New Dublin BART transit village derailed
A dismal economy has shoved a key Dublin project into foreclosure and seizure by its lender — but the setback for a planned transit village may yet morph into a development opportunity.
The land that had been planned for development of hundreds of residential units near the West Dublin BART station, scheduled to open in 2010, has been seized by lender Union Bank in a $4.8 million foreclosure, county property records show.
Windstar Communities had planned the 309-unit condo complex, a 240-room hotel, 24,000 square feet of offices and 7,500 square feet of retail in a transit village next to BART.
The credit crunch torpedoed the development. The market implosion prompted Windstar’s partner for the housing part of the site to abandon Windstar.
The complex is touted as a focal point in Dublin’s quest to revitalize its downtown.
