Data center profile · FM 2720 between Uhland and Lockhart, Caldwell County, Texas

Caldwell Valley Technology Park

Tract's 2,973-acre powered-land park between Austin and San Antonio, marketed at over 4 GW, first 360 MW of Bluebonnet power targeted for 2028, no tenant.

Land assembled, site prep. Tract owns 2,973 acres, has a county development agreement and a utility design agreement for a first 360 MW in 2028, and is doing horizontal site work. No tenant, building, generation permit or project financing is on record.
The middle development block, still cropland, Satellite image, Oct. 4, 2025
4 GW
data-center capacity Tract says the park can support
company ceiling; 2 GW when first announced in May 2025
360 MW
first grid block, targeted for 2028
Bluebonnet design agreement; long-lead equipment secured (company)
2,973 acres
land Tract has closed on
1,515 acres in May 2025, 1,458 in Jan. 2026
0
tenants, buildings or generation permits on record
horizontal site work only, per the County Judge
OperatorTract (prepares powered land for other companies to build data centers on)
CustomerNone named; Tract says its first 250 MW is contracted for Q1 2028 without naming a buyer
Planned IT capacity3.2 GW at full build-out (our estimate from the company's 4 GW campus power figure)
First building in serviceOur estimate: 2028; company says 2028.
Next deadlineDec. 10, 2026: ERCOT audit report due; Texas has paused data-center air permits pending the audit
The site

Pasture and cropland, with no sign of site work

The heart of the park on Oct. 4, 2025, the newest sharp satellite picture of it: pasture and ranch tracks, with no structures. The park's other blocks look the same: no clearing, grading, pads or utility work anywhere, though one tracker has reported early works. That fits the schedule, which has first power due in 2028. The park was placed from Tract's own maps and a published pin, so its edges here are approximate.

Satellite overview
Satellite image, Oct. 4, 2025. Pins placed from site coordinates.
  1. 1Middle development block
    about three-quarters of a mile east of this view; cropland
  2. 2Planned substation corner
    about a mile southwest, by the 345 kV line; pasture and an old farmstead
  3. 3Southeast tract
    about 2.4 miles southeast, between Jolley Rd. and FM 2720; tilled fields
From orbit

The middle block is still farmland

The block where Tract's master plan puts development, on Oct. 4, 2025, the newest sharp satellite picture of it. Against a Sept. 28, 2022 picture of the same ground, the fields were replanted and harvested, but the stock pond and field edges did not move, and there is no clearing, grading or construction. The white wisps at right are cloud.

The middle block is still farmland
Satellite image, Oct. 4, 2025
Power

Power and the grid

None energized or contracted yet

Grid power via Bluebonnet and LCRADesign agreement signed
360 MW
first block, target 2028; Bluebonnet is the retail utility, LCRA supplies wholesale power and transmission Company · May 2025
Planned on-site substationPlanned
1,600 MW
a rating for future growth, not delivered load or generation (company) Company · Jan. 2026
Proposed
Other sources, size not disclosed

Getting on the grid

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

  1. May 7, 2025
    Utility design agreement signed
    Tract and Bluebonnet sign a facility design agreement that secures long-lead equipment for the first 360 MW, targeted for 2028. Company · May 2025
  2. Jan. 13, 2026
    250 MW contracted, 1.6 GW substation planned
    Tract says its first 250 MW is contracted for Q1 2028, and that it, Bluebonnet and LCRA plan an on-site substation that can grow to 1.6 GW. Company · Jan. 2026
  3. Jan. 13, 2026
    On-site generation planned
    Tract starts planning on-site power that will connect to the grid; press reports a gas plant. News report · Jan. 2026
  4. May 29, 2026
    Substation construction put out to bid
    Bluebonnet seeks bids for its County Line substation, with construction in March 2027. The notice gives no site address, so the link to the park is inferred. Company · May 2026
  5. Sept. 21, 2026
    State halts data-center air permits
    The Governor directs Texas regulators to stop issuing data-center permits until a grid audit is done (press). News report · Sept. 2026
  6. 2028
    First 360 MW due
    Target energization for the first grid block under the design agreement. see Permits
  7. Not set
    Generation permit: none
    No state air permit for on-site generation was found. see Permits

Grid upgrades

No grid upgrade for this campus's load is on record. Related grid records in the area:

Permits

Permits checklist

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

Texas counties have no zoning power, so the county development agreement is the main entitlement on record.

