Fraud-linked San Jose, Fremont housing projects suffer cost overruns

Fraud-linked San Jose, Fremont housing projects suffer cost overruns

2 years ago
Anonymous $dy9SWuvIkX

https://www.siliconvalley.com/2022/06/29/fraud-san-jose-fremont-home-develop-cost-sec-silicon-sage-real-estate/

SAN JOSE — Fast-rising construction costs have snarled efforts to complete big housing developments in San Jose and Fremont that are key projects tied to a massive real estate fraud case, court papers show.

The projects being saddled with rising construction costs are The Almaden, a 91-unit residential complex on Almaden Road in San Jose; and Savant at Irvington, a 93-unit residential project on Osgood Road in Fremont, according to documents on file with the U.S. District Court in San Francisco.

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