While no official announcements have been made, the owner of the modern 5,000-square-foot retail space at 560 Valencia Street (which Blu Dot has occupied since 2013) is now actively seeking a new tenant.
The marketing materials for the prime Mission District space tout “a national mecca for millennials, techies & tourists.” The asking rent is $54 per square foot per year. And Blu Dot should be out by April 2018.
you gotta sell a lot of whatever you’re selling to pay that $22,500/month rent.
That marketing material sounds like a great way to draw protesters.
Blu Dot does most of their sales online as I understand it, so the showroom may not need to make money on its own but just serves as a place to view the product. I’m surprised they aren’t opening another location in the city for such purpose.
It’s useful for seeing how low-quality Blu Dot’s product is. This stuff is seriously no better than IKEA, and in many cases, looks a lot like it. You even have to build it yourself.
For reasons you stated, this blue dot location is a posterchild for regulating formula retail in certain corridors.
Zoning won’t work, but this would do very well as a co-working space.
Or as 7-10 floors of housing.
No argument here. Would love to see it. Essentially every single story commercial/industrial building in this city needs to be torn down and replaced with a 4-10 story mixed use building.
“Essentially every single story commercial/industrial building in this city needs to be torn down and replaced with a 4-10 story mixed use building.”
So, you want to eliminate most of the rapidly-diminishing number of remaining well-paying working class jobs (ie, PDR jobs). I guess those workers making $20-$40/hr can all just go sling coffee at Starbucks or clean floors in the Salesforce Tower, or better, just move to Manteca. No one owes them a living, right? I guess they all should just become successful real estate speculators or develop a disrupting pizza delivery app.
Do you understand the class snobbery and economic elitism that your statement reveals?
“So, you want to eliminate most of the rapidly-diminishing number of remaining well-paying working class jobs (ie, PDR jobs). I guess those workers making $20-$40/hr can all just go sling coffee at Starbucks or clean floors in the Salesforce Tower, or better, just move to Manteca. No one owes them a living, right?”
Thank you. Good riddance.
I do recognize the need for housing units. And as much as I am for density, I disagree here. Pedestrian-rich corridors such as this should still have access ample sunlight.
About time for an upscale designer pot dispensary. For the millennials and techies who are put off by tie dye, poor personal hygiene and the Grateful Dead.
I’d rather not. I know recreational smoke is on the horizon, but very much do not look forward to the onslaught of tasteless, block-after-block-dispensaries that will surely follow.
Personally I look forward to its consumption being controlled the same way alcohol consumption is today. Hello “open container” laws! Pot smoking stinks and is a much bigger imposition on the surroundings than drinking alcohol. Can’t wait for it to be confined to licensed establishments and private homes, not that I have high hopes that SFPD will be enforcing the laws.
It pretty much is controlled the way drinking is today. Do you not see all those “no smoking” signs? They aren’t for cigarettes only.
Perhaps “gidwfc” means s/he would like to see the laws (better) enforced
Fishchum, potheads typically ignore the rules, because if a policeperson happens to see them, they can always claim they have a Proposition 215 card. I’ve had two different policemen tell me that they will simply not write citations for people violating smoking laws while using marijuana.
Unless you think that there is a pretty-close-to-infinite demand for marijuana products, there simply can’t be multiple “dispensaries” (presumably) competing with each other that can generate enough revenue to pay $54 per ft² per year rents. Prices will have to drop and marginal retail operations facing high overhead will have to close down.
And if there is that much demand, God help us when recreational sales start going full steam.
Take a quick trip to Denver. There are more dispensaries per block than Starbucks. You’d be surprised how much cash and demand there is.
Yeah, because there are no upscale dispensaries, and definitely none in this neighborhood. Great eye.
2 ideal scenarios: Break the space into 2-3 smaller (and more reasonably priced) units, or rip it down and build 55ft of apartments w/ retail and a ~600sf ‘community-centered’ commercial space.
Unfortunately, the latter is pretty unlikely with the way fully entitled parcels have been listed instead of built.
Is this the old Bombay Bazaar? Miss that place.
Bombay Bazaar was next door, now West of Pecos.
West of Pecos still seems out of place to me.
Was Z-Barn
Valencia is simply no longer a viable place to do retail business unless you are running a bar/club, a bar that serves food in order to have a liquor license, or a pricey boutique. Or a pot store. Or a brothel.
If pot continues the slow but steady march toward legalization people will soon be getting it delivered from Amazon. Local dispensary’s – which are one if the few bright spots propping up neighborhood retail asking rates – will go the way of local book stores. I’m betting restaurant.
Why is the vacancy note here news? I’m not up to date on my hidden implied message. Is this that the canary in the coal mine, look out for new condos, or just a random FYI on a retail notice coming up for rent?
This is kind of what SocketSite does. It’s local real estate news. There’s a headline today about a house selling in the Castro. If that qualifies as news, I suspect this article does, too, right?
[Editor’s Note: Yes, just some house selling in the Castro.]
SocketSite has themes and generally posts information and news indicating an undercurrent in the market trends of SF. The castro listing is notable for a variety of reasons. I’m less clear on this post hence my question above.
I know people like me never shut up, but cannot believe the transformation of that block.
UPDATE: In related news, Kinders Out, Blu Dot In.