Home Finance San Jose Development Site Slated for 708 Units Faces Foreclosure as Downtown Multifamily Development Market Struggles

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San Jose Development Site Slated for 708 Units Faces Foreclosure as Downtown Multifamily Development Market Struggles

The RegistryJune 30, 20254 Mins read517

Image by simonkr on iStock

The Pacific Development Site, once marketed as a 708-unit luxury project in downtown San Jose, is now subject to foreclosure proceedings after defaulting on a $19.5 million loan, marking the latest in a series of setbacks for troubled developer Z&L Properties A prime downtown San Jose development site marketed in 2023 as one of the […]

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