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The new shop features gifts, cards, children's toys and home goods.
The local art collective is opening its first brick-and-mortar storefront.
Several prominent retail spaces on the commercial strip remain empty, however.
This weekend, the music emporium observes its platinum anniversary with in-store events and special offers.
Bookstore owner Alan Beatts said he has "49 lenders and $1.9 million in the bank."
The deal was scuttled after the owner and buyer determined that a third party miscounted the inventory.
The new owner said changes are coming, but wouldn't elaborate.
The campaign is 33 percent funded, with a little more than three weeks left.
The move is meant to offer the 20-year-old bookstore a permanent home.
An interior designer has transformed a former bicycle shop, adding an art gallery and showroom.
Gallery outpost LTD has closed, but the main shop continues to operate on Haight Street.
The location's roots as a hair stop go back to the early 1970s.
The glitter-and-punk shop opened this weekend with a line around the corner.
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