capacity News report · Oct. 2026
Construction activity

Building activity by quarter

Since April 2019: 7 FAA filings (July 2024 to Aug. 2026): tallest crane 320 ft (Dec. 2025); 5 OSHA inspections; and 20 satellite captures. The chart starts in the first quarter of 2021; 1 earlier record is not drawn.

FAA filings
OSHA visits
Satellite
’21
’22
’23
’24
’25
’26
Dot size: records in the quarter, largest = 3. Two-digit years mark each first quarter.
The buildings

Specs

13 buildings
6.18 million sq ft planned across the main and East campuses
928 acres
615-acre main campus plus 313-acre East Campus
235 backup generators
permitted, about 580 MW, emergency only; a 572-unit (about 1,397.5 MW) amendment is pending and not issued
Fairwater 1: 340 MW
two buildings (DC-9, DC-10), with over 150,000 Nvidia GB200 GPUs in DC-10 (press)
Fairwater 2: 300+ MW
two buildings (DC-1, DC-2) (press)
Other data centers within 40 km (85)
This campus (footprint)
16 ac
ATL-01 Data Center
17 ac
Lithia Springs Data Center
16 ac
ATL1-A Lithia Springs Data Center
15 ac
Switch Data Centers Keep Data Center
14 ac
ATL1-D Lithia Springs Data Center
13 ac
Who is involved

Owners, partners and builders

Owners and developers
  • QTS Data Centers (Blackstone): developer and owner; QTS Fayetteville I, LLC holds the air permit
  • QTS Eastwood, LLC: East Campus applicant
Tenant
  • Microsoft: anchor tenant, runs compute and network
  • OpenAI: end user of Microsoft capacity, not a QTS tenant
Power
  • Georgia Power: sole electric supplier, builds Ashley Park substation
  • Georgia Public Service Commission
Builders
  • HITT Contracting: DC-1, DC-2, DC-5 to DC-7, DC-10
  • Clayco: DC-9
  • Brasfield & Gorrie: DC-3, DC-4, East Campus site work
Government
  • City of Fayetteville
  • Fayette County and Development Authority: sold the land and run the abatement
  • Georgia EPD
Builders on site
  • Andrew Electric CO., Inc.: contractor on site per OSHA inspection 348353830; 1 OSHA inspection
  • National Labor Contractors, Inc.: contractor on site per OSHA inspection 348656422; 1 OSHA inspection
  • Allison-smith Company LLC (delaware): contractor on site per OSHA inspection 348533126
  • Allison-smith Company: 1 OSHA inspection
Still unknown

Open questions

Where this comes from

444 records from 40 documents

Drawn from news reports, state agency records, public and commercial datasets, local government records, securities filings, company statements, satellite captures, utility regulator dockets and court filings, each kept with its date and source. The bar shows documents by type.

News report 13State agency 9Dataset 6Local government 5SEC filing 3Company 2Satellite 1Utility regulator 1Court filing 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 (41)
  • Air facility identity: QTS Fayetteville I, LLC - GA EPD AIRS No. 113-00073 (AIRS 04-13-113-0073), 1435 Hwy 54 West, Fayetteville, Fayette County, GA 30214
    “Facility Name: QTS Fayetteville I, LLC AIRS No.: 113-00073 Location: Fayetteville, GA (Fayette County)”
  • Generator unit rating: Emergency generators EG001 through EG229 rated 2.5 MWe each (Caterpillar 3516C); the 2.25 MWe MTU DS2250 option was removed in App. 30027
    “2.25 MWe MTU DS2250 has been removed as an option for EG001 through EG229. These units will be 2.5 MW CAT 3516C.”
  • Owner companies: QTS Fayetteville I, LLC
    “QTS Fayetteville I, LLC is a data center operating under Air Permit No. 7374-113-0073-S-01-0, issued on October 11, 2023”
  • On-site generation: not stated
    “The emergency generators are classified as emergency standby stationary engines at a data center, as defined in Georgia Rule 391-3-1-.02(2)(mmm)”
  • Backup generators: 235 generators
    “The facility consists of 235 diesel-fired emergency generators and two (2) diesel-fired fire pumps”
  • Backup generators: 572 generators
    “The facility consists of 572 diesel-fired emergency generators and 11 fire pumps. The emergency generators and fire pumps are divided into thirteen (13) DC Groups”
  • On-site generation: 580 MW
    “227 Main Generators & 2 House Generators, 2.5 MW CAT 3516C; 4 Chiller Yard Generators and 2 House Generators, 1.25 MW CAT C32”
  • On-site generation: 1397.5 MW
    “317 Main Generators, 2.5 MW CAT 3516C; 20 House Generators, 1.25 MW CAT C32”
  • On-site power technology: diesel emergency generators (Caterpillar 3516C 2.5 MW; Caterpillar C32 1.25 MW) and diesel fire pumps; emergency standby role only
    “EG001 – EG229: 2.5 MW CAT 3516C, diesel-fired. EG547 - EG552: 1.25 MW CAT C32, diesel-fired”
  • Power plan: grid
    “emergency standby stationary engines at data centers as defined in Georgia Rule 391-3-1-.02(2)(mmm)”
  • Fairwater filing disambiguation: Wisconsin only
    “And just last month, we announced the world's most powerful AI datacenter, Fairwater in southeastern Wisconsin, which will deliver 10x the performance of the world's fastest supercomputer today”
  • Aliases: Project Excalibur; QTS Fayetteville campus; Fairwater 1 (QTS DC-9/DC-10); Fairwater 2 (QTS DC-1/DC-2); ATL2 East (East Campus)
    “Name of Proposal: 2022 Project Excalibur DRI 3813”
  • Nearest power line of 345 kV or more: 6.41 km
    Measured on OpenStreetMap map data.
