Key facts
- A homeowner in Ashburn, Virginia, is seeking to sell his entire 143-home neighborhood to a data center company.
- The proposed sale price is estimated to be over $500 million, with individual properties valued at approximately $4.4 million per acre.
- The neighborhood, The Regency, is located in Loudoun County's 'Data Center Alley,' which has the world's highest concentration of data centers.
- Residents experience noise and construction from nearby data centers, prompting the homeowner's proposal.
- The homeowner, Mital Gandhi, is a former HOA president and real estate developer.
- Convincing all 143 homeowners to agree to the sale is a significant challenge.
Mital Gandhi, a resident of Ashburn, Virginia, is proposing that his entire 143-home neighborhood, The Regency, be sold to a data center developer. The neighborhood is situated in Loudoun County's 'Data Center Alley,' an area with the world's highest concentration of data centers, leading to constant noise and construction that disturb residents. Gandhi, a former HOA president and real estate developer, believes selling the entire development for approximately $4.4 million per acre, totaling over $500 million, is the best solution. He aims to offer his neighbors a unique, potentially life-changing opportunity. The proposal faces the significant challenge of securing unanimous agreement from all 143 homeowners. Gandhi's background includes overcoming kidney failure and a successful career in real estate development, shaping his direct approach to business and life. He has drawn inspiration from land deals in neighboring counties, such as Microsoft's purchase of 124 acres for $465.5 million, to justify his proposed valuation. A recent Gallup survey indicated that 71% of Americans do not want data centers built in their communities.