The City of Cambridge’s economic development team are off to a great start this year, as council approved the city’s first industrial lot sale on Monday. Indeed, it’s a great achievement, considering that most Ontario cities usually pick up the pace when it comes to land sales at around March or April.

The Cambridge City Council approved the sale of the 2.1-acre industrial lot located at Vondrau Drive, which is in the Cambridge Business Park vicinity. Right now, the ball is in the purchaser’s hands. Should Grand River Foods Ltd take the deal and close it, they will purchase the lot which fronts their existing facility for an estimated amount of $444,570.

The Cambridge food company presently has a workforce of over 200 people who work in three shifts. If Grand River Foods Ltd continues with their plan to buy the land, it will be converted into additional parking space for their growing staff, as well as for their storage trailers. Some insiders say that a dry storage building might even rise on the lot soon. This would be advantageous for the city, as the project is guaranteed to generate jobs in the area.

The company is set to close the deal on March 26, 2010.