Tesla plans to invest more than $190 million in a new Megafactory in Brookshire, which will bring 1,500 manufacturing jobs to the area. The utility-scale battery factory will create Megapacks and provide energy during times of high electrical demand.

Tesla’s move into Brookshire will happen in two phases at the business par. Under the agreement, the entities will provide the following items in Phase 2:

• Stream Realty will spend $44 million to improve the manufacturing facility at 111 Empire Blvd. for Tesla with electrical capacity and heating and cooling equipment
• Tesla will spend about $150 million to install manufacturing equipment

For a future Phase 3, located at 103 Empire Blvd.:

• Stream Realty will build a $31.5 million manufacturing facility
• Tesla will install distribution equipment and make building improvements for an estimated cost of $2 million to $5 million

The agreement also states Tesla must hire 1,500 employees by its third year in operation.