NANTICOKE, November 1, 2018 – State Senator John Yudichak (D – Luzerne) along with NorthPoint Development Vice President of Economic Development Brent Miles announced today the potential for approximately 1,548 new jobs at a groundbreaking ceremony at the Hanover 9 site co-located in the City of Nanticoke and Hanover Township.
The masterplan for Hanover 9 includes three separate buildings with a total square footage of over 2.3 million. All three buildings are expected to generate approximately 1,548 new jobs with an average salary of $41,000. The total capital investment in Hanover 9 from NorthPoint Development along with the prospective tenants is expected to be over $209.4 million with an annual payroll of approximately $63.4 million.
“The South Valley Corridor is bursting with economic development at an unprecedented pace thanks to the more than $393 million private investment that is being made by NorthPoint Development and its tenants,” said Yudichak.
NorthPoint Development is a privately held development firm based in Kansas City. Their focus is on Class A development in the industrial, senior housing and self-storage markets within the central part of the United States. They are currently active in 16 states including: Kansas, Missouri, Texas, Illinois, Tennessee, Ohio, Indiana, Kentucky, Michigan, Pennsylvania, California, Arizona, Washington, New York, Georgia, and Florida.
“NorthPoint Development is eagerly acquiring new land and constructing new buildings to continue their exceptional job creation model that has already landed national companies like Chewy.com, Adidas, and Patagonia,” said Yudichak.
“NorthPoint continues to expand its footprint in the Luzerne County industrial market and we are pleased to announce our newest park, Hanover 9. This project shows our focus on investing in parks with great access, labor, and a strong public private partnership like we have with the City of Nanticoke and Hanover Township,” said Nathaniel Hagedorn, Founder and CEO of NorthPoint Development. “We always say, ‘capital goes where capital is welcomed’ and we feel very welcomed in Nanticoke and Hanover Township. Hanover 9 represents a large capital investment from our firm, which in turn will create significant job opportunities for the residents of Nanticoke, Hanover Township, and the surrounding area.”
NorthPoint Development began its investment in Luzerne County in 2016 when it initially purchased 172 acres of reclaimed land along the South Valley Parkway, now known as Hanover Ridge. NorthPoint Development’s first investment came shortly after ground was broken on the almost $90 million South Valley Parkway. Construction of the South Valley Parkway is currently ongoing and will likely be finished ahead of schedule in 2019.
NorthPoint Development’s focus is now on the Hanover 9 site. The Hanover 9 site was also purchased from the Earth Conservancy.
“This sale represents the final piece of the Hanover 9 reclamation story. It took years to complete, working in multiple phases, but with the support of DEP and its Growing Greener program, and the EPA’s Brownfield Cleanup Program, the Earth Conservancy was able to transform the mine-scarred site into a desirable development opportunity,” said Mike Dziak, President/CEO of the Earth Conservancy. “The investment NorthPoint Development has made in the region has been tremendous, the jobs stemming from this new project are significant and the economic impact cannot be denied.”
“Cooperation at all levels of government has led to the creation of more than 4,600 jobs in the South Valley, the construction and near completion of the South Valley Parkway, and the transformation of mine-scarred land into new economic opportunities for the residents of northeastern Pennsylvania,” Yudichak added.
“I am particularly proud of the local partnerships that have been forged among leaders in Luzerne County, Hanover Township, Nanticoke, and their respective school districts, who have embraced NorthPoint Development and their job creating strategies in the South Valley Corridor.”
Representative Gerald Mullery (D- Luzerne) also joined Senator Yudichak at today’s ceremony.
“Today was about progress, hard work, and most importantly economic development. The creation of family sustaining jobs in the Lower South Valley will help make Luzerne County prosper for years to come. I will continue to do what I can to ensure this investment is a success for the future of Luzerne County and Northeastern Pennsylvania,” said Mullery.