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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.

Amazon Purchases Land for Data Centers from Stanley Martin for $700 Million Amid Housing Shortage
Feb 18, 2026, 11:46 AM

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