Lots of changes happening on Valencia Street

Valencia Street, recognized as one of the most vibrant neighborhood shopping and dining corridors in San Francisco, saw some major changes during the first quarter of 2016. Since our last update several new retail shops and restaurants joined the mix of tenants on this popular street and a few spaces became available for lease. Below is a quick review of the latest developments.

It looks like Boogaloos, the neighborhood diner at the corner of Valencia and 22nd Street, might have served its last meal. A small fire forced its closure in March, and it’s doubtful that the current owners will re-open. This 3,600 square foot restaurant has been listed for lease. For more details, feel free to drop us a line.

Dema, the women’s clothing store at 1038 Valencia Street, closed in March. Shortly thereafter, 1234 Go! Records quietly moved into this space in an off-market transaction.

Lost Weekend Video recently moved out of 1034 Valencia Street. These beloved cinephiles have relocated to the Alamo Drafthouse at 2250 Mission Street. The new tenant will be Audrey Three Plus One, a women’s apparel store catering to the urban lifestyle. Downing & Company represented Audrey Three Plus One on this leasing transaction.

1017 Valencia Street is available for lease. This 1,350 square feet shop was formerly occupied by Aldea Ninos, a children’s clothing store. They re-located to their larger store at 890 Valencia Street.

Amado’s, a tailor and cobbler of leather goods, recently opened at 998 Valencia Street. This space was formerly occupied by Viracocha, an eclectic antique shop.

Two retail spaces at 976 and 980 Valencia Street may soon be available for lease. Both spaces are currently under construction. Permits have been issued for seismic upgrades as well as new bathrooms, plumbing, and electrical improvements.

Freewheel Bike Shop recently moved out of 914 Valencia Street. It sounds like they re-loacted to their other shop at 1920 Hayes Street. It’s rumored a women’s clothing store will be the new tenant at 914 Valencia Street.

904-908 Valencia Street will soon be home to Smitten Ice Cream. They leased both spaces, applied for a conditional use permit, and plan to combine them into one large store. Upon completion, this will be Smitten’s 10th store in California.

3566 20th Street - For Lease
3566 20th Street will soon have a new food use tenant. Sorry we can’t share who it is as they want to make their own announcement. Downing & Company represented both the landlord and the tenant in this leasing transaction. With its ideal location near the corner of Valencia and 20th Street, this space attracted a tremendous amount of interest from potential tenants. It was previously occupied by Jocelyn’s Bakery.

A new brewpub and restaurant, Brasserie Saint James, recently opened at 742 Valencia Street. This space was the former home of Abbot’s Cellar. This is the second location for Brasserie Saint James–their other restaurant is in Reno, Nevada.

It’s rumored that 647 Valencia Street, the former home of Luna Park, has been acquired by the restaurant group that runs Mission Beach Cafe (located on Guerrero & 14th Street). The concept for their new restaurant has not been announced.

We were pleased to hear that one of the Mission’s favorite dive bars, the Elbo Room, at 647 Valencia Street was recently granted a two-year extension on their lease. Plans to knockdown this popular watering hole and music venue for a condo development have been put on hold.

584 Valencia Street, previously occupied by Urchin Bistrot, is available for lease. Feel free to contact us for more details on this 99-seat restaurant.

530 Valencia Street will soon be home to Bangkok Bistro. The former restaurant, Thai House, closed in February.

Foodhall, an upscale grocery store, is anticipated to open in May at the corner of Valencia and 16th Street. The buildout for this 2,500 square foot store is nearing completion. The previous tenant at this corner was the Val 16 Market.

Check out our prior Valencia Street reports herehere, and here. Coverage on Mission Street is available here.

If you are looking to lease a commercial space or purchase an investment property in the Mission District, feel free to give us a call at (415) 385-5263 or send us an email.