In an email sent to their mailing list this afternoon, Second Act owners Jack and Betsy Rix announced that they will be closing the venue's culinary marketplace on August 28th and focusing their energy on events. 

The reason: the marketplace, which launched in 2014 as an incubator for local up-and-coming food vendors, has unsustainably high turnover.

"This spring, three tenants - RAW, Crepe La Vie and Burma Bear - all moved on for various reasons," their email explained. "We remained optimistic, even working on a rebuild and looking for new market partners. But last week anchor tenant Anda’s Piroshki announced that it had to cease operations due to a triple increase in their commercial kitchen rent. With this sad news, we decided that it was time to move on, and to look for a new tenant for the Haight Street location."

Rather than coordinating vendors, the space will be offered for lease. 

"It remains a nice space in an exciting neighborhood so we are confident that what ever happens there going forward will be an asset to the community," Rix added in an email to Hoodline.

We'll let you know as soon as we hear of any prospective tenants.

In the meantime, you can see Second Act's events calendar here, and Jack and Betsy "look forward to seeing what emerges as this space enters its third act." 

Thanks to tipsters Kendra R. and Mike C.