Colovore won approval from the Hutto City Council to build a 180,000-square-foot data center and 13,000-square-foot flex office space at a 118-acre industrial park. The project will be located at what’s known as the Ironwood Tract at 2351 Innovation Blvd., at the intersection of State Highway 130 and West U.S. 79. The more than 1 million-square-foot industrial park, which Hutto annexed in 2022, is a joint venture of Velocis, Ironwood Realty Partners and California-based MBK Industrial Properties.

The $500 million project would bring the first known tenant to the Ironwood Tract in Hutto. Construction started earlier this year on the first phase of the industrial park, which developers previously said would consist of three speculative buildings totaling about 660,000 square feet. The second phase will total about 667,000 square feet, also across three buildings.

Colovore was founded in 2012. The company specializes in liquid-cooled, high-density colocation for artificial intelligence and high-performance computing.

The site is about 10 miles west of Samsung Electronics Co. Ltd.’s growing campus and about 20 miles north of Tesla Inc.’s massive gigafactory in eastern Travis County.