SOUTH POINT — A contract is expected to be awarded by the end of next week on the latest spec building to go under construction at The Point industrial park.

John Mullins Construction of Wheelersburg came in as the low bidder with a base bid of $1,006,000. The building is scheduled to be a 30,000 square foot industrial facility with a 10-ton crane.

Another manufacturing spec building is out to bid with the bid opening set for Feb. 17. Lawrence Economic Development Corp. staff handled the design and bid process for another company.

“They will review the bids and decide if they want to expand to The Point,” Jeremy Clay, director of The Point, said.

Two other buildings are either completed or close to being finished at the industrial park. Recently R&W Rentals took possession of a 3,000 square foot structure for the Huntington, W.Va.-based company that rents construction equipment and sells safety and construction supplies. The firm is expected to hire between four and six employees.

A 6,250-square foot three-phase light manufacturing building is 65 percent completed. There is no tenant as of yet for the site.

Work continues on the intermodal pad project finishing up concrete work and piping. The pad is the site of a massive gantry crane that can lift product from trucks and rail.

“We have got some interest looking at the pad,” Clay said. “We won’t have any problem (finding users).”

Starting in July construction of a sheet piling dock for a boom crane for the riverfront part of the intermodal facility should go out to bid.

The crane will sit on top of the dock and pull product from the boats on the waterway to transfer to rail car or truck. The project, estimated at between $3 to $4 million, is expected to take 10 months.

“We hope to do the railroad track and are getting the last bit of funding to get that track,” Clay said. The $6 million project will build three miles of track along the riverfront portion of The Point.