Longtime residents of Richfield may recognize the brown building at the corner of 65th St. and Nicollet Ave. S as the former home to Richfield Medical Group, a clinic made up of independent doctors. When the clinic made plans to move to a new location, it opened an opportunity for something new to take over the space.

Enter The Coven Off Site Link, a network of coworking spaces designed for belonging. It offers a membership-based workspace and private offices for all people to gather, collaborate, and grow as entrepreneurs and professionals.

First launched in the North Loop of Minneapolis in 2018, the Richfield location marks The Coven’s eighth location.

Sunrise Banks supported the Richfield location’s opening by providing New Markets Tax Credit financing for the project, which opened to the public in April 2026.

What The Coven Offers

The Coven Richfield Off Site Link offers a curated mix of community workspaces, private offices, dedicated desks, phone booths and conference rooms for both members and visitors. It sells one-day work passes, plus a variety of membership options for both individuals and teams.

On site, visitors can use a shared kitchen space, a parent/prayer room, printing and storage services, and high-speed internet. There’s also plenty of free parking.

Co-Community owners Breanne Kennedy, Lori Godding and Nadia Siddiqui (L to R in photo) came together to bring the Richfield space to life after becoming members, then investors, at other Coven locations.

“People can be sitting and having a lovely conversation, while others are working around them,” says Breanne. “There are spaces for focused quiet time and spaces for meetings. We have options for many workstyles. It’s a vibe.”

Creating Shared Community

Breanne, Lori and Nadia say they’ve each had a strong desire to create community spaces – places where people can meet, bond, talk, share, create, and thrive together. It is this shared interest that brought the three of them together.

Breanne, who has previously worked in the city planning and economic development field, opened her own consulting business in 2024 and threw her launch party at another Coven location. It is there where she met, and signed, some of her first clients.

“It’s a very important brand for me,” says Breanne. “It is about so much more than a business. It’s about women and allies connecting to advance and make change in the world.”

Nadia serves as Vice President of Advancement for The Women’s Foundation of Minnesota Off Site Link. She says this project helps highlight efforts to close a significant gender gap in commercial real estate (CRE) ownership.

“Less than 3% of commercial real estate is owned by women,” Nadia says. “So, in addition to creating a community of belonging at The Coven Richfield, we are modeling an alternative for wealth generation for women.”

Lori serves as the Operations Maven for The Coven Richfield. She says while she has worked in many different industries, her background has always been rooted in people.

“Any position where I can be creative and adaptive and help people out, those are my driving factors,” she says.

When a social media ad popped up about opening a place for community, Lori decided to look deeper into it. She met The Coven’s original founder, Alex West Steinmann, and learned more about the ownership opportunity.

“I told Alex I would love to do this in a couple of years and with 1-2 other women,” recalls Lori. “And Alex was on board with that.”

Not long after that meeting, Lori says Alex introduced her to both Breanne and Nadia, who were actively seeking an operations driver for their Coven franchise. That accelerated the timeline greatly. Together, Breanne, Lori and Nadia formed their official partnership to bring The Coven Richfield to life.

Financing Support from Sunrise Banks

This area of Richfield, according to the U.S. Census Bureau, is considered a low-to-moderate income neighborhood, qualifying for New Markets Tax Credit (NMTC) financing. This federal program is designed to attract private investment, create jobs, and spark economic growth in the surrounding community. Sunrise Banks worked with The Coven team to secure this allocation and transform the building into how it looks today.

“This project is a great example of what New Markets is designed to do – bring new economic life to a neighborhood in terms of jobs, services, and general community engagement,” says Mary Stoick, SVP – Director of Tax Credit Lending at Sunrise Banks. “And our ‘Small Dollar’ NMTC fund was a perfect fit, making the complexity of New Markets more accessible and affordable to small business owners like Breanne, Lori, and Nadia.”

Breanne says she has wanted to work with New Markets Tax Credit financing for projects in previous roles. Because it can be a complicated process, the right partners and right support needs to be in place for it to succeed.

“New Markets Tax Credits are a unique financing tool that not many business owners know about,” she says. “Being able to use them on this project, with the help of Mary, was a gamechanger for us.”

With its NMTC allocation, the team intentionally partnered with a women-owned construction firm to renovate the building. Contractors took out walls in the old lobby, allowing the team to create several distinct seating areas in the community space. They also reconfigured old exam rooms to create offices that can hold teams of two or more.

Elements of the original clinic, including the 1960s-era Japanese wood paneling, pocket doors and exam room lights, are incorporated into the new design scheme. Bright, bold colors and modern furnishings bring warmth and personality to the space.

Lori adds The Coven is dedicated to seeking out partners and businesses that will support an equitable supply chain.

Location of Transformation

Breanne says opening this location comes just as the city of Richfield is investing more in the surrounding area.

“The city is undertaking efforts to rebrand this area as downtown Richfield,” Breanne explains. “They are investing in this area through small business support, revived facades, landscaping and signage. We’re also seeing the city invest in high frequency transit corridors, roundabouts and pedestrian-friendly infrastructure.”

The Coven Richfield team says opening a coworking space in this area of Richfield will draw daytime foot traffic and boost spending at local businesses. Given that U.S. small businesses create 9 out of every 10 net new jobs, the team believes the local economy will benefit greatly.

A Future of Promise

Since its opening this spring, dozens of people have come to work and connect at The Coven Richfield. Some have stopped just to visit or see how the space has changed since its medical clinic days. Others have expressed their excitement and gratitude for having a space like this in the community.

“The Coven’s foundational mission is to do the most good,” says Lori. “For me, that means providing the business resources, social safety and connection for all the people who enter our space. This is a space for belonging, and we’re so thankful for the support of Sunrise Banks and the NMTC program.”

To learn more about how New Markets Tax Credit allocations can support growth in your community, visit sunrisebanks.com/new-markets-tax-credit/ Off Site Link.

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