  • Nearest substation of 345 kV or more: 11.82 km
    Measured on OpenStreetMap map data.
  • Nearest gas pipeline: 4.45 km
    Measured on OpenStreetMap map data.
  • Name: Microsoft Fairwater Atlanta
    “There is one data center campus in Fayetteville, QTS Data Centers, and it is located along Highway 54 West between Veterans Parkway and Tyrone Road”
  • Utility: Georgia Power Company
    “Electrical power service was negotiated directly between QTS and Georgia Power with no input from the City”
  • Electric service agreement signed: not stated
    “Electrical power service was negotiated directly between QTS and Georgia Power with no input from the City”
  • Construction stage operation start: Oct. 2025
    “The new AI datacenter in Atlanta, which began operation in October, is the second in Microsoft's Fairwater family.”
  • Cooling: closed-loop direct-to-chip liquid cooling with air-cooled chillers; almost zero operational water use
    “advanced liquid cooling that consumes almost zero water in its operations”
  • Fairwater public debut: Nov. 12, 2025
    “In Atlanta, Microsoft has flipped the switch on a new class of datacenter”
  • First power: Oct. 2025
    “The new AI datacenter in Atlanta, which began operation in October, is the second in Microsofts Fairwater family”
  • Substation: Ashley Park (Georgia Power 500/230 kV)
    “Build a new 500/230kV substation (Ashley Park) splitting the Ohara - Union City 500kV line. Install two 500/230kV auto transformers at the Ashley Park station”
  • Substation kV: 500/230 kV
    “Build two new 230kV lines (~6 miles each) from Ashley Park to the high side of customer substations”
  • Interconnection status: energized (operating buildings); Ashley Park substation in service with dual 230 kV lines to customer substations; transmission need date April 1, 2026
    “CC - QTS FAYETTEVILLE TRANSMISSION NEEDS. Teams # 20018. Need Date 04/01/2026. Start Date 06/01/2023”
  • transmission project: planned / in service for first phases
    “Build a new 500/230kV substation (Ashley Park) splitting the Ohara - Union City 500kV line... Build two new 230kV lines (~6 miles each)”
  • Georgia Power's PSC-approved contract with OpenAI (3,200 MW, filed July 2026, approved August 26, 2026, with up to 1,000 MW flexible demand response) serves OpenAI's Project Camellia in EFFINGHAM County, a different cam
    “Today, Georgia Power announced that its contract to serve OpenAI's new project in Effingham County has been approved as part of the regulatory process with the Georgia Public Service Commission”
  • City resolution supporting The Same House Fayette initiative (Groundswell, Georgia Power and QTS) to weatherize and repair up to 20 high-energy-burden homes in the city; no financial commitment from the city
    “Resolution supporting The Same House Fayette initiative, a partnership with Groundswell, Georgia Power, and QTS to weatherize and repair up to 20 high-energy-burden homes in the city”
  • IT capacity: 636 MW
    “Epoch AI fills the gap with modelled estimates: 176,391 Blackwell GPUs and 369 MW of IT power in Wisconsin, and 304,279 GPUs and 636 MW in Atlanta”
  • Operator: QTS Data Centers (buildings and base infrastructure); Microsoft (compute and network inside Fairwater buildings)
    “Everything described in this section — the GPU racks, the scale-out fabric, and the AI Wide Area Network — is owned and operated by Microsoft. QTS scope ends at the building shell”
  • Address: 1435 Hwy 54 W, Fayetteville, GA 30214
    “Microsofts Fairwater Atlanta data centers sit within a 615-acre QTS-owned Main Campus site at 1435 Highway 54 West in Fayetteville, Fayette County, Georgia”
  • Phases: Fairwater 1 = QTS DC-9 + DC-10 (operational); Fairwater 2 = QTS DC-1 + DC-2 (operational); DC-3 to DC-7 under construction; East Campus 4 buildings pre-construction
    “The QTS Fayetteville Main Campus comprises nine data center buildings — four operational, five under construction”
  • IT capacity: 700 MW
    “Together, Fairwater 1 and 2 amount to 2.17 million sq ft and will push Microsofts total Fairwater Atlanta campus past 700 MW of IT capacity by the end of 2026”
