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CoreWeave begins $1.8 billion data center project in Kenilworth, landing first award under new EDA tax credit program – Real Estate NJ

Summary by Re-nj.com
By Joshua Burd CoreWeave has started construction on a nearly $1.8 billion data center in Kenilworth with the help of what will be a five-year, $250 million tax credit award under a new state program. The fast-growing cloud computing company, which specializes in infrastructure for artificial intelligence, announced last fall that it would build the facility at the sprawling former Merck & Co. campus on Galloping Hill Road. The planned 250-megaw…
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The investment group owner of Vodafone España has managed to capture 1.4 billion with the entry of GIC to its company with MasOrange and 400 million more after repeating the same move with Telefónica and AXA. Two lightning operations that arrive at the right time to invest the extra liquidity. The main telecos of the domestic market have created different joint fiber companies during the last months to profit the cost of their infrastructures an…

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re-nj.com broke the news in on Tuesday, November 25, 2025.
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