Historic Ford Point site in Richmond is foreclosed after loan failure

Ford Point, a research, creative space and industrial complex at 1414 Harbour Way S in Richmond. (Todd Quam/Digital Sky Aerial Imaging) RICHMOND Ford Point, a historic complex on the Richmond waterfront, has been foreclosed and is now owned by a unit of an East Coast investment giant with a global reach. The one-time Ford Motor Co. auto assembly plant in Richmond has a new owner through a speedy foreclosure process, according to documents filed on Oct. 2 with the Contra Costa County Recorder s Office. The vast industrial, tech and commercial hub is now owned by an affiliate of Blackstone Mortgage Trust, a real estate financing unit of New York City-based Blackstone, one of the world s largest investment firms. The swift foreclosure took the property s ownership away from Madison Capital and Meadow Partners, investment firms that in 2022 paid $103.7 million for the 517,000-square-foot property at 1414 Harbour Way South. The foreclosure arose from the failure of a delinquent $106.3 mi