Risks

What could slow it down

Money

Money on record

$15M
road work Tract committed to in the development agreement
FM 2720; County Judge, March 2026 Local government · March 2026
$1.1B
raised by a Fleet Data Centers fund
Tract Capital's data-center arm; Dec. 2025 SEC notice; not tied to this park SEC filing · Dec. 2025

Not on record: county tax abatements: none yet, none granted by March 12, 2026, while Tract does horizontal work Local government · March 2026; land prices and project financing: not disclosed, closings in May 2025 and Jan. 2026 Company · Jan. 2026

Timeline

What happened, and what is due

SitePaper trailConstructionPowerPermitsMoneyLegalUpcoming
  1. Oct. 2024
    Permits Tract files for planning permission with the City of Uhland for land on FM 2720, the project's first public trace News report · Oct. 2024
  2. May 7, 2025
    Site Tract buys 1,515 acres from Walton Global, says the park can support over 2 GW, and signs a utility design agreement for 360 MW Company · May 2025
  3. Jan. 13, 2026
    Site Tract closes on 1,458 more acres, reaching 2,973, and raises its target to more than 4 GW Company · Jan. 2026
  4. Jan. 13, 2026
    Power Tract plans on-site generation and a 1.6 GW substation with Bluebonnet and LCRA Company · Jan. 2026
  5. March 12, 2026
    Permits County Judge says Tract committed $15M of road work, has no tax breaks yet and is only doing horizontal work Local government · March 2026
  6. April 7, 2026
    Site Uhland residents push back on PowerHouse's plan for a facility inside the park; it later seeks to leave city jurisdiction (press) News report · April 2026
  7. May 14, 2026
    Permits County Commissioners Court passes a resolution on new data centers in Texas, noting counties have no zoning power Local government · May 2026
  8. May 29, 2026
    Power Bluebonnet puts its County Line substation out to bid; link to the park inferred Company · May 2026
  9. Sept. 21, 2026
    Permits Governor halts state data-center permits pending a grid audit (press) News report · Sept. 2026
  10. Dec. 10, 2026
    Permits ERCOT audit report due News report · Sept. 2026
  11. March 2027
    Power Bluebonnet's County Line substation work is scheduled for March 2027 (link to the park inferred) Company · May 2026
  12. 2028
    Power First 250 MW due in Q1 2028 and the first 360 MW grid block in 2028 (company) Company · Jan. 2026
Construction activity

Satellite captures by quarter

Since Dec. 2021: 72 satellite captures. The chart starts in the first quarter of 2023; 5 earlier records are not drawn.

Satellite
’23
’24
’25
’26
Dot size: records in the quarter, largest = 6. Two-digit years mark each first quarter.
The buildings

Specs

2,973 acres
1,515 acres bought in May 2025 plus 1,458 acres in Jan. 2026
1.6 GW
planned on-site substation rating
800 jobs
at full build-out, company estimate (press)
~500 acres
PowerHouse Data Centers is reported to be pursuing a site inside the park (press)
Who is involved

