Project Milestones

Combined Cannabis Experience

125

Years

Milestones Completed

PowerPlant Park enters a vast and lucrative California market, facing historically low levels of premium flower. Inventory of turnkey space extremely hard to find, (especially in the San Francisco Bay Area).

Thus far the company has invested $4M, (over 4 years) in the development of PowerPlant Park. Funds required to complete requisite plan sets, environmental studies, regulatory compliance and various submissions to the City’s planning department and state agencies. A significant part of investment spent on a team of over 40 renowned local-area consultants, engineers, and architects.

Phase I is now 44 weeks into construction, grand opening scheduled for 8-24-22. PowerPlant Park has assembled a world-class management team w/over 150 years of combined cannabis experience. They include master growers, scientists, PhD’s, genetics experts/breeders to ensure plant integrity and superior strain selection.

View Milestones

Developer Profile


Richard Trieber

PowerPlant Park
Developer/CEO

E: richard@localheros.net M: 415-233-3131

Milestones Completed

  1. PowerPlant Park was unanimously granted its CUP and land use entitlements from Richmond’s Planning Commission on April 20th, 2020. The approval process spanned over 36 months, working closely with City and State officials
  2. PowerPlant Park began construction in November 2020, (interrupted due to Richmond’s Covid’s moratorium on new construction), construction resumed late April of 2021. The Park is now 44 weeks into Phase I construction and are now installing underground utilities, soon the structural pads will be poured
  3. The Park has filed for 28 State licenses in November of 2021
  4. PowerPlant Park has sold 16 Units in Phase I, (2 still available). The Tenant mix in Phase I includes 6 Units sold to seasoned craft-growers/local brands and 10 Units sold under the tenant-investor model. 9 additional investor unit are sold in Phase 1-A and Phase II for a total of 27 Greenhouses representing $14M in revenues, ($4.4M in greenhouse purchase deposits have been received)
  5. Phase I Tenants will begin occupancy in Aug/Sept of 2022
  6. The company has funded operations thus far from a combination of its founders, greenhouse purchases and 2 angel investors. $1.5M of investment from a prominent real estate investor who also leased 3 greenhouses under the investor model and sold PowerPlant Park the land under Phase I
  7. PowerPlant Park has concluded operations of a one-year delivery pilot in Marin & Sonoma counties. The pilot exceeded the sales projections by 40% and achieved the number one rating for all metrics on WeedMaps, with over 350 5-star reviews.
  8. PowerPlant Park has signed an LOI for a 30-store pilot, where it will install special designed Kiosks that will showcase only PowerPlant Park brands. The Kiosks located in existing prominent retail locations in California
  9. The Park has been approved for drive-through, (pick-up) facilities, where 63,000 cars drive by each day on Richmond Parkway. 200 cars can be queued, (through security) on PowerPlant Parkway, with orders sent and paid for through PowerPlant Park’s phone app and customer completed in seconds
  10. On-site power will be grid tied starting out, although by O-2, 2023 will 100% solar powered with the infrastructure to be off grid, (dubbed the “GreenGreenNewDeal”

Tenant/Investor Timeline to Operational