From the bay, the city of Richmond boasts a shoreline ripe for new development. The problem is, most investors don’t ever get to see it.
The West Contra Costa County Council of Industries, a business coalition, held its Richmond Harbor yacht tour on Wednesday, an event that meets new and potential business owners with city leaders to discuss bringing new enterprises to Richmond.
The event served as an opportunity for the council to flex its muscles, but for many of the business people on board the view of the shoreline was a chance to look into the future. They talked about a vision of a more prosperous city, where industry and housing intermingles on the water.
“It’s a way for the businesses to give back to the people; to show them what a beautiful shoreline we have, but also to educate them on what we do in Richmond,” said Katrinka Ruk, the executive director of the Council of Industries.
For 50 years, the Council of Industries has served as a business-trade organization for the heavy equipment, manufacturing and shipping industries that dot Richmond’s coast. About 15 years ago, the group decided that they needed to give people the opportunity to see the businesses from the shore, as you can’t see them from the street side.
One such business looking to build Richmond is Terminal One, a commercial and residential real estate development company. Its lead developer, Zienwu Wu, is working with the Port of Richmond and Kwan Henmi on this project. Building on 13.8 acres, Terminal One aims to bring at least 400 condominiums, along with commercial space and a restaurant to the Richmond coast, near the brickyard cove, in the near future.
“Ideally, we would like to see it happen within five years,” said Jason Tran, a representative of Kwan Henmi. “We understand that the process with the city can sometimes be challenging. But we are hopeful.” Terminal One will collaborate with various community groups to get their support and input on the project, Tran said.