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 and extract, with inventory of turnkey space hard to find, (especially in the San Francisco Bay Area).

Thus far the company has invested $4MM, (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 many renowned local-area consultants, engineers, and architects, (list available upon request). PowerPlant Park has assembled a world-class management team, w/over 150 years of combined cannabis experience including master growers, scientists, and genetics experts 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

PowerPlant Park Development Timeline

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 and requiring approximately $3.6 in investment.
  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 33 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 18 Units in Phase I, (1 still available).  The Tenant mix in Phase I includes 6 Units sold to seasoned craft-growers/local brands and 12 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 April-May 2022.  Grand Opening is being planned for 4-20, (regardless of the date of Certificate of Occupancy).
  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 will be 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, plans are underway, (with infrastructure being installed now) to be 100%  solar powered by Q-4, 2022, off grid by Q-2. 2023; (dubbed the “GreenGreenNewDeal”)

Tenant/Investor Timeline to Operational