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.