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Posted Apr 4, 2008, 5:04 PM
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BANNED
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Join Date: Jun 2006
Location: San Francisco & Tucson
Posts: 24,077
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Quote:
Friday, April 4, 2008
Feeding frenzy on Rincon Hill
Restaurateurs have no reservations
San Francisco Business Times - by Sarah Duxbury
Rincon Hill is rising as the city's next culinary hot spot.
2008 will see at least four high-profile restaurants from some of the city's best-loved restaurateurs open in that swath of eastern SoMa between Mission Street and the freeway. The restaurants join existing establishments like Boulevard and Town Hall and new entries like last year's Local Kitchen, opened by Ola Fendert of Oola in SoMa. Plenty more neighborhood joints and bars are likely to follow to capitalize on the growing density of diners -- and residents.
The first of two condo towers for One Rincon and the Infinity, where Nancy Oakes of Boulevard and her team will open a second restaurant in November, have begun to fill up. Millennium and others will follow, effectively creating a high-density neighborhood from scratch. In all, Rincon Hill is expected to house 2,000 new residents this year alone.
"It has finally appeared," said Pat Kuleto, whose WaterBar and Epic Roadhouse restaurants opened on the Embarcadero in late January. "Everyone's known about it forever, and it's finally coming into focus. It's not just a new dining area, it's a new great piece of San Francisco that never really existed -- or hasn't for the last 70 years."
Boulevard set the table when Oakes and Kuleto opened it in an out-of-the way spot 14 years ago, soon after the Embarcadero freeway came down. That transformed a stretch of Steuart Street, as the arrival of Town Hall in 2003 began to do for inner Rincon Hill.
"We love the neighborhood," Oakes said.
Back for more
Indeed, those who've experienced Rincon Hill seem to come back for seconds, like Oakes, or thirds, like Kuleto and the Town Hall fellows.
But Rincon's real rising began early this year when Kuleto's much anticipated -- and much delayed -- waterfront restos opened. (Epic's al fresco portion should open next week, Kuleto said. Less expensive kiosks will follow.)
Next up is Anchor and Hope, a 70-seat seafood "shack" and oyster bar that will open April 21 in an old mechanic's shop on the alley behind Salt House. Sara Schafer, late of Frisson, will be the chef. It will round out the Rincon hat trick by Threefold -- also known as Doug Washington, Mitch Rosenthal and Steven Rosenthal -- the trio behind Town Hall and Salt House.
After them, and embracing the new Rincon Hill by opening in ultra-sleek condo towers, are Oakes and Michael Mina, Both have chosen the neighborhood for their second San Francisco offerings. Millennium Tower will open in fall 2009.
Oakes' still unnamed restaurant, which she is opening with partners Kathy King and Pamela Mazzola from Boulevard, will seat about 100 with 60 more at the bar. It will be the same quality as Boulevard, she said, but with less of the pomp and priciness.
"This in my opinion is the reddest, hottest thing going on," Kuleto said of Rincon Hill, which may be why he has three restaurants there.
Critical mass is required to create a true gastro-hub like the Mission district, so Rincon restaurateurs say they welcome all comers since only quality, popular places will survive.
"Some could say we're crazy" for opening a third restaurant within a three-block radius, Anchor and Hope's Washington said. "We say, someone's going to open one, so it might as well be us." He simply hopes that each of the spaces and menus is distinctive enough not to cannibalize from the others.
Rincon 'an open canvas'
"It's not completely defined yet, from a restaurateur's point of view," Mitch Rosenthal said of Threefold's chosen neighborhood. "The Mission, the Marina, they all have their own character. (Rincon) was an open canvas."
Or maybe it is a gold mine.
Town Hall grosses $6 million; Salt House brings in $4.5 million, and the team expects Anchor and Hope, its smallest and most rustic venue yet, to do $4 million in business annually.
Nearby, Kuleto deemed the Rincon waterfront worth the $20 million it took to build two major new restaurants from scratch, and he said each is turning away over 500 diners daily. Once settled, he expects each to take in $1 million a month.
Kuleto added that Oakes worried that his new restaurants would hurt their joint venture at Boulevard, but Boulevard's business is up more than 5 percent since the waterfront spots opened.
To condo or not to condo
Space is the real issue in Rincon. The Threefold folks say the buildings have dictated each of their three concepts, and that they turned down both the Infinity and Millennium Tower in favor of Anchor and Hope's century-old, standalone structure.
Kuleto, by contrast, built his lavish spots from the ground up, while Mina and Oakes will occupy spaces in the new towers that one day will define the neighborhood.
Indeed, developers of these high-profile, pricey towers are pursuing brand-name chefs as people magnets and bragging rights, not unlike the current trend with hotel restaurants.
While it was the landmark brick building that first attracted Oakes and Kuleto to what would become Boulevard, Oakes said she is equally captivated by the contemporary promise of the Infinity.
"I had my eye on those buildings going up," she said, calling them the "future" of the neighborhood, which should grow again when the Transbay terminal project rolls in.
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Source: http://www.bizjournals.com/sanfranci...ml?t=printable
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