In partnership with

The ice cream shop that makes money when it's cold

28 Wishes sells ice cream in Los Angeles. Below 70°F, sales fall about 20%. The weather is out of their hands. Rent isn't.

So the owners started putting about $20 a day into Kalshi weather markets, taking the cold side. The days that keep customers away now pay something back.

This is hedging. Big companies have done it for decades, buying protection against bad weather, fuel spikes and rising rates. It used to take a broker, a trading desk, and an order size no corner shop could meet.

Kalshi opens it up. Contracts on weather, fuel prices, inflation, tariffs and regulation, starting at a few dollars. Take a position on the outcome that would hurt you. If it hits, the payout softens it. If it doesn't, the contract expires and the good month was the point.

A proposed $2.64 billion Illinois redevelopment phase. Up to 15 new AWS buildings in Missouri. An 11-building Georgia campus. And two more projects approaching important approvals.

The next major data center construction opportunity doesn't always begin with a groundbreaking announcement.

Sometimes it starts with a county filing. A land acquisition. A utility agreement. Or a developer presenting plans for a former industrial property.

This week, we're tracking five U.S. developments where those early signals are beginning to take shape.

The projects span Illinois, Missouri, Georgia, and South Carolina. Together, they represent substantial potential work across demolition, civil construction, electrical infrastructure, mechanical systems, and data center buildings.

But there's an important distinction: none of the five projects has a newly verified open subcontractor solicitation or general contractor award.

That's precisely why they're worth following now.

TRACK THE PROJECTS BEFORE THE BIDS

The free DCCR 25 Project Tracker helps contractors follow major U.S. data center developments, locations, developers, and construction milestones.

Don't wait until a project is already under construction to start researching it.

1. ILLINOIS: TERRAWATT PROPOSES $2.64B PHASE AT FORMER STEEL MILL

PROJECT: Riverbend Technology Center
DEVELOPER: TerraWatt
LOCATION: Alton, Illinois
PRIORITY: HIGH — Early development

A former steel mill along the Mississippi River could become a major new data center campus.

TerraWatt is pursuing the redevelopment of approximately 381 acres at the former Alton Steel property, with a long-term concept for up to 1GW of data center capacity.

The developer envisions building the campus in 200MW phases, with estimated investment of approximately $2.64 billion per phase.

That figure is a developer projection—not committed financing or an awarded construction budget.

What the project includes

  • Approximately 381 acres of former industrial property

  • Roughly 1.26 million square feet of existing industrial structures

  • Proposed initial 200MW development phase

  • Potential eventual capacity of 1GW

  • Demolition, environmental remediation, grading, and utility infrastructure

  • Proposed union construction labor under a project labor agreement

TerraWatt has discussed beginning demolition and site preparation in 2027, subject to approvals.

Latest development: Public meetings bring new scrutiny

The developer held a community open house on October 27.

At the October 28 Alton City Council meeting, residents raised concerns about environmental impacts, water use, and the proposed development.

The City of Alton has indicated that the project requires formal rezoning and detailed site-plan review. No approved construction program has been confirmed.

The city has also discussed securing independent engineering, planning, and environmental expertise to review the development.

Why contractors should care

Riverbend's potential construction opportunities begin well before the first data center building.

Demolition contractors, environmental-remediation specialists, civil contractors, grading companies, and electrical infrastructure firms could all have roles if the project proceeds.

Later phases could involve major mechanical, electrical, cooling, and building construction packages.

Contractor status: No general contractor appointment or open bid package independently verified.

DCCR WATCH: Rezoning filings, environmental review, city technical-review procurement, demolition packages, and construction-team appointments.

2. MISSOURI: AWS EXPLORES SECOND CAMPUS WITH UP TO 15 BUILDINGS

DEVELOPER: Amazon Web Services
LOCATION: Montgomery County, Missouri
PRIORITY: HIGH — Site development

Amazon Web Services is exploring another substantial data center campus in central Missouri.

The proposed development would cover approximately 890 acres near Danville and could include up to 15 buildings.

AWS representatives presented the concept to Montgomery County commissioners on October 22.

The potential development is separate from Amazon's existing New Florence campus.

Project intelligence

  • Proposed site: Approximately 890 acres

  • Potential buildings: Up to 15

  • Development stage: Land acquisition and preliminary planning

  • Possible construction period: 2027–2029

  • Investment: Not disclosed for this second campus

  • Electrical demand: Not disclosed

The proposed property acquisition had not been finalized when the plans were first reported.

