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February 1, 2022

Things Are About To Change Quickly In Tiny Manvel With One Of Houston's Largest New Retail Developments

More than 150 are signed up to attend our first Houston event this Thursday, Feb. 3

Debra Davison, mayor of Manvel, Texas, notes with pride that her town is about to arrive: In just a few weeks, it will welcome its first Starbucks.

The 10,000-person community south of Houston largely consists of people who work in the Texas Medical Center, about a 30-minute drive away. Residents drive to Pearland, to the northeast, for their groceries, as the only food retailer in town is a dollar store. Within its city limits, Manvel has no real business hub or even a Main Street, merely a smattering of restaurants along Highway 6 and some scattered mom-and-pop shops. 

Things Are About To Change Quickly In Tiny Manvel With One Of Houston's Largest New Retail Developments Headed Its Way

But that is about to change. And a new Starbucks is just the start of the development coming Manvel's way in 2022.At the end of the year, the area will see the new Manvel Town Center, a Weitzman-developed retail center set to encompass a whopping 1M…

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'Sleepy Rural Settlements' Becoming Crypto Boomtowns In Cheap-Power States

From the outside, 5295 Brook Hollow Parkway in Norcross, Georgia, is like many of the flex office buildings that dot the Atlanta suburbs: The single-story brick building sits in the center of a sprawling parking lot, surrounded by pine trees.

But this nondescript piece of real estate raised eyebrows last summer when Las Vegas-based Cleanspark purchased it to turn it into a Bitcoin mining operation, the second such facility the company operates in Atlanta.

Why Cleanspark chose this innocuous building is simple: It is big enough to house 6,000 of its high-powered computers, which guzzle power 24 hours a day, seven days a week to do nothing but mint new Bitcoin, the most valuable and popular cryptocurrency; and, being in Georgia, it has access to some of the cheapest energy in the country.

Companies that seek to mint cryptocurrency amid a rush to invest in the digital investment require critical physical infrastructure, and they are largely looking to locate it in places that offer two things: low-cost power and local and state governments willing to offer tax incentives. That combination has led to data centers with racks of mining rigs springing up in small towns and rural enclaves across the U.S.

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