St. Croix Renaissance Group LLLP (SCRG) is a division of Mugar Enterprises, Inc. , a family owned investment, private equity and real estate company based in Boston. The original partners formed SCRG in 2001 to acquire and develop St. Croix Renaissance Park. The Mugar team has since purchased the interests of their original partners and now manage the site.
HISTORY:
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 2000 Alcoa closed the facility.
St. Croix Renaissance Group LLLP purchased the property from Alcoa in June 2002 to reposition the property for local and regional commercial opportunities.
Jehangir Zakaria - Jehangir serves as the President and Chief Operating Officer for SCRG and oversees all activities related to reactivation of the industrial park. Mr. Zakaria has more than 30 years of experience in conventional and alternative and renewable energy project development, implementation and operations. He brings to the management team experience and capabilities in energy technology feasibilities, technical and financial modeling, project management, environmental permitting, contract negotiations, and assets management. Before joining SCRG, Mr. Zakaria served as the project and process engineer and performance optimization and operations manager for SEMASS, one of the world’s largest waste-to-energy plants. He holds a MS degree in mechanical engineering from Cornell University and is a licensed professional engineer in the USVI, Massachusetts, and four other states. Mr. Zakaria is also a Board Certified Environmental Engineer in the American Academy of Environmental Engineers, a Registered Environmental Manager in the National Registry of Environmental Professionals, and Member American Society of Mechanical Engineers.