Owners, partners and builders

Owners
  • Tract: Denver-based developer and landowner
  • Tract Capital Management: parent; Grant van Rooyen is its CEO and Tract's executive chairman
  • Walton Global Holdings: sold the original 1,515 acres
Decision-makers
  • Caldwell County Commissioners Court: development agreement; no zoning power
  • City of Uhland: received the first planning filing in Oct. 2024
  • Texas Commission on Environmental Quality: air permits for any on-site plant
Power partners
  • Bluebonnet Electric Cooperative: retail utility and design-agreement counterparty
  • LCRA: wholesale power and transmission; owns the substation bays
In the park
  • PowerHouse Data Centers (owned by American Real Estate Partners): reported to be pursuing about 500 acres (press)
  • County Line Special Utility District: reported water provider (unconfirmed)
Opponents
  • Caldwell Data Center Action Team
Still unknown

Open questions

Where this comes from

325 records from 23 documents

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

News report 9Company 5Dataset 5SEC filing 4Local government 2Satellite 0
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 (31)
  • Transmission provider: LCRA (wholesale power and transmission; substation bays owned and dressed out by LCRA)
    “Total bays and breakers to be owned and dressed out by LCRA”
  • Grid operator: ERCOT
    “the State of Texas electrical grid, managed by the Electric Reliability Council of Texas (ERCOT), is experiencing rapidly increasing demand for electricity”
  • Governing jurisdiction: Unincorporated Caldwell County: Texas counties have no zoning authority, so entitlement runs through the county development agreement plus subdivision/drainage permits; the original October 2024 p
    “under current Texas law, counties do not possess general zoning authority and are not granted broad land-use regulatory powers comparable to those of municipalities”
  • Utility: Bluebonnet Electric Cooperative (retail electric provider)
    “That would be LCRA for the wholesale power and Bluebonnet for the retail power”
  • Conditions of approval: County development-agreement standards described by the County Judge: closed-loop cooling; quantifiable water-use caps per MW with clawbacks; stormwater quality treatment to TCEQ Edwards Aquifer r
    “We are requiring of these guys when we get them into these closed loop systems, and we are putting quantifiable restrictions on how much water they can use”
  • Stage: Entitled land bank in horizontal works: land closed, utility agreement executed, development agreement in place - but zero buildings, zero tenants, zero generation permits; the 4,000 MW is announced park capacity
    “they are just doing the horizontal work right now and entitling their plants”
  • Paper or real: Real: 2,973 acres closed, Facility Design Agreement executed, development agreement with a $15M roadway commitment, horizontal work underway. Paper: 4,000 MW marketed ceiling, no tenant, no buildings, no g
    “supported by a custom development agreement enabling data center and advanced manufacturing uses”
  • Utility service: 250 MW
    “Tract, Bluebonnet and LCRA are planning for an onsite substation capable of scaling to 1.6GW, with the first 250MW of capacity contracted for delivery in the first quarter of 2028.”
  • Interconnection status: ERCOT (Bluebonnet EC / LCRA transmission): first 250 MW contracted for Q1 2028 delivery; on-site substation planned to scale to 1.6 GW; sponsor discloses the position itself - ERCOT publishes no p
    “Tract, Bluebonnet and LCRA are planning for an onsite substation capable of scaling to 1.6GW, with the first 250MW of capacity contracted for delivery in the first quarter of 2028.”
  • large load interconnection request: first 250 MW contracted for delivery Q1 2028; on-site substation planned to scale to 1.6 GW
    “Tract, Bluebonnet and LCRA are planning for an onsite substation capable of scaling to 1.6GW, with the first 250MW of capacity contracted for delivery in the first quarter of 2028.”
  • Power plan: hybrid
    “We require on site natural gas generation once they get past one substation, so they will have to generate their own power if they need more power than that”
  • Stated campus size: 4,000 MW
    “The full ~3,000-acre technology park can support more than 4GW of data center capacity”
