Alcoa dallas

The metals manufacturer has been working at the property since the s at a time when Alcoa was mining coal on the land. Luminant currently operates two coal-fired power plants within the industrial complex, which also contains Alcoa's temporarily idled aluminum smelter operations. The larger parcel of land is expected to sell by the end of the year, with a call for offers expected by the end of the month. This tract includes fish and wildlife, agricultural land that produced 16, bales of hay last year and an estimated million ton of lignite coal remaining on the property.

The 6,acre industrial complex portion of Sandow Lakes Ranch could be sold shortly after the initial parcel closes due to options held by third parties that will trigger with the first land deal.

The cyber currency data center is being built on land leased from Alcoa Corp. Alcoa has owned the mile long property since the s and had a plant there that was shut down in Dallas real estate broker Icon Global Group has been marketing the property for the last couple of years. Whinstone has data facilities in the Netherlands, Sweden, and Louisiana. Steve Brown , Real Estate Editor. Steve covers commercial and residential real estate in Dallas-Fort Worth.

By signing up you agree to our privacy policy. Uechtritz is marketing Sandow Lakes Ranch — which stretches 30 miles long across three Texas counties — on behalf of the seller, Alcoa, through his newly formed company, Dallas-based International Icon Properties.

The ranch includes 14 lakes covering 1, surface acres totaling 48, acre feet of water. Each year, the ranch is permitted 44, acre feet of water through the Simsboro Aquifer with an additional 14, acre feet available for permitting.

There's also an additional 18, acre feet of surface water diversion from the Little River that runs through the property. Then, his father told him Alcoa was opening a new production line and to get back to Rockdale as fast as possible. Local leaders just wish their predecessors had acted sooner to reduce their dependence on one or two big employers.

The Sandow plant made money for most its existence by supplying electricity to the aluminum smelter. But in the mids, the relationship between Alcoa and Luminant started souring over a long term contract to supply electricity. That led to litigation, and, eventually, Alcoa blamed its plant's closing on an " uncompetitive power supply to that smelter and overall market conditions.

In summer of , half the aluminum smelting capacity was shut down, according to the company. The rest was cut by the end of the year, but Alcoa continued operations that made aluminum powder until Some switched to the Luminant plant. Barchenger lost his first good job when the Alcoa aluminum plant closed. Then, he was able to land a good job with Luminant. They have a year supply of lignite. After a three-year apprenticeship, Barchenger was repairing and rebuilding complex equipment at the coal mine.

Sometimes you don't realize how blessed you are until it's gone," he said. He counts himself among the fortunate, though. Local officials, just like the former Luminant and Alcoa employees, are now trying to figure out a path forward. It would take a dramatic announcement — or series of them — to make up for the hundreds of jobs lost and hundreds of millions of dollars of property value leaving the books this year.

Local government and economic development officials throughout Milam County are scrambling to find projects, small and large, to fill the gap. They've worked on infrastructure in downtown Rockdale and talked about creating a small business incubator. Also, outside the county seat of Cameron, the increasingly popular 44 Farms is thriving. That year-old family-owned ranch is supplying Black Angus beef to high-end steakhouse as well as more affordable restaurants. That gives the county a pair of wealthy and prominent benefactors.

And a real estate agent who specializes in selling massive Texas ranches — such as the W. Local officials say the first new business at that site could be announced this summer, although past projects at the Sandow Lakes Ranch property fell through.