00 — Overview
Overview
CX is thrilled to partner with Lumo Ombro to bring a one-of-a-kind experience to 78 Leonard, transforming the Lower Level into a sanctuary for meaningful connection. With our shared vision in mind, we have drafted the following Phase 1 Operating Agreement to define our collective ownership and responsibilities across venue operations, infrastructure, and programming.
As we both navigate this transitional season, this initial plan covers March through April 2026, culminating in our highly anticipated Anderson .Paak collaboration launch on April 24. Looking ahead, we propose a transition to “Phase 2” beginning May 1, which will see us shift to a robust six-night-a-week programming schedule and a more defined thematic calendar. This evolution will involve the introduction of a shared Lower Level General Manager and a unified POS tracking system. We suggest meeting early April to formalize these Phase 2 details. In this Phase 1 interim, we will support introductions to any investors who seem a fit for Lumo Ombro's mission; we will combine efforts for late-night shifts to the top two floors if it fits schedules/goals; and we will support additional private event bookings to maximize the venue's potential.
Quick flags based on our conversation about contractor work —
- We are prepared to hire Jason to take out the wooden platform for you and then do a shared 50/50 payment split for a built out booth/table in that corner. We'd like to have this built before April 24's Event.
- We are going to use Soundproof Curtains to build a “Back of House” changing room by the bar versus constructing a wall. Any additional TI build out here is up to your discretion.
- We are going to build out a custom sound and lighting system that we will pay for, own, operate (and which will be fully removable, if needed). Any house sound or house lighting you'd like to add is up to your discretion.
We look forward to your thoughts!
Responsibility Legend
01 — Big Picture
Big Picture
Organization / Inventory & Event Operation
Lower LevelLO
Lower Level Bar / Top 2 Floors
Marketing & PR
Lumo Ombro mentions must be approvedLO
CX mentions must be approved
Buy-Out or Private EventAll Private Events in Lower Level to be planned/discussed together
First Right of Refusal / Lower LevelLO
First Right of Refusal / Top 2 Floors
Programming / Every Saturday March 14 – April 18
Programming / Friday April 24 w/ Anderson Paak
Private Dinners / Only on Top Two Floors
Bar Management
Bathroom
Bussing
Cleaning
02 — Operations
Operations
Onsite Venue Lead (Rose / Seth / Mabel)
GM starting in May 2026 will be split 50/50
Coat Check
CX Host / Checkin
Independent Liability Insurance
Independent Legal Counsel
03 — Décor
Décor
Lights
Custom SystemLO
House System
Sound
Custom SystemLO
House System
AV System Setup
Owner of CustomLO
Owner of House
Menu Printing
DJ Booth / Scaffold
Dried / Permanent FlowersLumo Ombro can add to floral design as marketing with design approved by CX
Soundproof Curtains
Candles
Carpets
Entrance Light Install
Furniture
04 — TI / Infrastructure
TI / Infrastructure
Equity
$50,000 in CX Equity to Manena Frazier for her past work supporting the foundational development of CXLO
$150,000 in Equity to CX for TI Improvements and build out of 78 Leonard