  • Customer substations: Charles (serves DC-1/DC-2); Creola (serves DC-9/DC-10); East Campus substation (under construction); QTS-owned, 34.5 kV internal distribution
    “they are referred to as: Charles: Located on the southern portion of the Main Campus, serving DC-1 and DC-2; Creola: Located on the northern portion of the Main Campus, serving DC-9 and DC-10”
  • General contractor: HITT Contracting (DC-1, DC-2, DC-10, DC-5, DC-6, DC-7); Clayco (DC-9); Brasfield & Gorrie (DC-3, DC-4, East Campus site preparation)
    “HITT Contracting is the dominant builder on the Fayetteville data center campus... while Clayco built the remaining Fairwater building (DC-9) and Brasfield & Gorrie built two traditional data center buildings (DC-3 and DC-4)”
  • Electric-utility franchise fees (Georgia Power + Coweta-Fayette EMC) tied to the campus are ~$1M today and projected upward of $9M annually at full build-out; they scale with operational load, not assessed value, and und
    “Combined Georgia Power and Coweta-Fayette EMC franchise fees — roughly $1 million today — are projected to reach upwards of $9 million annually at full build-out”
  • Ashley Park–Wansley 35-mile 500 kV line (Fayette, Fulton, Coweta, Heard counties) planned to start construction 2027 with completion expected Q2 2028, under the approved 2025 IRP; Ashley Park substation has reportedly tr
    “Ashley Park has since — by accounts in Georgia Public Service Commission (PSC) testimony — tripled in size, described there as poised to become the largest, if it is not already the largest, substation in Georgia”
  • Interconnection status: Energized / operating: first Fairwater building brought online Oct 2025, powered exclusively from the Georgia Power grid with no on-site generation or UPS - Georgia Power is the exclusive supply,
    “When Microsoft brought the first Fairwater building online in Fayetteville, Georgia, in October 2025”
  • Rate class: Georgia Power large-load contract framework (PSC rule for customers over 100 MW, January 2025)
    “The new rules, however, give Georgia Power latitude to include minimum billing requirements and other terms into its service agreements with customers that use more than 100 megawatts of electricity”
  • Utility service: 1,500 MW
    “Georgia Power, via its 2025 IRP testimony, repeatedly framed this single large anticipated data center load on its system at just under 1,500 megawatts”
  • Stated campus size: 250 MW
    “The campus would total around 250MW”
Money and contracts (56)
  • Incentives: 10-year graduated property tax abatement through the Fayette County Development Authority covering two buildings ($2.6B value); county received 10% of Phase I tax in the first year (FY2025); personal property
    “Mr. Rapson explained that QTS had two buildings under a $2.6 billion tax abatement through the Development Authority”
  • property tax abatement (Development Authority bond-lease): scope 2 buildings
    “QTS had two buildings under a $2.6 billion tax abatement through the Development Authority”
  • property tax abatement (Development Authority bond-lease): value under abatement 2600000000 USD
    “QTS had two buildings under a $2.6 billion tax abatement through the Development Authority”
  • water service: billing correction 147000 USD
    “The bill was $147,000 and QTS paid it at the higher construction rate, which was twice the retail rate”
  • Fayette County Water System letter billed QTS for unbilled water (reported figures ranged from over 13 million gallons on one connection to ~29-30 million gallons campus-wide in press coverage); resident open-records req
    “He stated that the bill was $147,000 and that QTS paid it at the higher construction rate, which was twice the retail rate”
  • compute services (end customer): scope not named share of capacity (no share stated by Microsoft)
    “which all work together to support OpenAI, the Microsoft AI Superintelligence Team, Copilot capabilities and other leading AI workloads.”
