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Developers pitch HEXA co‑working and tech incubator for vacant DeSoto buildings; board to review lease/incentive details
Summary
HEXA Development proposed converting two city‑owned, vacant buildings into a co‑working/tech incubator hub with a model to use rent receipts to seed a revolving fund to subsidize start‑ups; the board asked for detailed lease, improvement and incentive terms before moving forward.
Developers from HEXA Development presented a proposal to convert two city‑owned vacant buildings on the Hampton Road corridor into a co‑working and tech incubator hub, pitching both a revenue model for the city and a subsidized pathway for start‑ups and small tech firms.
“We think that as a smart man once said, genius is equally distributed, but opportunity is not,” said Xavier Egan, a management partner with HEXA Development, describing the company’s approach of combining co‑working inventory…
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