The temporary experiment that is the Proxy project on Octavia Street just got a little less temporary, with its lease being extended through 2021.
Supervisor London Breed revealed the news in her June newsletter yesterday:
"I am happy to announce that we have reached an agreement to extend Proxy Development's lease on the city-owned lot at Octavia and Hayes. Proxy, which hosts businesses such as The Biergarten, Ritual Coffee, Smitten Ice Cream, and the Streets of San Francisco Bike Tours, has become a model of innovative urban development. They have also created over 100 jobs and partnered with community organizations to help local residents create and fill yet more jobs. This unique development is a true asset to Hayes Valley, and is far better for the community, far more enriching, and more fun than a parking lot, which was the area's previous use."Proxy was originally given a 3-year lease on the space in 2010 for $5,000 a month. A year later, the Board of Supervisors amended that agreement to extend the lease to 5 years. The new agreement with the City re-ups Proxy's lease through January 31, 2021. The monthly rent on the space will increase to $7,200 in 2015, with 2% increases every year thereafter. We've reached out to the Proxy folks for comment on what they intend to do with the extension, and will update if and when we hear back. In the meantime, one other quick note about Proxy — they just installed public wifi at the space, so you can now hop on the internet while enjoying your coffee, ice cream, beer stein, food truck bite, or whatever pops up next.
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