Unfinished San Jose retail, office site is seized through foreclosure

Unfinished San Jose retail, office site is seized through foreclosure

2 years ago
Anonymous $jukOC22bR_

https://www.siliconvalley.com/2022/02/14/san-jose-retail-office-site-real-estate-foreclosure-develop-covid/

SAN JOSE — A retail complex in San Jose that was never completed has been seized by its lender, a project that was hampered by its design, finances and the coronavirus outbreak.

The property occupies a prominent site on the busy commercial strip of Monterey Road in San Jose and was proposed a few years ago as a key commercial complex next to new residential developments expected to provide plenty of customers for the project’s merchants.

Unfinished San Jose retail, office site is seized through foreclosure

Feb 14, 2022, 10:13pm UTC
https://www.siliconvalley.com/2022/02/14/san-jose-retail-office-site-real-estate-foreclosure-develop-covid/ > SAN JOSE — A retail complex in San Jose that was never completed has been seized by its lender, a project that was hampered by its design, finances and the coronavirus outbreak. > The property occupies a prominent site on the busy commercial strip of Monterey Road in San Jose and was proposed a few years ago as a key commercial complex next to new residential developments expected to provide plenty of customers for the project’s merchants.