DANVILLE — An East Bay retail and dining hub that has fallen on hard times faces receivership and a loan foreclosure as tenants depart or shun the high-profile commercial center that serves a posh enclave next to the property.
Blackhawk Plaza, a one-time magnet for shoppers, restaurant goers, and moviegoers in Danville, is losing tenants, and its principal owners may lose control of the property, depending on the outcome of a court proceeding in Southern California.
Draeger’s Market, the primary anchor for Blackhawk Plaza, recently revealed a decision to shut its doors and decamp from the center, which is next to the ultra-wealthy Blackhawk neighborhood in Danville. Blackhawk Plaza has addresses that include 3340, 3464, 4000, 4024, 4050, 4080, and 4100 Blackhawk Plaza Circle, public records show.
Nano Banc, which in September 2024 provided $5 million in financing to the principal owner of Blackhawk Plaza, an affiliate of Ramanujan Group, has filed a lawsuit that ultimately seeks a receiver that can accomplish a foreclosure of the property’s loan, documents in Orange County Superior Court show…