The former Algoma Hardwoods plant is showing signs of new growth under new ownership. The nearly 300,000 square foot facility has been used for storage space and currently has two tenants. Co-owner Chip McDonald, of the McDonald Group, says one tenant, Microstar, operates a beer barrel leasing program. McDonald says by taking responsibility for those kegs that allows local microbrewers to improve their profits.
Another tenant, Omega Recyclers, is leasing 60,000 square-feet at the Algoma site. Co-owner Tim Effert says that helps his company handle the metals and plastics for day-to-day business. He also says it can now take on larger recycling opportunities they previously couldn't because of space limitations.
The new owners also say part of the former Algoma Hardwoods site could be used for residential development and as a community gathering space.
*Photo courtesy of visitalgomawi.com.
