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Mid-Market Arts District Springs Forward with New Developer

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The long-deferred vision for a Mid-Market Arts District regained momentum last week when developer Group I closed escrow on a series of shuttered retail buildings between 966 and 974 Market Street. The purchase ends a dramatic saga for control of the site, which—together with adjacent parcels at 950-964 Market Street—will be redeveloped as the 950 Center for Arts and Education, a mixed-use project that includes interdisciplinary arts and education facilities as well as ground-floor retail and 200+ units of housing.

Building on its success with the Warfield office building down the street, Group I will join forces with the North of Market Neighborhood Improvement Corporation (NMNIC) and a powerhouse group of local foundations, property owners and non-profits to transform the series of one- and two-story buildings and a surface parking lot with a new 12-story building that would include a 75,000 sq. ft. multi-venue facility for a "funky" mix of small and medium size art and education organizations and 225,000 sq. ft. for commercial and housing uses. The development has yet to be entitled, so don't look for construction cranes anytime soon, but do keep an eye on outreach to potential anchor tenants, which will be kicking into high gear and inevitably will make or break the project. - Laura Tepper
· Developer tapped for key Mid-Market arts and housing complex [SF Business Times]
· 950 Center Project Page [Tenderloin Economic Development Project]
· Is the Mid-Market Arts District Still a Distant Dream? [Curbed SF]
· Mid-Market Coverage [Curbed SF Archives]