"SAN JOSE The downtown San Jose site of a proposed but never built housing development where a popular pet store once operated has been foreclosed due to a delinquent loan for the project. The project site that went back to its lender was once the location of Andy's Pet Shop, which was ousted from that location so the store structure could be bulldozed to clear the way for the development."
"West Coast Community Bank, which through a merger became the successor to the original lender for the site, Santa Cruz County Bank, is now the property's owner, documents filed on Jan. 16 with the Santa Clara County Recorder's Office show. Acquity Realty had owned the property through an affiliate, but lost control of it through this month's foreclosure as a result of becoming delinquent on a $10 million loan it had obtained in 2021."
A downtown San Jose parcel at 51 and 65 Notre Dame Ave. returned to its lender after foreclosure following Acquity Realty's delinquency on a $10 million loan obtained in 2021. The four-parcel site, once home to Andy's Pet Shop, was cleared in 2021 for a proposed 21-story mixed-use tower that had city approval but never began construction. Acquity later marketed the property in May 2025 with plans for a 148-unit mid-rise with ground-floor retail. West Coast Community Bank acquired the property for $2.3 million and is expected to seek a new owner rather than develop the site itself.
Read at www.mercurynews.com
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