Why contractors should care

A campus of this scale could eventually generate substantial demand for site clearing, earthwork, road construction, foundations, utility infrastructure, electrical distribution, cooling systems, and data center building construction.

But the project remains at an early stage.

No construction manager, general contractor, or procurement schedule has been publicly confirmed for the proposed second campus.

DCCR WATCH: Property acquisition, county approvals, utility commitments, and the first construction-team announcements.

Source: Data Center Dynamics, October 2026 reporting.

3. GEORGIA: $3.5B EATONTON DATA CENTER FILING OUTLINES 11 BUILDINGS

PROJECT: Eatonton 379
APPLICANT: Eatonton 379, LLC
LOCATION: Putnam County, Georgia
PRIORITY: HIGH — Regional development review

A new Georgia Development of Regional Impact filing describes an ambitious data center campus along Glenwood Springs Road in Putnam County.

The proposed development includes 11 buildings across approximately 542 acres.

Its estimated electrical demand could reach 520MW.

Project intelligence

  • Proposed investment: Approximately $3.5 billion

  • Land area: Approximately 542 acres

  • Buildings: 11

  • Total building area: Approximately 3.5 million square feet

  • Proposed electrical demand: 520MW

  • Target completion: 2031

  • DRI reference: #4861

The investment and capacity figures are applicant estimates, not awarded contracts or confirmed utility commitments.

A significant local obstacle

Putnam County has extended its data center moratorium through November 17, 2026.

That creates uncertainty around the project's path to local approval.

A state regional-review filing does not independently authorize construction.

Why contractors should care

If approved, the proposed campus could create a significant pipeline of site preparation, grading, roadwork, foundations, water infrastructure, substations, electrical construction, mechanical systems, and data center buildings.

However, the ultimate developer behind the applicant entity has not been independently established.

No general contractor has been verified.

DCCR WATCH: DRI #4861, the November 17 county moratorium milestone, developer identification, utility planning, and contractor selection.

4. SOUTH CAROLINA: AIB'S 50MW AI DATA CENTER APPROACHES NOVEMBER 3 HEARING

PROJECT: AIB CLT1
DEVELOPER: AIB Data Centers
CUSTOMER: Nebius
LOCATION: Moore, Spartanburg County, South Carolina
PRIORITY: HIGH — Development agreement

AIB Data Centers plans to convert a former cryptocurrency-mining property into a purpose-built AI data center.

The proposed development at 389 Tyger River Industrial Drive would include two 25MW data halls serving Nebius.

AIB has identified a 65MW utility arrangement and is targeting delivery in the fourth quarter of 2027.

Project intelligence

  • Planned IT capacity: 50MW

  • Utility arrangement: 65MW

  • Proposed buildings: Two 25MW data halls

  • Site: Approximately 16 acres

  • Combined proposed developer and tenant investment: Approximately $1.2 billion

  • Target delivery: Q4 2027

The reported investment is not an awarded construction contract.

Next milestone: November 3

Spartanburg County is scheduled to consider the proposed development agreement on November 3.

The project must also address its status under the county's data center moratorium.

The hearing represents an important potential step toward development, but approval has not yet been confirmed.

Why contractors should care

Replacing cryptocurrency-mining infrastructure with AI computing facilities could involve equipment removal, major electrical upgrades, cooling systems, data hall construction, networking, and commissioning.

The identified customer and power arrangement provide more project specificity than many early-stage proposals.

Construction financing, permits, and final contractor appointments remain outstanding.

DCCR WATCH: November 3 county hearing, final development agreement, construction financing, building permits, and GC appointment.

Source: Data Center Dynamics, October 2026 reporting.

5. GEORGIA: PROJECT CAMELLIA REVEALS SIX-BUILDING PLAN AS KEY APPROVALS APPROACH

PROJECT: Project Camellia
DEVELOPMENT ENTITY: Octans GA LLC
DEVELOPER AFFILIATION: OpenAI, as identified in reporting
LOCATION: Effingham County, Georgia
PRIORITY: HIGH — Site planning and federal permitting

Project Camellia is approaching two important regulatory milestones in coastal Georgia.

An updated site plan describes six data center buildings across a proposed development of approximately 1,347 acres.

