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Committee backs amended Java House lease, approves sale to new operator with conditions
Summary
The Budget and Finance Committee recommended that the full Board approve an amended and restated lease allowing Frankie's Java House LLC to assume the Java House lease at Pier 40½, increase base rent to $4,000/month, require $737,000 in capital improvements and condition a 10‑year option on completion within one year.
Chair Sandra Lee Feuer moved the Budget and Finance Committee to forward a resolution to the full Board recommending approval of an amended and restated lease for the Java House restaurant at Pier 40½.
Mark Lozovoy, assistant deputy director of real estate and development for the Port of San Francisco, told the committee the Java House has been run by the Papadopoulos family for more than three decades and currently operates under a 15‑year lease that expires August 31, 2023. Lozovoy said the proposal before the committee would allow the current owners to sell the original lease to a new entity, Frankie's Java House LLC, with the family retaining a 15% stake. "The proposed amendment and restatement of the lease…
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