  • Stated campus size: 4,000 MW
    “The full ~3,000-acre technology park can support more than 4GW of data center capacity”
  • Load contract: First 250 MW of capacity contracted for delivery in Q1 2028; counterparty not disclosed
    “with the first 250MW of capacity contracted for delivery in the first quarter of 2028”
  • On-site generation status: Plans initiated for on-site power generation that will become grid-connected; technology, OEM and MW not disclosed by Tract
    “In addition, Tract has initiated plans for onsite power generation that will become grid connected”
  • Current target date: 2028-Q1
    “with the first 250MW of capacity contracted for delivery in the first quarter of 2028”
  • Moved from campus facts field 'substation capacity stated': 1,600 MW. Planned on-site substation scale - a substation rating, NOT delivered load and NOT generation capacity
    “Tract, Bluebonnet and LCRA are planning for an onsite substation capable of scaling to 1.6GW”
  • Developer model: Powered-land developer: acquires, entitles and powers master-planned parks for other companies to build data centers on; does not itself operate data centers
    “Tract provides master-planned data center parks to facilitate speed and certainty in developing new data center capacity”
  • Stated campus size: 2,000 MW
    “Fully entitled property will support over 2GW at full build-out, with initial utility delivery scheduled for the first half of 2028”
  • Utility service: 360 MW
    “Tract has executed a Facility Design Agreement with Blue Bonnet Electric Cooperative that secures long lead equipment with a target energization date for the initial 360MW in 2028”
  • Interconnection status: Facility Design Agreement executed with Bluebonnet Electric Cooperative; long-lead equipment secured; initial 360 MW target energization 2028
    “secures long lead equipment with a target energization date for the initial 360MW in 2028”
  • Original target date: 2028 (initial utility delivery scheduled for the first half of 2028)
    “initial utility delivery scheduled for the first half of 2028, with provisions for supplemental on-site generation”
  • Nearest substation: 7.0 km
    Measured on OpenStreetMap map data.
  • Nearest transmission line: 0.22 km
    Measured on OpenStreetMap map data.
  • Nearest gas pipeline: 1.89 km
    Measured on OpenStreetMap map data.
  • Aliases: Data Center Technology Park (tracker name); Tract Caldwell County Uhland
    “Data Center Technology Park | Tract | Uhland, Caldwell Co. | 2,973 acres; 4 GW plan; 360 MW phase one”
  • Aggregator tracker lists the park as Permitted; early works with 360 MW phase one. No building or generation permits were located in this pass to support permitted; horizontal works are corroborated by the County Judge
    “Data Center Technology Park | Tract | Uhland, Caldwell Co. | 2,973 acres; 4 GW plan; 360 MW phase one | Permitted; early works”
  • Caldwell County delivery-pocket context: LCRA TSC TPIT 104628 (Joliet Substation Addition, 69 kV, projected in-service Dec. 31, 2028) constructs a new substation south of Lockhart "to serve load for BBEC" (Bluebonnet Electr
    “LCRATSC Joliet Substation Addition. Construct a new substation to serve load for BBEC. This substation will be located in the south of the city of Lockhart area close to LCRA TSC owned T157 Lockhart - Magnolia Mercer.”
  • PowerHouse moved in late April 2026 to release its proposed in-park facility from the City of Uhland's jurisdiction into Caldwell County jurisdiction, after heavy pushback at the April 7, 2026 Uhland City Council meeting
    “developers moved to de-annex into Caldwell County jurisdiction in late April”
  • On-site power technology: natural gas (reported)
    “Tract also said it has initiated plans for on-site power generation that will become grid-connected. Details have not been shared, but BizJournal reports it will be a natural gas plant”
  • Workforce estimate: 800 jobs
    “Executives from Denver-based Tract said its 1,515-acre data center campus at the Caldwell County megasite could support 800 jobs and 4 gigawatts of data center space at full buildout”
Money and contracts (14)
  • Incentives: None granted as of March 12, 2026: no Chapter 312/381 tax abatement or other incentive executed for Tract
