SAN JOSE — A housing development site in San Jose is in default on its real estate loan — again — after a mortgage delinquency that leaves the property facing foreclosure.
The residential project site at 51 and 65 Notre Dame Ave. in downtown San Jose faces a default on a $10 million loan, according to a document filed on Sept. 12 with the Santa Clara County Recorder’s Office.
Acquity Realty, acting through an affiliate, owns the property, which the Bay Area real estate firm bought in 2021, paying $20 million for the site. The site is at the corner of Notre Dame Avenue and Carlysle Street…