San Jose housing and retail project site escapes default and is bought

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San Jose housing and retail project site escapes default and is bought
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The site of a housing project in San Jose has been bought by a local investor.

SAN JOSE — The site of a housing project in San Jose has been bought by a local investor just days after the property had toppled into a loan default.

The property is located at 395 South Winchester Boulevard in San Jose, across the street from Santana Row, a destination mixed-used restaurant, retail, office, housing, hotel and entertainment center. Just a few days later, a new ownership group, operating as 395 S Winchester Blvd LLC, bought the property for $4.8 million, according to documents filed on Oct. 5 with the Santa Clara County Recorder’s Office.Opinion: Let’s be bold about housing needs across the Bay Area

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