Cadence, the long-awaited mid-Market project from Jay Bordeleau (Maven) and chef Joey Elenterio (Wayfare Tavern) has shuttered after six months of business.
The restaurant's last night of service will be July 2, according to a statement from Bordeleau (in full below), who also cited the challenges of doing business in San Francisco as one of his reasons for closing the restaurant. No word yet on where executive chef/partner Joey Elenterio will go next (UPDATE: apparently he plans to stay on to oversee Mr. Tipples in the short term, though he will be moving on). In the meantime, the space will go up for sale and the wine cellar will be 50 percent off to clear the inventory. Cadence's adjoining jazz lounge, Mr. Tipple's Recording Studio, will continue to operate as usual.
The statement in full:
With a heavy heart, I regretfully announce that Cadence restaurant's last service will be Saturday evening, July 2. The reasons are many, but suffice to say that challenges in this city are plentiful, and Cadence had serious construction delays that significantly impacted our budget before we even opened the doors.
In a way, Cadence's closure expresses the current state of San Francisco: Still struggling to balance passion and dreams against the realities of profits and losses.
I'm proud of what we created and the integrity with which we did it. I am honored by the hard work and dedication of my team. We all sacrificed to make the restaurant the best we could. We are thankful to those guests who shared their evenings with us and allowed us to cook for them.
We look forward to continuing to serve delicious cocktails, tasty food, and live jazz to loved guests at our sister space, Mr. Tipple's Recording Studio.
The area itself has seen a restaurant boom, with Twitter as the anchor of a bustling tech corridor that includes companies like Zendesk and Uber (which plans to move to Oakland). Bon Marché, The Market on Market, Dirty Water, and The Perennial are a few of the large-scale projects that have taken a gamble on a somewhat gritty stretch of Market. Twitter's abysmal stock prices and recent layoffs don't bode well for a saturated market reliant on the deep pockets of its neighbors. So can Mid-Market sustain them all? Or is the bigger question: Can San Francisco?