Blackstone Digital Infrastructure Trust

A former Remington gun factory in New York, which closed in 2024 following bankruptcy and relocation, is set to be converted into a 200MW data center. The specific developer behind the project is not identified in the available summary. The adaptive reuse of a large industrial facility for a substantial 200MW data center represents a significant project that could attract infrastructure vendors, power equipment suppliers, and construction firms. The conversion of brownfield industrial sites into data centers is an emerging trend, and this project in New York could signal new market entry or expansion opportunities. Given the early announcement stage, there is time for BD professionals to engage but monitoring for developer identification is critical.

Blackstone Digital Infrastructure Trust, a newly-formed REIT backed by Blackstone, filed with the SEC to raise up to $100 million in an IPO. The New York-based company targets newly-constructed, stabilized data center properties leased to investment-grade hyperscale tenants on long-term contracts. Founded in 2025, it plans to list on the NYSE under the symbol BXDC. Goldman Sachs, Citi, Morgan Stanley, and 14 other firms are joint bookrunners. No pricing terms were disclosed. GCs and vendors serving hyperscale data center construction should monitor this vehicle for future acquisition-driven project flow.