  • property tax abatement (Development Authority bond-lease): payment schedule 10 % of full tax in first year
    “They completed Phase I, which was $2.6M, so the County would receive 10% of that next year”
  • property tax abatement (Development Authority bond-lease): exclusion - personal property
    “there was one $44M in value for the personal property and that it was not abated”
  • Buildings: 13
    “The Quality Technology Services (QTS) Data Centers facility includes 13 buildings for a total of approximately 6.2 million square feet”
  • property tax abatement (Development Authority bond-lease): policy minimums (FCDA standard criteria) 20 jobs; $10,000,000 capital investment; $50,000 average annual wage
    “The project must be in one of the five target sectors: Corporate Headquarters, Information Technology, Aerospace, Advanced Manufacturing, and Film/New Media”
  • lease: terms - Fairwater 1
    “The new AI datacenter in Atlanta, which began operation in October, is the second in Microsofts Fairwater family”
  • municipal services agreement: scope
    “the City entered an agreement with QTS to provide stormwater and sewer services to the site as well as police, fire, and emergency services”
  • electric service agreement: existence / negotiation
    “Electrical power service was negotiated directly between QTS and Georgia Power with no input from the City”
  • Construction financing (recorded mortgage): contract value USD
    “Recorded: Aug. 25, 2026 · Mortgage1amount: 0 · Grantee: QTS FAYETTEVILLE I DC1-2 LLC · Parcel number: 0704 050 · Address: 1435 W 54 HWY”
  • Land purchase (recorded deed): contract value USD
    “Recorded: July 22, 2026 · Grantee: QTS FAYETTEVILLE III LAND LLC · Parcel number: 0713 020 · Address: FLAT CREEK RD · City: FAYETTEVILLE”
  • property tax abatement (Development Authority bond-lease): term 10 years
    “A standard ten-year tax abatement of 10% per year has been approved and is available”
  • Land purchase (recorded deed): contract value USD
    “Recorded: Jan. 6, 2026 · Grantor: QTS FAYETTEVILLE I LLC · Grantee: QTS FAYETTEVILLE 1 DC4 LLC · Parcel number: 0704 051 · Address: 1435 HIGHWAY 54 W · City: FAYETTEVILLE”
  • Land purchase (recorded deed): contract value USD
    “Recorded: Jan. 6, 2026 · Grantor: QTS FAYETTEVILLE I LLC · Grantee: QTS FAYETTEVILLE 1 DC3 LLC · Parcel number: 0704 051 · Address: 1435 HIGHWAY 54 W · City: FAYETTEVILLE”
  • Land purchase (recorded deed): contract value USD
    “Recorded: Dec. 19, 2025 · Grantor: QTS FAYETTEVILLE I LLC · Grantee: QTS FAYETTEVILLE II DC5 LLC · Parcel number: 0713 020 · Address: FLAT CREEK RD · City: FAYETTEVILLE”
  • Land purchase (recorded deed): contract value 10721437 USD
    “Recorded: Nov. 18, 2025 · Price: $10,721,437 · Grantor: ARC ENTERPRISES LLLP · Grantee: QTS EASTWOOD LLC · Parcel number: 0704 044 · Address: VETERANS PKWY · City: FAYETTEVILLE”
  • Tenants: Microsoft
    “The new AI datacenter in Atlanta, which began operation in October, is the second in Microsofts Fairwater family”
  • Land purchase (recorded deed): contract value USD
    “Recorded: March 21, 2025 · Grantor: QTS FAYETTEVILLE I LLC · Grantee: FAYETTE COUNTY · Parcel number: 0713 020 · Address: FLAT CREEK RD · City: FAYETTEVILLE”
  • Land purchase (recorded deed): contract value USD
    “Recorded: March 21, 2025 · Grantor: QTS FAYETTEVILLE I LLC · Grantee: FAYETTE COUNTY · Parcel number: 0704 051 · Address: 1435 HIGHWAY 54 W · City: FAYETTEVILLE”
  • Land purchase (recorded deed): contract value USD
    “Recorded: Oct. 23, 2024 · Mortgage1amount: 25000 · Grantor: QTS FAYETTEVILLE 1 LLC · Grantee: QTS FAYETTEVILLE 2 DC9 10 LLC · Parcel number: 0713 020 · Address: FLAT CREEK RD · City: FAYETTEVILLE”
  • Land purchase (recorded deed): contract value 39842984 USD
    “Recorded: Sept. 6, 2024 · Price: $39,842,984 · Grantor: TRILITH SOUTH LLC · Grantee: QTS EASTWOOD LLC · Parcel number: 0705 019 · Address: SANDY CREEK RD · City: FAYETTEVILLE”
  • Land purchase (recorded deed): contract value USD
    “Recorded: Sept. 6, 2024 · Grantor: TRILITH SOUTH LLC · Grantee: QTS EASTWOOD LLC · Parcel number: 0705 019 · Address: SANDY CREEK RD · City: FAYETTEVILLE”
  • Land purchase (recorded deed): contract value USD
    “Recorded: Nov. 27, 2023 · Mortgage1amount: 3079630 · Grantor: QTS FAYETTEVILLE I LLC · Grantee: QTS FAYETTEVILLE I DC12 LLC · Parcel number: 0713 020 · Address: FLAT CREEK RD · City: FAYETTEVILLE”
  • Land purchase (recorded deed): contract value 30277350 USD
    “Recorded: Aug. 23, 2022 · Price: $30,277,350 · Grantor: TRILITH STUDIOS HOLDINGS LLC · Grantee: TRILITH SOUTH LLC · Parcel number: 0705 019 · Address: SANDY CREEK RD · City: FAYETTEVILLE”
  • Land price: 153800000 USD
    “The land was sold for $153.8 million, or approximately $250,000 per acre”
  • land purchase: scope 615 acres
    “CBRE has facilitated the sale of 615 acres in Fayetteville, Georgia to Quality Technology Services (QTS)”
  • land purchase: price 153800000 USD
    “The land was sold for $153.8 million, or approximately $250,000 per acre”
  • land purchase: structure
    “The many layers of our project included multiple landowners and option holders, annexation and re-zoning, massive utility improvements and tax incentives”
  • lease (triple-net): termination clause
    “Microsoft is the anchor tenant of Fairwater 2 on a 20-year triple-net lease with a 15-year renewal option.”
