A lender has scheduled a foreclosure auction for a San Jose site where a hotel of more than 100 rooms has been proposed.
SAN JOSE — A lender has scheduled a property auction and foreclosure proceeding for a San Jose site where a hotel of more than 100 rooms was proposed but never built.
The developer and property owner had pitched a 132-room, four-story at the development site, which is at 1510 South De Anza Boulevard in San Jose, city planning and county real estate documents show.The 0.9-acre development site is at the corner of South De Anza Boulevard and Sharon Drive. In May, the property tumbled into a default on its loan, which totals slightly less than $4.6 million, according to documents that were filed in 2021.
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