HAYWARD — The site of a proposed housing development in Hayward has flopped into a loan default, a financial setback that raises questions about the project’s prospects, since it has yet to break ground.

At 22330 Main St., the project had been expected to produce 314 apartment units, according to plans on file with the city.

Hayward officials had approved the project in 2022. The 3.9-acre development site is near the corner of Main Street and A Street.

An affiliate headed up by Texas-based real estate entrepreneur Amit Goel owns the property and had proposed the development.

The site at present is a largely vacant property in a core area of Hayward. The Goel proposal for housing had replaced previous plans by a different developer to build medical offices.

The Goel-led group bought th

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