  • electric service agreement: confidentiality - finding
    “Any contracts Georgia Power signs with customers that will use 100 megawatts or more of electricity will now be subject to PSC oversight”
  • Financing: QTS corporate green bond program: $4.6B raise beginning with a 10-year investment-grade green bond issued by two QTS subsidiaries tied to two Fayetteville campus data centers; Moody's first-time rating Baa2; p
    “The bond will be issued by two QTS subsidiaries associated with the construction of two data centers on a campus in Fayetteville, Georgia”
  • corporate financing (green notes): size 4600000000 USD
    “Blackstone-owned QTS Data Centers is looking to raise $4.6 billion to fund its AI data center build-out, beginning with the sale of a 10-year investment-grade green bond”
  • corporate financing (green notes): scope
    “The bond will be issued by two QTS subsidiaries associated with the construction of two data centers on a campus in Fayetteville, Georgia”
  • corporate financing (green notes): rating and use of proceeds Baa2 (first-time); proceeds partly refinance campus credit facilities
    “Moodys said, among other uses, proceeds would be used for refinancing credit facilities tied to the campus project”
  • QTS launched a $4.6B green bond program (10-year first tranche, Baa2) issued by two subsidiaries tied to two Fayetteville campus data centers, the campus's buildings are being financed/refinanced as investment-grade lea
    “Moodys Ratings gave the offering a first-time credit score of Baa2, meaning it is considered subject to moderate credit risk”
  • City of Fayetteville, Fayette County and the school district agreed to jointly fund personal-property tax auditing with an emphasis on data centers ($92,001 total, Jul 2026-Jun 2027), because QTS personal property (serv
    “Intergovernmental agreement with Fayette County and the Fayette County school district to share the cost of personal property tax auditing, with an emphasis on data centers”
  • Construction continuing at pace in late 2026: City Council approved 4:00-4:30 AM concrete pours for DC4 (Brasfield & Gorrie, through Oct 15), DC6 (HITT, through Nov 1) and DC7 (HITT, through Dec 1) with a sound barrier w
    “Resolution approving early-morning concrete pour permits for QTS Data Center contractors Brassfield & Gorrie (4:30am weekdays for the DC4 building, through Oct. 15) and HITT Contracting (4am weekdays for DC6 through Nov. 1 and DC7 through Dec. 1)”
  • Tenant status: signed lease (anchor tenant)
    “Microsoft is the anchor tenant of this QTS data center on a 20-year triple-net lease, with a 15-year renewal option”
  • Square feet: 6180000 sq ft
    “QTS plans contemplate a total of 13 data center buildings comprising 6.18 million sq ft across the original Main Campus and the new East Campus”
  • Stated capital cost: 6500000000 USD
    “Georgias Developments of Regional Impact (DRI) filings put the estimated build-out value at $6.5 billion”
  • Stated capital cost: 3000000000 USD
    “The East Campus/ATL2 East phases DRI filing lists an estimated build-out value of $3 billion”
  • property tax abatement (Development Authority bond-lease): clawback
    “QTS has an in-place 10-year tax abatement administered by Fayette County, stepping up from 0% by 10% annually, with claw-back provisions tied to jobs and investment commitments”
  • lease (triple-net): scope DC-1 and DC-2 (Fairwater 2)
    “Fairwater 2 comprises two newly built data center buildings totaling over 300 MW of IT capacity, known by QTS as DC-1 and DC-2”
  • lease (triple-net): term 20 years
    “Microsoft is the anchor tenant of this QTS data center on a 20-year triple-net lease, with a 15-year renewal option”
  • lease (triple-net): renewal option 15 years
    “a 20-year triple-net lease, with a 15-year renewal option”
  • lease: scope - Fairwater 1 (DC-9 and DC-10)
    “Two data center buildings form the first Microsoft AI cluster in Fayetteville, configured for 340 MW of IT capacity and known by QTS as DC-9 and DC-10”
  • renewable supply subscription (CRSP): term and size 20 years; ~350 MW in-state solar, increased to ~400 MW
    “QTS holds a 20-year Georgia Power Customer Renewable Supply Procurement (CRSP) subscription — initially ~350 MW of in-state solar, and increased to ~400 MW across multiple Power Purchase Agreements”
  • Assessed value: 32000000 USD
    “As of July 2025 QTS Fayetteville ranked as the Citys third-largest taxpayer at $32.0 million in taxable assessed value (figure is for QTS real property)”
  • electric service agreement (regulatory framework): minimum billing
    “The new rules give Georgia Power latitude to include minimum billing requirements and other terms into its service agreements with customers that use more than 100 megawatts”
  • electric service agreement (regulatory framework): term extension 15 years
    “stretch out contract lengths for these facilities from five years to 15 years”
  • electric service agreement (regulatory framework): cost responsibility - upfront infrastructure
