“Downtown Food Hall” signs have sprouted for the first time on the sides of a historic San Jose building, fresh indicators of progress for a stealth real estate project.
SAN JOSE — “Downtown Food Hall” signs have sprouted for the first time on the sides of a historic San Jose building, fresh indicators of progress for a stealth real estate project being crafted by an Uber co-founder.
During times when gaps appeared in the coverings, stainless steel cooking and washing stations were visible through the windows. For the most part, however, the construction remains clandestine and hidden from view. One of the “Downtown Food Hall” signs faces East Santa Clara Street and the other faces South Third Street. Also on Third Street is another sign that states “food pickup.”
At the time of the purchase, Goldman Sachs, an investment firm, provided $100 million in financing to the group headed up by Kalanick. The wording in the public loan documents, however, suggested that the funding could be used at sites other than the downtown San Jose project.
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