After months of negotiating with the bank to no avail, a local real estate investment company filed for bankruptcy on July 10, to avoid foreclosure on two downtown Gilroy properties.
Imagine that empty storefront in downtown as an artisan bakery. Instead of the bleak cement slab, there are black-and-white tiles and tables to meet with friends or co-workers. Instead of a “for lease” sign, the greeting reads, “fresh croissants and coffee.”