St. Croix Renaissance Group LLLP is a partnership of Brownfields Recovery Corporation, which is a division of Mugar Enterprises, and Myron Allick, a successful businessman who is based in the U.S. Virgin Islands. The partners formed SCRG in 2001 to acquire and develop St. Croix Renaissance Park. Members of the SCRG management team have worked together successfully from more than 20 years on numerous real estate development projects and other business ventures.
In 1962, Harvey Aluminum Corporation, working in conjunction with the USVI Government, developed the property for its alumina production operations, which involved the extraction of alumina from bauxite. In addition to building the site's industrial complex, Harvey Alumina also created Port St. Croix by blasting a large channel out of caliche at the coastline of the property. The Port, which extends out more than one mile from the mainland, provides one of the best hurricane sheltered harbors in the Caribbean.
Over the next 40 years, several other alumina companies including Martin Marietta, the Virgin Islands Alumina Corporation, and finally Alcoa World Aluminum Corporation owned and operated the site.
In the late 1990s, the alumina market weakened substantially, and in 2000 Alcoa decided to close the facility. St. Croix Renaissance Group LLLP purchased the property from Alcoa in June 2002 in order to remediate and reposition it for local and regional commercial opportunities.