Tyson Williamson: The Details of Data Centers and Starting Your Own Development Company

Tyson Williamson joined me in the studio to talk about the hottest asset class of 2024, Data Centers. We talked about how they work, where to find them and much more.We also discussed the business of real estate development, building a variety of asset types including multifamily, Industrial, retail, and office products.[00:00:00] Tyson Williamson's background in construction and education.[00:02:08] Transition into data centers and real estate development.[00:05:38] Founding The Will Group with integrated services.[00:09:22] Evolution of data center development and requirements.[00:11:25] Complexity and types of modern data centers.[20:08] Advancements in data center power efficiency.[21:47] Power grid challenges due to AI and data center growth.[23:22] Difficulties in securing power for new data centers.[26:07] Load ramp process and regional power negotiations.[28:10] Shift towards smaller, boutique office spaces.[33:25] Profitability and appeal of data centers and multifamily projects.[00:39:15] Comparison of tilt-up construction with alternatives.[00:41:49] Trends in apartment development types.[00:42:58] Developer's focus on quality projects in Utah.[00:44:05] Importance of in-house construction expertise for developers.[00:46:10] Role and importance of owner's representatives in construction.[00:48:16] Compensation structures for owner's representatives.