    “charge data centers for upstream generation, transmission and distribution costs required to serve them”
  • Announced: Aug. 2022
    “QTS acquired the land on Fayetteville's west side in August 2022 for $153.8 million”
Permits and government (44)
  • Construction stormwater general permit coverage (GAR10): active (ECHO-listed)
    “CWPName: QTS ATL 2; SourceID: GAR18A1EF; MasterExternalPermitNmbr: GAR100001”
  • Construction stormwater general permit coverage (GAR10): active (ECHO-listed)
    “CWPName: QTS ATL 2 - NORTH PARCEL; SourceID: GAR18AC37; MasterExternalPermitNmbr: GAR100001”
  • Construction stormwater general permit coverage (GAR10): active (ECHO-listed)
    “CWPName: QTS EASTWOOD PARKING; SourceID: GAR18B94E; MasterExternalPermitNmbr: GAR100001”
  • Fayette County staff flagged state-level risk: SB 33 and legislative interest in redirecting data center revenue to the state; staff recommend treating future QTS revenue as one-time revenue for capital projects until th
    “He expressed concern that the state could pass legislation redirecting data center revenue to the state and then redistribute it through grants”
  • Fayette County Board of Commissioners (retreat): Water System and QTS discussion; tax digest and QTS revenue
    “Mr. Rapson stated that four buildings had been built, two were fully operational, the third and fourth were coming online, and 13 total buildings were planned”
  • Permitted backup fleet current: 235 diesel-fired emergency generators and two (2) diesel-fired fire pumps permitted under Air Permit No. 7374-113-0073-S-01-0 as amended (Apps. 28934/29080/29366)
    “The facility consists of 235 diesel-fired emergency generators and two (2) diesel-fired fire pumps. It operates as a synthetic minor source with respect to Title V”
  • Campus structure per permit: Facility divided into thirteen (13) DC Groups, each representing a data center building and associated emergency generators and fire pumps
    “The facility consists of 572 diesel-fired emergency generators and 11 fire pumps. The emergency generators and fire pumps are divided into thirteen (13) DC Groups, each representing a data center building”
  • SIP air permit amendment: issued (amendment)
    “The facility submitted App. 29080 on November 1, 2023, for the construction and operation of an additional two (2) emergency generators for a total of 207 emergency generators and one (1) diesel-fired fire pump”
  • SIP air permit amendment: issued (amendment)
    “The facility submitted App. 29366 on July 18, 2024, for the construction and operation of an additional 28 emergency generators and one (1) fire pump for a current total of 235 emergency generators and two (2) fire pumps”
  • air permit application: filed
    “The facility submitted App. 28934 on June 26, 2023, for the construction and operation of a greenfield data center with 205 emergency generators”
  • air permit: issued
    “operating under Air Permit No. 7374-113-0073-S-01-0, issued on October 11, 2023, and its two amendments”
  • air permit amendment: filed
    “The facility submitted App. 29080 on November 1, 2023, for the construction and operation of an additional two (2) emergency generators”
  • air permit amendment: filed
    “The facility submitted App. 29366 on July 18, 2024, for the construction and operation of an additional 28 emergency generators and one (1) fire pump”
  • air permit amendment: filed
    “QTS Fayetteville I, LLC submitted App. 30027, received on January 9, 2026, for the construction and operation of an additional 337 emergency generators and nine (9) fire pumps”
  • air permit amendment: recommended for issuance
    “I recommend that Permit No. 7374-113-0073-S-01-0 be issued to QTS Fayetteville I, LLC for the construction and operation of an additional 337 emergency generators and nine (9) fire pumps”
  • Fayette County Board of Commissioners (retreat): Tax digest discussion: QTS abatement status and digest impact
    “Ms. Weinmann stated that there was an abatement. Mr. Rapson stated that it would be for FY2025. They completed Phase I, which was $2.6M, so the County would receive 10% of that next year”
  • FAA OE/AAA: Determined - No Hazard
    “ASN 2024-ASO-19000-OE: 2427 QTS DC10 Osgood 2 Erection Crane, Crane, 280 ft AGL, 1166 ft AMSL, 33.46225,-84.52363889, Determined - No Hazard, submitted 2024-10-01”
    FAA · Oct. 2024 · grade A
  • FAA OE/AAA: Determined - No Hazard
    “ASN 2024-ASO-15836-OE: 2433 Freedom 2 steel erection crane, Crane, 280 ft AGL, 1213 ft AMSL, 33.45561111,-84.53136111, Determined - No Hazard, submitted 2024-08-12”
    FAA · Aug. 2024 · grade A
  • FAA OE/AAA: Determined - No Hazard
    “ASN 2024-ASO-13919-OE: Clayco DC9 Crane, Crane, 280 ft AGL, 1187 ft AMSL, 33.46459722,-84.52798611, Determined - No Hazard, submitted 2024-07-17”
    FAA · July 2024 · grade A
  • SIP air quality permit (synthetic minor): issued
    “The construction and operation of a new data center with 205 dieselfired emergency generators and one dieselfired fire pump.”
