Patmos Hosting Secures $100M C-PACE Loan for Kansas City AI Data Center Development
Patmos Hosting has secured a historic $100 million C-PACE loan from PACE Loan Group to develop an AI data center at the former Kansas City Star building in Downtown Kansas City, Missouri. This project, which includes energy-efficient upgrades and the conversion of 150,000 square feet into a multi-tenant technology hub, is expected to be completed by March 2026, with AI firm Nebius among the confirmed tenants. The financing will enhance the facility's cooling and electrical infrastructure, supporting Patmos's commitment to sustainability.
Theia Market Signal Identification - AI Assisted
Patmos Hosting has acquired a $100 million Commercial Property Assessed Clean Energy (C-PACE) loan from PACE Loan Group to develop an AI data center at the former Kansas City Star building in Downtown Kansas City, Missouri. This financing represents the largest C-PACE deal in Missouri's history and will be used for energy-efficient upgrades at the 421,112-square-foot, four-story facility, which will support a 35-megawatt power capacity.
Construction commenced in late 2024, with completion expected in March 2026. The project includes converting nearly 150,000 square feet into a multi-tenant technology hub. Multiple tenants, including AI firm Nebius, have signed leases. The C-PACE loan will fund critical improvements for the center's cooling and electrical infrastructure, aligning with Patmos's business model focused on sustainability and efficiency.
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