There are 9 article(s) tagged 5C Group:

• November 2026

  • Young says he blocked tax incentive for data center at former Fred’s HQ

    The Memphis mayor said he warned developer 5C Group not to seek a PILOT for its Getwell Road project, part of his push to require data centers to pay full property taxes.

    By Samuel Hardiman November 10, 2026

  • 5C Group turning old Fred’s real estate into new tech

    When Memphis-based discount retailer Fred’s Inc. closed its corporate headquarters in 2019, few could have predicted the dated, wood-paneled offices would eventually be replaced by high-tech computer chips.

    By Andy Ashby November 10, 2026

• October 2026

  • 5C Group says it plans to quadruple power at its Memphis data center with fuel cell technology

    5C Group is bringing the next generation of power to its Memphis data center through hydrogen power and officials discuss the company’s future in Memphis.

    By Noah McLane October 11, 2026

  • A data center in Memphis just filed a $575M permit — and it’s not SpaceXAI

    In 2025, an official said the data center project would create more than 250 jobs with an investment of more than $500 million.

    By Noah McLane October 06, 2026

• September 2026

  • Data centers looking to expand in Memphis but are months away

    Memphis Light, Gas and Water CEO Doug McGowen told the Memphis City Council on Tuesday, Sept. 1, that two companies plan to build significant data centers in Memphis.

    By Samuel Hardiman September 18, 2026

  • New Memphis data center shuns tax incentives

    “We have got to come up with some means of keeping our tax base steady and, likewise, growing and developing our city,” the incoming Shelby County property assessor said. “Otherwise, we’re going to look like Gary, Indiana.”

    By Andy Ashby September 01, 2026

• June 2026

  • Canada-based company buys former Fred’s HQ for $25 million

    5C Data Centers bought the former Fred’s Inc. headquarters as part of its plan for a $152.1 million artificial intelligence data center.

    By Andy Ashby June 09, 2026

• November 2025

  • Data center coming to former Fred’s wants 15-year PILOT

    With the help of the PILOT, 5c plans to add 15 new jobs with an average wage of $103,400, according to the EDGE documents.

    By Dima Amro November 17, 2025

• May 2025

  • Former Fred’s HQ to become AI data center

    The data center is expected to create more than 250 direct and indirect jobs in the Memphis area, with an investment of more than $500 million.

    By Dima Amro May 06, 2025