A data center in Memphis just filed a $575 million permit — and it’s not SpaceXAI
Artificial intelligence infrastructure provider 5C Data Centers, part of 5C Group, bought the Fred’s Inc. corporate headquarters in Memphis with plans to turn it into a data center. (Courtesy 5C Group)
In 2025, an official said the data center project would create more than 250 jobs with an investment of more than $500 million.
Topics
5C Group 5c MEM01 Walker General ContractorsNoah McLane
Noah McLane reports on business for The Daily Memphian. He was born and raised in Tennessee and attended journalism school at Middle Tennessee State University, where his passion for community-focused storytelling blossomed.
Prior to writing for the business section, Noah was the editor-in-chief of his college newspaper, worked on general assignment for the Jackson Hole News & Guide in Jackson, Wyoming, and was most recently the statehouse reporter for The Daily Memphian.
Comments
Want to comment on our stories? If you’re a subscriber, scroll down to the comments. If you’re not a subscriber, only paid subscribers can add their thoughts, so subscribe now. Our commenting policy can be viewed here.