  • DRI review: review opened
    “Date Opened: January 5, 2023 Date Closed: January 30, 2023”
  • DRI review: final report issued
    “Name of Proposal: 2022 Project Excalibur DRI 3813. Submitting Local Government: City of Fayetteville”
  • zoning ordinance: adopted
    “As of March 5, 2026, new data centers are prohibited in every City of Fayetteville zoning district... adopted Ordinance 26-0-12”
  • City of Fayetteville City Council: Ordinance 26-O-12: data centers prohibited in all zoning districts
    “As of March 5, 2026, new data centers are prohibited in every City of Fayetteville zoning district. This prohibition was enacted when the City Council adopted Ordinance 26-0-12”
  • FAA obstruction evaluation (mobile crane): Determined - No Hazard
    “ASN 2026-ASO-17271-OE”
    FAA · Aug. 2026 · grade B
  • FAA obstruction evaluation (mobile crane): Determined - No Hazard
    “ASN 2026-ASO-5460-OE”
    FAA · May 2026 · grade B
  • FAA obstruction evaluation (mobile crane): Determined - No Hazard
    “ASN 2026-ASO-5465-OE”
    FAA · May 2026 · grade B
  • Moratoria: City of Fayetteville Ordinance 26-O-12 (adopted March 5, 2026): new data centers prohibited in every city zoning district; QTS campus grandfathered as already entitled
    “As of March 5, 2026, new data centers are prohibited in every City of Fayetteville zoning district. This prohibition was enacted when the City Council adopted Ordinance 26-0-12”
  • SIP air quality permit (new): draft - public review Feb 2026; final issuance not confirmed as of Oct. 18, 2026
    “Facility AIRS Number: 04-13-113-0073 is issued a Permit for the following: Operation of a data center consisting of 572 emergency generators and 11 fire pumps”
  • PSC certified 9,885 MW of new capacity (~$16.3B of Georgia Power-owned projects) in the All-Source Certification Proceeding; the settlement commits Georgia Power to file its next rate case so large-load revenue puts at l
    “all 9,885 megawatts of requested resources in the All-Source Certification Proceeding have been approved and certified at their respective individual project cost”
  • FAA obstruction evaluation (crane): Determined - No Hazard
    “ASN 2025-ASO-24171-OE”
    FAA · Dec. 2025 · grade B
  • FAA OE/AAA crane filings under the site developer's name evidence vertical construction at the Microsoft Fairwater Atlanta campus (Fayetteville GA): 'QTS DC4 Data Center' 320-ft mobile crane (May 29, 2026), 'QTS DC5 Crane'
    “ASN 2025-ASO-24171-OE: QTS DC5 Crane, Mobile Crane, 320 ft AGL, 1265 ft AMSL, 33.45291,-84.52761, Determined - No Hazard, submitted 2025-12-01”
    FAA · Dec. 2025 · grade B
  • DRI filing: filed
    “QTS has filed a Development of Regional Impact application with the Georgia Department of Community Affairs for ATL2 East”
  • City of Fayetteville City Council: Intergovernmental agreement with Fayette County and the Fayette County school district to share the cost of personal property tax auditing, with an emphasis on data centers
    “Intergovernmental agreement with Fayette County and the Fayette County school district to share the cost of personal property tax auditing, with an emphasis on data centers — a part-time internal auditor in the Assessors Office plus Mendola Consulting audit services”
  • City of Fayetteville City Council: Early-morning concrete pour permits for QTS contractors; The Same House Fayette resolution
    “Resolution approving early-morning concrete pour permits for QTS Data Center contractors Brassfield & Gorrie (4:30am weekdays for the DC4 building, through Oct. 15) and HITT Contracting (4am weekdays for DC6 through Nov. 1 and DC7 through Dec. 1)”
  • Rezoning date: Jan. 2023
    “QTS original plans — approved by the City of Fayetteville in January 2023 and known as Project Excalibur”
  • rezoning / annexation: approved
    “QTS original plans — approved by the City of Fayetteville in January 2023 and known as Project Excalibur”
  • rezoning / future land use amendment: approved
    “In December 2025, the Fayetteville City Council approved a Future Land Use Map amendment and rezoning to allow QTS to build its East Campus across the 313 acres”
  • building permits: issued
    “The five under-construction buildings (DC-3, DC-4, DC-5, DC-6, DC-7) all hold issued core-and-shell building permits”
  • City of Fayetteville City Council: Approval of Project Excalibur (annexation and rezoning of the 615-acre QTS site)
    “QTS original plans — approved by the City of Fayetteville in January 2023 and known as Project Excalibur”
  • City of Fayetteville City Council: Future Land Use Map amendment and rezoning for QTS East Campus (313 acres)
    “In December 2025, the Fayetteville City Council approved a Future Land Use Map amendment and rezoning to allow QTS to build its East Campus across the 313 acres”
  • City of Fayetteville City Council (work session): 90-day moratorium on new data center applications
    “On January 29, 2026, the City Council, by floor motion at a work session, adopted a 90-day moratorium on new data center applications”