    “One of the things we have done with Tract... we have not incentivized them yet”
  • development agreement: roadway commitment 15000000 USD
    “But we have gotten them to commit to, in a development agreement, $15 million worth of roadway work on 2720”
  • development agreement: environmental conditions County standard package described by the County Judge for its data-center agreements: closed-loop cooling, water-use caps per MW with clawbacks, stormwater treatment to TCE
    “We require on site natural gas generation once they get past one substation”
  • tax abatement (Chapter 312): status none No Chapter 312 or 381 incentive agreement executed for Tract as of March 12, 2026
    “We have not incentivized them yet because they are just doing the horizontal work right now and entitling their plants”
  • Tenants: none signed; no end-user tenant disclosed
    “The full ~3,000-acre technology park can support more than 4GW of data center capacity in a strategic location to support cloud, AI inferencing and AI training”
  • Financing: No project financing disclosed for this campus; land acquisitions closed in May 2025 and January 2026 with prices not disclosed
    “today announced that it has added 1,458 acres of contiguous land to its existing 1,515-acre Caldwell Valley Technology Park in Caldwell County, Texas through two recently closed acquisitions”
  • development agreement: permitted uses Enables data center and advanced manufacturing uses across the park
    “supported by a custom development agreement enabling data center and advanced manufacturing uses”
  • facility design agreement (utility): scope Secures long-lead equipment for the initial 360 MW grid delivery
    “Tract has executed a Facility Design Agreement with Blue Bonnet Electric Cooperative that secures long lead equipment”
  • facility design agreement (utility): deadline Target energization of the initial 360 MW in 2028; initial utility delivery scheduled for the first half of 2028
    “with a target energization date for the initial 360MW in 2028”
  • facility design agreement (utility): termination cancellation conditions NOT DISCLOSED - finding: no termination, cancellation or condition clauses are stated in any public source, and the executed agreement itself is no
    “Tract has executed a Facility Design Agreement with Blue Bonnet Electric Cooperative”
  • development agreement: termination cancellation conditions UNVERIFIED - finding: the agreement text could not be read first-hand (Google Drive viewer only); termination, cancellation and deadline clauses beyond the FM 27
    “Tract Dev Agreement.pdf - Google Drive”
  • Sponsor-level financing capacity (NOT this campus): Tract Capital's Fleet Data Centers priced $3.8B of 5.875% senior secured notes (Feb 2026) and closed $4.6B of 6.5% senior secured notes for its 230 MW Storey County, Ne
    “Tract's parent, Tract Capital, recently launched a dedicated data center developer, known as Fleet DC”
  • Tenant status: none signed; PowerHouse Data Centers reported to be pursuing a ~500-acre facility inside the park (prospective developer-buyer, not a tenant)
    “it is known that the company is looking to build the data center in the Caldwell Valley Technology Park”
  • Uhland Mayor Lacee Duke - who publicly welcomed Tract in May 2025 - was arrested by Texas Rangers for misapplication of fiduciary property, and the Uhland City Council considered restricting the mayor's authority (Austin
    “The Uhland City Council will meet Thursday night to consider an agenda that could restrict Mayor Lacee Duke's authority to participate in city governance and finances, following her arrest by Texas Rangers”
Permits and government (9)
  • substation construction procurement: bids solicited
    “Provide construction services to install two (2) new three (3) bay A-frames, and one (1) new five (5) bay A-frame”
  • Caldwell County Commissioners Court: Resolution 29-2026 regarding the establishment of additional data centers in the State of Texas
    “PASSED, APPROVED, AND RESOLVED this the 14th day of May, 2026”
  • Caldwell County Commissioners Court (workshop): Item F.1: workshop on the scope of Caldwell County authority and regulatory limitations under Texas law related to data center development; County Judge described the Tract
