Huge Oakland housing development site lurches into loan default

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Huge Oakland housing development site lurches into loan default
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An Oakland site being eyed for a mixed-use development that would feature more than 1,000 residences has staggered into a loan default.

OAKLAND — An Oakland site being eyed for a mixed-use development that would feature more than 1,000 residences has staggered into a loan default and faces foreclosure, Alameda County real estate files show.

San Francisco-based Panoramic Development proposed the project, which is bounded by Kirkham Street, 7th Street, Union Street and 5th Street, according to city planning documents.

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