Crusoe, the Colorado-based AI data center company, will begin interior construction this week on its new corporate office in Uptown Dallas' tallest tower. The estimated $9 million build-out spans the 21st and 22nd floors of 23Springs, with completion expected by late December.
Crusoe representatives confirmed the company will move in later this year but offered no additional details. The project was disclosed in a filing with the Texas Department of Licensing and Regulation, which notes that details in such filings are preliminary and subject to change.
"Texas has become central to how Crusoe builds, and we're excited to establish even deeper roots with our Dallas office. It's a natural next step for a company already building across the state," the company said in a statement.
The lease and the building
The lease was signed earlier this year. In July, tower developer Granite Properties identified "a confidential AI tenant" taking space on the two floors. Crusoe joined international law firm King & Spalding and Prudential Financial's PGIM as one of three new leases signed at the 26-story tower this summer. The three tenants absorbed about 108,000 square feet, pushing the building's occupancy rate to 95%.
This will be Crusoe's first Texas office. The company is already building across the state, with one of its most prominent projects being a large-scale data center in Abilene. The total projected capacity for the full Abilene site is 2.1 gigawatts. For context, a data center campus with 1 gigawatt of peak demand roughly matches the average annual electricity consumption of 700,000 homes, or a city of about 1.8 million people, according to a CNBC analysis using Department of Energy and Census Bureau data.
Texas' data center scrutiny
Crusoe's expansion comes as state regulators increase oversight of data center development. Last month, Gov. Greg Abbott directed the Public Utility Commission to complete an audit of all data center projects seeking grid interconnection before construction can proceed. Crusoe is among several data center firms that said they would comply with the governor's guidelines.
23Springs, a 642,000-square-foot development, includes the tower, two freestanding restaurants, and a half-acre neighborhood park. Key tenants include UBS, Bank OZK, and Deloitte. The project is a joint venture between Granite Properties and Raleigh-based Highwoods Properties. The building will lose its status as Uptown's tallest tower once construction wraps on the Bank of America Tower at Parkside, which topped out in June.
Why this matters for real estate and construction professionals
Crusoe's office lease signals continued demand from AI infrastructure firms for premium office space in major Texas markets - even as those same companies build massive industrial facilities in secondary cities like Abilene. For contractors and subcontractors, the $9 million interior finish-out on two floors represents the kind of mid-scale commercial project that keeps specialty trades busy, particularly in a tower already nearing full occupancy. The governor's new audit requirement also introduces a regulatory variable that could affect timelines for data center construction projects statewide, a factor worth tracking for anyone bidding on that work. For those looking to understand how AI is reshaping commercial real estate decisions, the AI for Real Estate & Construction resource page offers additional context on this intersection.
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