    “One of the things we have done with Tract you have heard that a lot in the news we have not incentivized them yet”
  • county development permits (subdivision / drainage): searched - none located
    “We can regulate subdivision of land... We can require development permits. That is limited to drainage review primarily”
  • Governor Abbott directed TCEQ to halt issuance of permits for data center projects pending the ERCOT/PUCT audit (Batch Zero Eligibility RFI Sep 9, 2026; State and Community Impact RFI Sep 14, 2026, responses due Oct 12,
    “Abbott ordered ERCOT and the PUC in August to conduct a comprehensive verification of data centers moving through ERCOT's interconnection process”
  • Uhland City Council: PowerHouse Data Centers proposal for a facility inside the Caldwell Valley Technology Park; heavy resident pushback
    “Big community pushback in Uhland city council on April 7th, 2026 - developers moved to de-annex into Caldwell County jurisdiction in late April”
  • Announced: Oct. 2024
    “News that the company was seeking to develop in Texas first surfaced in October 2024. The company had previously filed for planning permission with the Uhland City Council for land along Farm to Market Road 2720”
  • planning filing: filed
    “The company had previously filed for planning permission with the Uhland City Council for land along Farm to Market Road 2720”
  • Uhland City Council: Tract planning filing for land along FM 2720 (first public surfacing of the project)
    “News that the company was seeking to develop in Texas first surfaced in October 2024”
Legal (1)
  • Opposition: Caldwell Data Center Action Team, a Lockhart-based grassroots group, tracks and opposes Caldwell County data centers including this park; residents pressed the Commissioners Court at the Mar 12, 2026 workshop
    “The Caldwell Data Center Action Team is a non-partisan, grassroots organization dedicated to protecting Caldwell County from the rapid expansion of data centers”
Site and other (13)
  • Construction stage: horizontal work / site preparation underway; no vertical data-center construction
    “We have not incentivized them yet because they are just doing the horizontal work right now and entitling their plants”
  • Sponsor fund amount sold: 1108850000
    “<totalAmountSold>1108850000</totalAmountSold>”
  • Site acres: 2973 acres
    “1,458 acres added to existing 1,515-acre Caldwell Valley Technology Park = 2,973 acres total (1515 + 1458 = 2973)”
  • Name: Caldwell Valley Technology Park
    “TRACT CLOSES ON TWO INCREMENTAL LAND ACQUISITIONS ADDING 1,458 ACRES TO CALDWELL VALLEY TECHNOLOGY PARK IN CALDWELL COUNTY, TEXAS”
  • Acres: 2973 acres
    “it has added 1,458 acres of contiguous land to its existing 1,515-acre Caldwell Valley Technology Park in Caldwell County, Texas through two recently closed acquisitions”
  • Developer: Tract
    “Tract, a developer of master-planned data center campuses, today announced its acquisition of a 1,515-acre land parcel in Caldwell County, Texas”
  • Acres: 1515 acres
    “today announced its acquisition of a 1,515-acre land parcel in Caldwell County, Texas in the rapidly growing area between Austin and San Antonio”
  • Land control date: May 7, 2025
    “TRACT CLOSES ACQUISITION OF 1,515 ACRES IN CALDWELL COUNTY, TEXAS”
  • Announced: May 7, 2025
    “May 07, 2025 (GLOBE NEWSWIRE) -- Tract, a developer of master-planned data center campuses, today announced its acquisition of a 1,515-acre land parcel in Caldwell County, Texas”
  • Location description: FM 2720 corridor near Uhland, Caldwell County, TX, north of Lockhart; across FM 2720 from the Prime Data Centers site
    “FM 2720, across from Prime - 2,973 acres”
  • Water provider: County Line Special Utility District (per opposition tracker; unconfirmed)
    “Water Provider: County Line Special Utility District”
  • Land seller: Walton Global Holdings LLC (Arizona-based)
    “The company said its acquisition from Arizona-based Walton Global Holdings LLC comes after 18 months of working with myriad state agencies, local communities and utility providers”
  • Original parcel seller: Walton Global Holdings LLC sold the original 1,515 acres (May 2025)
    “Walton Global Holdings LLC (seller of the original 1,515 acres)”
    grade C

Imagery and records: Satellite imagery: Maxar via Esri World Imagery Wayback.