Real estate firm Lincoln Property Company said that it will build – along with partners fiber provider Gigabit Fiber and investment firm Tradition Holdings – an 800,000-square-foot data center and technology space complex in Red Oak, Texas.

The Dallas-Fort Worth Metroplex project, according to Lincoln, will have a 540-megawatt (MW) capacity and, according to other media reports, could see an investment of $1 billion or more.

All three companies are based in Dallas.

The completed project, Lincoln said, will be able to support cloud computing, artificial intelligence (AI), and high-capacity, low-latency optical networks and will provide "a central hub of connectivity within the scaling South Dallas submarket and tied back to the network core of the broader Dallas market."