Industrial Park lots selling quickly in Port Hope
Construction is underway for a new manufacturing facility in Port Hope's industrial park, one of three lots sold since January and a fourth offer to purchase is before council, says Port Hope's marketing manager Kevin Narraway. VALERIE MACDONALD/Northumberland Today
The marketing manager for Port Hope's Industrial Park says “lots are selling like hotcakes” and there is no need to seek a provincial certification for the park to attract industrial lot buyers.
The Municipality of Port Hope chose to hire Caldwell Banker, an industrial realtor, and that is working well, Kevin Narraway said in an interview Tuesday. Trade Tech Industries has purchased two lots and is building a 40,000-square-foot building where it will make structural steel once it has consolidated its operations there. The Bowmanville company is temporarily operating on Hamilton Road in the Municipality and hopes to be in the new plant early in the New Year, employing about 40 people, he said.
A second lot buyer, SDT Ultra Sound, which makes ultrasound equipment, is relocating from Cobourg to the Port Hope Industrial Park, Narraway continued. And there is a fourth offer to purchase a lot before council, he added
Narraway said while investigating possible certification of Port Hope's industrial park, he found the provincial criteria deemed the Port Hope industrial park too small, plus it would be unable to qualify because of the commercial zoning included within its boundaries..
Port Hope has one of about six industrial parks in Northumberland but The Brighton Industrial Park is the only one in Northumberland County with a “Provincial Investment Ready Certified Site Designation” and it was granted last month, according to a recent media release.
Cobourg's east end Lucas Point Industrial Park completed all the necessary steps for certification, says the town's economic development director, Wendy Gibson, but found there was one snag and that is with one lot owner allowing a right of way for rail lines on the property. A release is needed and so far that hasn't been granted through the ongoing negotiations, she said.
The town's other park, the Northam Industrial Park, is owned by the municipality and hasn't any lots to sell to potential buyers, Gibson pointed out.
Certification “certainly helps (industrial parks and municipalities) attract businesses or manufacturers but there are associated costs,” Northumberland County's economic development director Dan Borowec said in an interview Tuesday.
He likened it to being pre-approved for a house mortgage. It tells potential lot buyers that basic servicing is in place – including water, internet, and other types of infrastructure.
There are also industrial parks in Cramahe and Trent Hills in Northumberland County.