First, Hoodline has the renderings of the condos that will replace Flax Art & Design. After years of their wooden guy trying to take down Travelodge, they finally lost the battle. The new condos will pay homage to San Francisco’s rich architectural history and – oh wait, it’s just another big boxy building.
Next, Uptown Almanac reports that after thirteen years, Therapy’s furniture store on Valencia will close at the end of this month. The landlord increased their rent from $5,700 to $10,500, so, make of that what you will. It’s hard to remain shocked at this point.
[UPDATE: Image by Google Streetview inserted to clarify that the furniture store, on the left, is closing, while the clothing store is remaining open]
In conversation, Whelan mentioned that he was never late on rent, and that there is simply “more demand for [Valencia Street] than there is Valencia.” Whelan believes that with the average “consumer on Valencia Street [being] a hyper-affluent tech person,” a Valencia Street store “becomes a billboard to promote [a company’s] brand.” The outrageous rent paid simply becomes another line item in a company’s marketing budget.
You know, like Times Square or something. Cool. Awesome. Love it. I’m sorry, I’m trying not to be so negative. But this neighborhood is being smothered by a huge pile of money. Speaking of money, you can save some by taking advantage of Therapy’s clearance sale!