A groundbreaking is set for Tuesday for a highly-anticipated business incubator, coffee shop and food business set to locate in the groundfloor retail space of the BART parking garage.
In a statement, developer SAA|EVI Development announced the groundbreaking will start at 9 a.m. for the Richmond Business Hub, the “first downtown mixed development project to include a co-working business incubator, coffee shop, and food business.”
The 10,000 square foot retail space will be anchored by Co-Biz Richmond, one of several projects funded by Chevron’s $10 million economic revitalization initiative, called eQuip Richmond. The business incubator will be joined by Red Bay Coffee and “conscientious fast-food spot” Locol, both of which will operate out of shipping containers within a uniquely designed space.
Co-Biz Richmond will be equipped to serve the needs of “small businesses, entrepreneurs, and the freelance creative workforce in Richmond, North Richmond, and surrounding areas,” according to to the Richmond Main Street Initiative.
“This project will be transformational for downtown,” said Amanda Elliott, executive director of RMSI. “We see this as a catalyst that will help to spark more positive development that serves Richmond’s diverse community.”
The developer behind the project, SAA/EVI Development, is also behind a proposal for a large mixed-use housing and retail development down the block at 12th Street and Macdonald Avenue. Ernst Valery of SAA/EVI Development is reportedly in final negotiations on the project, which would add nearly 400 housing units of housing and 60,000 square feet of retail to downtown.