T
he 3.9‑acre parcel at 22330 Main St. in Hayward, once slated for a 314‑unit apartment complex with 7,100 sq ft of retail and 19 low‑income units, has fallen into loan default, casting doubt on the project that has yet to start construction. Approved by the city in 2022, the site sits near Main and A Streets. The property was purchased in 2020 by an affiliate of Texas developer Amit Goel for $15.8 million after the former owner entered receivership. Goel’s group secured a $28 million loan from Timberlake Mortgage to finance the development. In June, the lender announced the loan was in default, according to Alameda County records. The proposal replaced earlier plans by another developer to build medical offices. While residents and officials praised the plan as a needed addition to Hayward’s housing stock, the financial setback raises questions about whether the project will ever break ground.