Ever since January, when the Summit announced it was closing, there’s been speculation about what enterprise would move in.
Rumors floated as recently as Wednesday that La Boulange or Blue Bottle Coffee would take its place. The building has entitlements that allow it to house a full-service restaurant.
Today we learn from I/O Ventures, the firm that owns the space, that the new business will be the 780 Café, a coffee house not unlike the Summit. No details yet on when the shop will open.
Jose Ramos, the property manager at 780 Valencia and former staffer with New College and the Mission Neighborhood Centers, will run the café, said Ashwin Navin of I/O Ventures.
“When he put his hand up last month and said that he and his family want to sublease the cafe from the Summit to keep the cafe going, keep their people employed and pay off their debts to vendors and the government, we were all so relieved,” Navin said. “I would encourage everyone to stop by to meet Jose, and his whole family, who have been really so generous with their love for everyone in the community over the years.”
We are told that Blue Bottle coffee will be served.
Update: A reader tells us that the Summit served Blue Bottle, so no change there.
Why would anyone “volunteer” to swoop up a business that owes back taxes, can’t pay its employees or vendors???? Sounds like a really bad business venture but a great deal for someone who likes to get in over their head!!!! Sounds like a disaster on a platter…I guess some people are looking to be the hero in life via any means possible. I would hate to have to be the one trying to get out from under this mess once it gets taken over…another day, another distraction…Sounds fishy to me, I agree with the other readers.
No rumor here. I was a vendor and they ignored outstanding balances, and did not respond to phone calls or repeated emails that they pay their bills. It was an unscrupulous business.
When businesses charge you for Healthy SF thats for the benefit of employees and people who cant afford health care.
Come on guys, pay your taxes.
i like how IO and these “angel” investing douchebags take a stab at the Summit at every opportunity, while the Summit attempts to leave without saying a fowl thing about their landlords. from my understanding, IO squeezed out the Summit by opting out of their agreement and “offering” both sides of the space (including the IO side). the rumor was, IO was “going out of business” and looking to rent out the whole space. now it just seems like a ploy to eject the Summit (who no doubt upped the value of the space) and capitalize off the value add.
It’s great that you have all of these rumors on which to base your statements. Please, keep the conjecture and unfounded gossip coming; they are so valuable in the absence of actual facts.
“debts to vendors and the government” ???
Wow.
Too bad no one asked anyone from the Summit about the real reason we had to leave.
Sure the real reason is going to come out sooner than later
But will there be food there? I miss the pulled pork sandwiches.
back taxes?
“debts to the government”?