SAN JOSE — The long-abandoned Greyhound bus terminal in San Jose is now owned by the property’s lender, an entity that’s headed up by real estate executives who said they are prepared to develop hundreds of homes on the site.
The lender, a Texas-based affiliate of a group that includes real estate developer Chris Jiashu Xu and business executive William Wang, took ownership of the downtown San Jose site through a foreclosure on a delinquent $19.5 million loan, documents filed on Oct. 22 with the Santa Clara County Recorder’s Office show.
An affiliate of real estate firm Z&L Properties had owned the site for several years prior to the foreclosure…