SAN JOSE — A tech hub is being pitched on the site of a failed housing development in San Jose, a project that could tie into Silicon Valley’s heightened appetite for artificial intelligence endeavors.

The eight-story tech center could sprout at 199 Bassett Street in downtown San Jose, according to documents filed with city planners.

At one point, the 199 Bassett property was the site of a proposed housing development that would have produced 803 affordable co-living residences.

That co-living housing project, however, was never built after the site’s owner and developer defaulted in 2021 on a $14.7 million loan whose collateral was the 199 Bassett site.

The lender, an affiliate of New York City-based Arena Investors, seized the property through a foreclosure in 2022. The property

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