The proposal also includes two electrical substations, cooling infrastructure, a warehouse, an operations building, and associated electrical facilities.

Earlier reporting described four buildings. The updated six-building plan reflects the newer reported site configuration.

Two decisions contractors should follow

November 3 — County site-plan review

Effingham County commissioners are scheduled to consider the project's updated site plan.

November 4 — Federal wetlands comment deadline

Separately, a federal wetlands permit application seeks authorization for impacts affecting approximately 72 acres.

The two processes are distinct. County site-plan approval would not replace any required federal wetlands authorization.

Why contractors should care

The site plan identifies potential construction needs across civil infrastructure, drainage, stormwater management, electrical substations, cooling systems, utility corridors, and large data center buildings.

The federal wetlands process could influence construction sequencing and mitigation requirements.

General contractor status

OpenAI's published Project Camellia FAQ states that the company is conducting a competitive process to select a partner to construct and operate the campus.

As of this research cutoff, no final construction-partner appointment has been independently verified.

The project has also established a local supplier-registration process, although registration does not establish that bidding is open.

DCCR WATCH: November 3 site-plan decision, November 4 wetlands comment deadline, construction-partner selection, and future subcontractor procurement.

Sources: Project Camellia official project information and Data Center Dynamics, October 2026 reporting.

THE BIG PICTURE: FIVE PROJECTS, THREE CONSTRUCTION SIGNALS

This week's developments reveal three important patterns.

1. Industrial conversions can create early contractor opportunities.

Riverbend in Illinois and AIB in South Carolina could require substantial work to prepare existing industrial sites for modern computing infrastructure.

2. Public filings can identify projects before contractor awards.

AWS's Missouri proposal and Eatonton's Georgia DRI filing provide early visibility into potential development pipelines, even without confirmed construction teams.

3. Approvals can determine when procurement begins.

Riverbend faces rezoning and environmental review. Eatonton faces a local moratorium. AIB and Project Camellia have significant regulatory milestones approaching.

The project with the largest announced investment isn't necessarily the project closest to construction.

For contractors, the more useful signals are confirmed land control, permits, utility arrangements, financing, construction management appointments, and actual bid solicitations.

NEED PROJECT INTELLIGENCE FOR YOUR MARKET?

MyDataCenterScout — $99 Opportunity Brief

Looking for data center opportunities in a specific state, metro area, or trade?

MyDataCenterScout provides targeted project research to help contractors identify developments worth pursuing.

Instead of tracking every announcement nationwide, focus on the projects relevant to your business.

THREE MORE PROJECTS ON OUR RADAR

Aleria / Bitari — Wheeler, Texas

A proposed conversion of an existing cryptocurrency-mining facility into AI data center infrastructure. Preliminary engineering and procurement arrangements have been reported, but funding and final EPC scope require confirmation.

Microsoft — Pataskala, Ohio

Microsoft has acquired additional land in Licking County. No separate construction program or GC appointment has been verified for the newly acquired parcels.

AWS — Posey County, Indiana

Amazon is exploring potential development sites in southwestern Indiana. Final site selection, investment, capacity, and construction plans remain unannounced.

THIS WEEK'S CONTRACTOR WATCHLIST

Project

Upcoming milestone

Riverbend, Illinois

Rezoning and environmental review

AWS Missouri

Land acquisition and site approvals

Eatonton 379, Georgia

November 17 county moratorium milestone

AIB CLT1, South Carolina

November 3 county hearing

Project Camellia, Georgia

November 3 site-plan review; November 4 wetlands deadline

No new open subcontractor solicitations or confirmed general-contractor awards were independently verified for the five featured developments.

THE BOTTOM LINE

Five projects. Four states. Multiple potential construction pipelines.

From industrial demolition in Illinois to major greenfield development in Missouri and Georgia, the next generation of data center construction opportunities is beginning to take shape.

But announcements alone don't create contracts.

Approvals, financing, utility commitments, contractor appointments, and procurement decisions determine when opportunities become actionable.

That's what Data Center Contractor Report will continue tracking.

Stay informed before the next construction award.

Data Center Contractor Report | William Coit, Publisher

Research cutoff: October 31, 2026. Project descriptions, investment estimates, electrical capacity, schedules, and approvals are subject to change. The report distinguishes proposed developments from confirmed construction awards and open procurement opportunities.