Big residential project in downtown San Jose skids into default

Big residential project in downtown San Jose skids into default

2 years ago
Anonymous $WHrWmjSJBZ

https://www.siliconvalley.com/2021/09/23/big-affordable-home-project-downtown-san-jose-loan-develop-real-estate/

SAN JOSE — A big project that would have brought several hundred affordable homes to an up-and-coming downtown San Jose neighborhood has lurched into a default on its loan, leaving its future fuzzy.

The development, if built as proposed as a co-living project, would total 803 units and sprout at 199 Bassett St. in downtown San Jose’s emerging North San Pedro district.