San Jose Property in Decline

A once-promising West San Jose property, formerly a restaurant, now sits abandoned and deteriorating after Pacific Row Development defaulted on a $6.7 million loan from Golden Bank. Bought in 2018 for $1.5 million, the site saw plans shift from office space to a 75-unit apartment complex — but stalled development and rising code violations have left it a neighborhood eyesore, with overgrown weeds, graffiti, and trash reported by officials and residents alike. Despite price drops from $25 million to $20 million, the property remains boarded up and fenced off — a stark reminder of how quickly ambition can turn to blight. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/428a993a9d5fa6b3