The US firm is making it happen through a partnership with Canadian development and construction firm First Gulf.
The new campus will be located “minutes from Toronto’s downtown core” and will offer “immediate capacity ready in mid-2022” as part of the first phase of the development, said Stack.
The facility will sit on 19 acres and will be six miles from the centre of downtown Toronto. It will be fed by three diverse substations served by Toronto Hydro for “maximum scalability and redundancy”.
Stack is partnering with First Gulf on site development, leveraging the firm’s 30 years of experience and more than $4 billion in developed assets within Greater Toronto and Ontario.
Brian Cox, Stack chief executive officer, said: “Our company continues to develop where our hyperscale and enterprise clients need to be, and we are now partnering with First Gulf to expand internationally to meet those needs.”
Ilias Konstantopoulos, chief executive officer of the Great Gulf Group, First Gulf’s parent company, added: “First Gulf knows the Toronto market as well as anyone. There is incredible potential here for long-term growth of digital communications infrastructure.”
Recently, Stack issued $400 million of securitised notes to aid its future growth. It is also just completing the build of a 24MW facility in Hillsboro, a suburb of Portland, US.