  • Georgia PSC approved Georgia Power's 2025 IRP (Docket Nos. 56002/56003), planning ~8,500 MW of load growth; Georgia Power testimony framed the QTS Fayetteville campus as a single anticipated load of just under 1,500 MW,
    “Within that growth, the QTS Fayetteville campus is the single largest piece”
  • PSC large-load rule (unanimous): Georgia Power may impose minimum billing, terms up to 15 years, and generation/transmission/distribution plus site-specific charges on new customers over 100 MW; contracts must be submitt
    “The changes also let the utility charge data centers for upstream generation, transmission and distribution costs required to serve them, plus stretch out contract lengths from five years to 15 years”
Legal (2)
  • Federal cases: not stated
    “Top results reviewed: Rodgers v; Fairwater Holdings, LLC (D; Alaska 3:26-cv-00147) and CenturyTel of Fairwater-Brandon-Alto, LLC v; Charter Fiberlink (W.D”
  • Lawsuits: not stated
    “Documented absence: no lawsuit by or against QTS/Microsoft over the Fayetteville GA campus was found in this pass; litigation coverage in the same searches concerned other campuses (e.g., Coweta County Project Sail)”
Site and other (21)
  • Stage: operating
    “four buildings had been built, two were fully operational, the third and fourth were coming online”
  • Water use stated: 5200000 gal/month
    “Mr. Rapson stated that QTS was using about 5.2 million gallons of water per month during construction. The County produced about 14.7 million gallons per day”
  • Construction stage: operating
    “Mr. Rapson stated that four buildings had been built, two were fully operational, the third and fourth were coming online, and 13 total buildings were planned”
  • Workforce estimate: 8000 workers
    “the site would primarily use water for irrigation and for approximately 200 to 300 building occupants instead of about 8,000 construction workers”
  • County: Fayette County
    “Facility Name: QTS Fayetteville I, LLC. Location: Fayetteville, GA (Fayette County)”
  • Code names: Project Excalibur
    “A DRI Review of proposal to construct 400,000 SF of office space and 6,600,000 SF of data center in 16 buildings on a 615 acre site”
  • Acres: 615 acres
    “construct 400,000 SF of office space and 6,600,000 SF of data center in 16 buildings on a 615 acre site off of Tyrone Road and Highway 54”
  • Chips: NVIDIA GB200 NVL72 and GB300 NVL72 (Blackwell)
    “NVIDIA GB200 NVL72 rack-scale systems that can scale to hundreds of thousands of NVIDIA Blackwell GPUs”
  • Developer: QTS Data Centers (Blackstone-owned)
    “CBRE has facilitated the sale of 615 acres in Fayetteville, Georgia to Overland Park, Kansas-based Quality Technology Services (QTS)”
  • Land control date: Aug. 2022
    “Tim Huffman and Mike Lash of CBRE represented the seller, the Fayette County Development Authority, in the deal”
  • GA SOS list shows QTS Fayetteville III/IV entities beyond DC1-10 (III DC3-DC7, II DC8, III Land, IV DC11); 25xxxxxx/26xxxxxx control numbers suggest 2025-2026 registrations, consistent with phase III/IV expansion SPVs (i
    “QTS Fayetteville IV DC11, LLC 26008875 ... QTS Fayetteville III Land, LLC 26156040 ... Active/Compliance (GA SOS eCorp business search, pasted by the user)”
  • Owner companies: QTS Eastwood, LLC
    “QTS filed the application via QTS Eastwood, LLC”
  • Acres: 313 acres
    “a 2 million sq ft data center located west of Veterans Parkway on an approximately 313-acre site in Fayetteville”
  • Current target date: 2029
    “The project could be completed by 2029”
  • Acres: 928 acres
    “assembled three adjoining parcels totaling an additional 313 acres south of Sandy Creek Road with frontage on Veterans Parkway... a total of 928 acres”
  • Water use stated: 50000 gal/month
    “Once operational, QTS Fayetteville will use less than 50,000 gallons of water per month or 600,000 gallons of water per year”
  • GPU count: 150000 GPUs
    “DC-10, a two-story building spanning 671,200 sq ft and housing more than 150,000 NVIDIA GB200 GPUs”
  • Opposition: Neighbor opposition (Flat Creek Trail area: blasting, construction traffic); resident-led opposition to further data centers (Jesse Brooks named in ordinance tracking); 2025-2026 water-billing controversy
    “Neighbors on Flat Creek Trail and surrounding areas have dealt with blasting, shaking walls, and heavy construction traffic on residential roads”
  • Groundbreaking date: 2023
    “which is slated to start construction in 2023 and is expected to all be delivered by 2032, according to the application”
  • Original target date: 2032
    “QTS also looks to build 400K SF of office space on the project, which is slated to start construction in 2023 and is expected to all be delivered by 2032”
  • Announced: Aug. 12, 2022
    “Quality Technology Services (QTS) plans to develop the world’s largest multi-tenant data center campus across 615 acres of current farmland just west of downtown Fayetteville”

Imagery and records: Satellite imagery: Maxar via Esri World Imagery Wayback; Sentinel-2 (ESA Copernicus). County deeds: ATTOM.