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Lender Pushes Housing At Troubled San Jose Greyhound Property
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Lenders on the abandoned Greyhound bus terminal in downtown San Jose want to foreclose on the property, paving the way for redevelopment into a mid-rise apartment tower, The Mercury News reported.
The property is owned by Full Standard Properties, an affiliate of China-based Z&L Properties.
Z&L is headed by the embattled Zhang Li, who in 2021 was charged with wire fraud in connection with a wide-ranging investigation into public corruption in San Francisco City Hall.
He faced extradition to the U.S. to stand trial for alleged kickbacks to Mohammad Nuru, formerly the public works chief for the city of San Francisco.
The corruption investigation looked into bribery and corruption connected to City Hall officials including Nuru, former San Francisco Public Utilities Commission General Manager Harlan Kelly and multiple city contractors.