A local developer has purchased an acre of land in the Palmerston Industrial Park and plans to construct a 6,000-square-foot building with four 1,500-square-foot rental units.
James Horrigan, owner of JP Horrigan Investment Ltd., agreed to pay the full asking price of $15,000 for the land.
“This is a straight forward offer at asking price with the proposal to construct a building slightly below our covenant. There are no issues with the proposed use of the building,” stated business and economic manager Belinda Wick-Graham in a report to council on March 21.
“His build is just under our development covenants by about 200 square feet, so we don’t have a problem with that,” Wick-Graham told council.
She noted the closing date on the transaction is April 15 and Horrigan, who owns Jemstones Restaurant in Clifford and Fordwich-based J.E.M Polydoor Co., is “keen to get going as soon as possible.”
Mayor George Bridge called the pending development “good News,” noting, “It’s another unit in the industrial park and I like the fact that it’s four units that we can get small businesses in. We do need that.”
