The Bay Area properties that are slated for sales or construction were originally proposed or developed by Sanjeev Acharya and the company Acharya heads, Silicon Sage Builders. The Securities and Exchange Commission has accused Acharya and Silicon Sage of fraud. Silicon Sage has been shoved into court-ordered receivership.
Silicon Sage projects and properties in San Jose, Fremont, Santa Clara, Sunnyvale, Morgan Hill, and Hayward face varied futures, according to records on file with the U.S. District Court in San Francisco.
The fate of these projects could have important impacts on the cities where they are located.