DataBank Centennial Campus / DEN5: capacity plans meet the delivery test
New research published October 8, 2026 · earlier milestones dated in profile · Sources reviewed: 2026-10-08
Published 2026-10-08. Historical events retain their source dates; this publication does not imply a new project milestone.
City’s April 2025 bulletin confirms DEN5 opened the preceding fall; current utilization unverified.
Investor implications · Our analysis
Operator lists DEN5 16 MW and DEN2 4 MW critical IT capacity within one campus. This is design/available capacity, not metered utilization or revenue. No campus acquisition price, project financing close, occupancy, lease yield or margin was verified. Xcel service association is company-reported; no incremental utility earnings assigned. Our analysis: an opened facility offers nearer-term lease-up relevance than a proposed megacampus, while AI customer exposure remains unproven.
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Verify current lease-up, delivered high-density deployments and incremental power terms
Sources and verification
5 readable source documents including government evidence. Government scope and announcement-based reporting limitations disclosed; no inaccessible underlying PDF counted.
- City of Centennial Economic Development · 2025-04-04
Government business bulletin states DEN5 at 6961 S Quentin Street opened the previous fall. This establishes city acknowledgment of opening, not a permit/inspection certificate, occupancy level, delivered MW or named AI customer.
- DataBank · 2021-07-26
Original acquisition disclosure identifies 6961 S Quentin Street as future DEN5 adjacent to DEN2. Historical initial 6 MW plan is not current operating load; no project debt or customer award established.
- DataBank · 2024-09-04
Announces October 3, 2024 grand-opening event and 16 MW critical IT capacity. Announcement alone is not event completion; later city bulletin supports opening. Historical 75,000-square-foot description differs in scope from current 56,000 IT square feet.
- DataBank · Publication date not established
Current operator page lists DEN2 4 MW and DEN5 16 MW critical IT capacity and 56,000 IT square feet for DEN5; shared 11-acre campus and Xcel off-site substation. Company capacity is not measured utilization or tenant-accepted load.
- DatacenterDynamics · 2022-02-03
Reports purchase of formerly leased DEN2 and integration with adjacent DEN5 conversion into one campus. Historical 15 MW full DEN5 plan superseded by current 16 MW company figure. Article substantially draws on company statements; same underlying disclosures not independent corroboration.
Page Update History
— Added publisher attribution, AI disclosure and this update-history section. This presentation update does not represent a new factual source review.
Earlier publication and source-review dates remain as stated on this page. This is the first entry in this standardized log; it is not a reconstruction of earlier revisions.
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