QTS Aurora–Denver DEN1

FJI source-qualified: four-document gate met, including project-specific government evidence. Qualification evidence and decisions →

Project status: July 2026 site reporting documents phased buildout; full campus commissioning unverified. Capacity scope: Operator plans 160 MW+ critical campus capacity on 65 acres; delivered IT MW unknown. How we verify evidence.

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Phase-specific evidence; approximate locality pin. Reviewed October 8, 2026.

The investment takeaway

Our analysis: Aurora DEN1 is a strategically important hyperscale omission from Denver-area coverage. Blackstone ownership provides a public investment connection, but planned campus capacity does not establish present revenue or AI compute delivered.

Campus boundary and historical plans

This entry covers QTS Denver 1 at 1160 N Gun Club Road and associated campus development. DCD identifies a former JPMorgan site at the address. Existing facility, redevelopment and buildout are one campus entry; none is counted as a separate project. Aurora, Colorado is not Aurora, Illinois.

Capacity, power and cooling

QTS currently markets planned 160 MW+ critical capacity across 65 acres. Historical 2022 figures were 177 MW / 67 acres. No executed electricity supply terms or measured operating IT load was verified. CPR reports closed-loop cooling and quotes an Aurora Water official’s approximately 2,400 gallons daily at that time; not full-build water demand.

Government record: limited verified scope

Aurora’s public index at 1164 N Gun Club Road identifies DEN1 DC1 guard-shack plans, a building-permit index and guard-booth occupancy record B1982975 released July 3, 2024. The underlying occupancy PDF was inaccessible. Release dates are not issuance dates. Guard-booth records cannot establish campus operating authorization.

Construction and air-permit reporting

CPR’s July 8, 2026 reporting observes phased site activity and reports a July 2025 application for 98 additional diesel generators beyond 40 installed. The direct state permit and decision were not retrieved, so approval remains unverified. Generator nameplate ratings are not IT MW. A completed shell is not customer service.

Company roles and risks

QTS develops and operates; Blackstone is owner. Named AI customers, lenders and suppliers are not inferred. Air permitting, noise, grid delivery, phase sequencing and tenant acceptance affect economics. Direct issued permits, utility acceptance and dated productive service would improve readiness; adverse conditions or delays would weaken it.

Financial significance

The campus is a QTS development within Blackstone ownership. No project budget, debt closing, leases, site revenue or Blackstone earnings contribution was verified. Historical 177 MW / 67-acre marketing differs from current 160 MW+ / 65-acre disclosure; do not add them or interpret the difference as verified cancellation. Our analysis: phased delivery and regulatory compliance determine when planned capacity becomes billable service.

Sources and claim verification

Structured source and government-record audit → · Reviewed October 8, 2026.

Distinct project-specific documents; repeated releases count once. Company claims remain attributed and do not independently establish delivery.

1. City of Aurora · publication date not established · reviewed 2026-10-08

   Government index at 1164 N Gun Club Road identifies QTS DEN1 DC1 guard-shack plans B1911699–B1911701 released November 7, 2023, building permit B1911702 and guard-booth occupancy index B1982975 released July 3, 2024. Underlying occupancy PDF inaccessible. Index establishes listed records only; release date is not actual issuance date, and guard-booth occupancy is not campus occupancy.

   Government record →
2. QTS Data Centers · publication date not established · reviewed 2026-10-08

   Current operator page identifies Denver 1 at 1160 N Gun Club Road, Aurora, and planned 160 MW+ critical capacity across 65 owned acres. These are company plans, not delivered IT MW; current tenant and operating capacity unestablished.

   Company disclosure →
3. Colorado Public Radio · 2026-07-08 · reviewed 2026-10-08

   Original site reporting updated July 8 documents June 16 construction: one building described complete, another nearly finished, third footprint being prepared. Reports July 2025 air-permit amendment proposing 98 additional generators beyond 40 installed. Permit approval not verified from direct state record. Aurora Water official reports about 2,400 gallons daily; not a forecast for fully built campus.

   Independent local reporting →
4. DatacenterDynamics · 2022-07-25 · reviewed 2026-10-08

   Independent discovery of newly listed Denver campus; historical operator plan 177 MW / 67 acres. Current operator 160 MW+ / 65 acres supersedes these planning figures. Reporter notes former JPMorgan site; old facility and current redevelopment are one campus here, not two entries.

   Independent specialist reporting →