NorthPoint Development to create 20 new jobs in Riverside, DED announces

June 5, 2014

RIVERSIDE — The Missouri Department of Economic Development (DED) today announced that NorthPoint Development, a contract development company, will be expanding its operations in Riverside. The expansion project is expected to create 20 new jobs.

“NorthPoint Development’s expansion in Riverside is great news for the region,” said Department of Economic Development Director Mike Downing. “Not only is NorthPoint creating good paying jobs, but their expansion reflects a greater trend of continued economic growth and community development in the area. The Department of Economic Development is proud to partner with this company, whose contributions to its community keep Missouri moving forward.”

NorthPoint is a full-service real estate organization whose products are tailored to meet its customers’ needs ranging from raw land to turn-key solutions. Since its inception in 2008, NorthPoint has raised over $530,000,000 in capital for its various projects. NorthPoint has been partnered with both local and institutional investors to raise capital for its projects. 

“If you ask me, Missouri is a great place to grow. Riverside is quickly becoming a booming business hub, and that’s exactly the kind of environment that a development company needs to succeed,” said NorthPoint Development Chief Executive Officer Nathaniel Hagedorn. “We’ve been able to capitalize on the region’s expanding business environment and develop or redevelop sites for new businesses to locate.”

“We are very excited that NorthPoint now calls Riverside home,” said Riverside Mayor Kathy Rose. “NorthPoint’s visionary business model is exactly what we are looking for in the Horizons area and choosing to locate their headquarters in our community is a testament the strength of our partnership.” 

NorthPoint Development is the second company to announce an expansion in Riverside this spring. Earlier this year, global automotive supplier Martinrea Riverside LLC broke ground on its new Missouri manufacturing facility to supply parts to the General Motors Assembly Plant in Fairfax, KS, creating up to 290 new jobs in Riverside.  

To assist NorthPoint Development with its expansion, the Department of Economic Development has offered a strategic economic incentive package that the company can receive if it meets strict job creation and investment criteria. The City of Riverside also partnered with NorthPoint Development to assist in its expansion.
 

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