April 17, 2019


Ernst Valery: (917) 757-4389 |

Richmond Business Hub Opens with Ribbon Cutting Event

A Place for Inclusive Prosperity

Richmond, CA: SAA | EVI Development (“SAA | EVI”) along with their partners and collaborators are thrilled to announce the ribbon cutting for the Richmond Business Hub which will welcome the following anchors to downtown:

  • CoBiz
  • Red Bay Coffee
  • Roux
  • Oakstop

Tuesday, April 30, 2019
1503 Macdonald Avenue, Richmond, CA 94801

11:00am – 2:00pm: Stakeholder Tours and Lunch Reception

4:00pm – 5:30pm: Ribbon Cutting by Richmond Main Street with Mayor, City Council, and City Manager

5:30pm – 8:00pm: Community Reception and Celebration

The Richmond Business Hub will feature a two-story co-working facility adjoined with the Richmond Food Hall, which will offer an unprecedented mix of modern cuisine, including fourth wave coffee, healthy soul food, and regular pop-ups from local food entrepreneurs.  Diversity and inclusion will be the focus of the Richmond Business Hub with Oakstop knitting together the work, food, art, and event platforms to ensure a place for all people, especially those who currently live and work downtown.


Gentrification and cultural disruption are hot topics in Richmond, CA and the Bay Area, pitting the benefits of increased economic activity and urban revitalization against displacement of existing communities and their ability to access benefits from Richmond’s increased prosperity. To date, the majority of Richmond’s resources have been directed to areas other than downtown’s core to ignite the City’s resurgence.  Unfortunately, most of Richmond’s majority minority community has yet to participate in the increased prosperity and related opportunities for wealth creation.  The stated mission of the Richmond Business Hub is to make the City’s prosperity inclusive.

Prosperity should belong to us all, especially the most vulnerable people in our emerging neighborhoods, without displacing communities that have historically anchored urban areas. The launch of the Richmond Business Hub also celebrates the unveiling of the Oakstop Empowerment Network (“OEN”), a collaborative venture between EVI and Oakstop, dedicated to restorative placemaking in urban centers. Key partners, including BART, the City of Richmond, Chevron’s eQuip Initiative with Richmond Main Street, Renaissance Entrepreneurship Center, and Richmond Chamber, who made the Richmond Business Hub possible, posit a strategy for increased value creation for existing Richmond residents. This strategy for shared value creation will be central for all the participants and community members who access the space, reinforced by Oakstop, Red Bay Coffee, Roux, and CoBiz.

Committed to revitalizing Richmond’s downtown in partnership with City of Richmond, BART, Richmond Main Street, East Bay Center for the Performing Arts, and other organizations in collaboration with the People of Downtown.

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