Amazon Purchases Land for Data Centers from Stanley Martin for $700 Million Amid Housing Shortage
DATA AND AI INFRASTRUCTURE
Home builder Stanley Martin sold a portion of land to Amazon for $700 million for data centers, raising concerns about housing shortages. The region faces a housing deficit of over 75,000 homes. Data center development is prioritized over residential projects due to profitability and regulatory advantages.
In Virginia, data centers accounted for 20-30% of land development from 2013 to 2021, with a significant increase from 2022 to 2024. Local officials and residents express concerns about the impact on housing availability and community dynamics.

Feb 18, 2026, 11:46 AM