Tesla Giga Texas Expands 18%+ Land Holdings by Purchasing Additional 381 Acres

by Eva Fox September 26, 2020

Tesla Giga Texas Expands 18%+ Land Holdings by Purchasing Additional 381 Acres

Featured image: @Carroll__Burns/Twitter

Tesla recently acquired an additional 381 acre parcel adjacent to an existing 2,100 acre parcel at Harold Green Road and Texas 130. According to local developers with knowledge of the area, Tesla is also planning to acquire additional land in southeast Austin along Texas Corridor 130, Statesman reports.

Preparation of the site for construction began in the summer, and the teams can start pouring the concrete slab in the next couple of weeks. Martin Marietta, who sold the site to Tesla, will supply concrete for the California-based manufacturer. Marietta's plant has been relocated to make way for the construction of Giga Texas.

In addition to Tesla's factory, the site could eventually include research, development and design facilities, as well as battery-manufacturing operations, according to analysts, commercial real estate brokers, and people familiar with company's plans.

Tesla recently filed a site plan for 280 acres of the initial 2,100-acre site. The footprint of the development amounts to almost 8 million square feet, including parking.


Source: Joe Tegtmeyer/Twitter

Local developer Karl Koebel, a principal with Marketplace Real Estate Group, said Tesla's newly purchased 381 acres--along Gilbert Road and just northeast of its 2,100-acre site--give Tesla not only more land, but additional access to its property, since Gilbert Road intersects with FM 969.

“Being able to tie into (969) gives them multiple points of access” to primary roads, which along with 969 include Harold Green Road and the Texas 130 frontage road, Koebel said.

With Tesla's acquisition of the 381 additional acres, “we can expect more announcements from Tesla, both from real estate and plant expansion,” said Jill Rowe, a commercial real estate broker in Central Texas who is not involved in the project.

 



Located on 2,100 acres of land and about 12 miles from Austin, Giga Texas will become not only Tesla's largest factory but also an ecological paradise. “It’s right on the Colorado River, so there’s actually going to be a boardwalk where there’ll be a hiking and biking trail. It’s going to basically be an ecological paradise, birds in the trees, butterfly, fish in the stream, and they will be open to the public as well. So, not closed and only for Tesla,” said Elon Musk.

Giga Texas will be an environmentally friendly place that will become not just a stunning factory, but a park where people can enjoy nature and relax.

© 2020, Eva Fox. All rights reserved.

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Article edited by @SmokeyShorts, you can follow him on Twitter




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