It isn't coincidental. The reason the institute is there is because of the high prevalence of bats and bat viruses in the region.
If you want to study bat viruses you can't pick many better places. The researchers involved, including connected US researchers, have been warning about this for years.
Ironically one of these researchers, Daszak, was politically targeted for his connections to this Wuhan lab [1], even though he and Wuhan scientists have been trying to get the attention to this problem for some time.
[1] https://www.nature.com/articles/d41586-020-02473-4