A run-down stretch of one- and two-story retail buildings on the 900 block of Market Street is set to be redeveloped as an arts and education center, with retail and more than 200 housing units.

San Francisco-based Group I, which is currently revamping the historic Warfield office building on the same block, has purchased the property from Loan Star Fund, which foreclosed on the property after a former owner defaulted. The price was not disclosed.

An early rendering of what the 950 Market St. arts complex might look like:

An early rendering of what the 950 Market St. arts complex might look like.

via Developer tapped for key Mid-Market arts and housing complex – San Francisco Business Times.