5C Data Centers Files $575 Million Permit for Memphis Data Center
5C Data Centers, part of 5C Group, has filed a $575 million permit to convert the former Fred’s Inc. corporate headquarters in Memphis into a data center. The project is expected to create more than 250 jobs and represent an investment exceeding $500 million.
5C Data Centers, an artificial intelligence infrastructure provider affiliated with 5C Group, filed a $575 million permit for a planned data center in Memphis. The project would repurpose the former Fred’s Inc. corporate headquarters.
A local official said in 2025 that the development is expected to create more than 250 jobs and involve an investment of more than $500 million. The filing represents a major data center investment in the Memphis area, though the article does not report a final approval or construction schedule.