We've been following the reports of Jack Spade's efforts to move into the Mission at Adobe Books former location pretty closely. Several neighbors have tried to keep the store out, but a recent planning commission decision has it looking like Mr. Spade will indeed be a new neighbor in the Mission.
Some articles have reported that Jack Spade will pay a whopping $12,000 per month, which is significantly higher than what Adobe was paying, and in general an insane amount for monthly rent, even in the booming Mission District. But Ilene Bornstein of Paul Wilmot Communications, a PR firm working with Jack Spade, says that amount is exaggerated:
We appreciate the outpouring of passion regarding the Mission District and the possibility of the JACK SPADE boutique opening there. It is this passion for the neighborhood that drew our brand to this location in the first place. However, there have been erroneous reports concerning the financial details of our lease agreement in the media and we would like to emphasize that these have been exaggerated. As a company policy, we do not disclose details regarding lease agreements. JACK SPADE hopes to join the community, add color and flavor to it, and offer the men of the Mission District and San Francisco our own take on the uniqueness this neighborhood wants to preserve.
So we're not sure exactly how much the rent is, but this comment from seems to suggest it's less than $12,000 per month. Maybe $11,999? Just kidding, and it is a relief that perhaps rents aren't quite as out of control as they seemed.
· Jack Spade OK'd for 16th Street; in Love With Gentrification [Racked SF]
· Jack Spade [Official Site]
· Mission Neighbors Tell Jack Spade to 'Jack Off' [Racked SF]