Real estate allies buy downtown San Jose housing site from wobbly developer

Real estate allies buy downtown San Jose housing site from wobbly developer

3 years ago
Anonymous $LNMzUc6XNz

https://www.siliconvalley.com/2021/05/26/real-estate-downtown-san-jose-home-buy-westbank-dillabough-develop/

SAN JOSE — A site tapped for a big residential complex that stalled due to the struggles of its original builder has been bought by a real estate alliance led by global developer Westbank and local developer Gary Dillabough.

Westbank and Dillabough have teamed up to buy a roughly 1.6-acre site near the corner of Terraine Street and Bassett Street where China-based developer Z & L Properties had proposed hundreds of residential units, according to public documents filed on May 25 in Santa Clara County.