The New Home Co. is building a 239 home community in North San Jose called Orchard Park. The development will consist of a variety of townhomes, flats, and courts (homes surrounding courtyards) ranging from 1,600 to 2,150 SQFT. You can pretty much forget any new single family homes going up anywhere North of Downtown, all of the new housing is going to be much higher density from now on.
Orchard Park is a master planned community that will feature both a new 1-acre park and a 2-acre river path which will be an extension of the San Jose Coyote Creek Trail. There will also be a community center with a bocce ball court, community room, and dining areas. The project will be close to the new Berryessa BART Station and just two miles away from SJC.
They should have a sales office with model homes near the intersection of Old Oakland Road and East Brokaw Road up soon. Prices will start at $700,000 and I have a feeling they will go pretty quickly.
Sources: Commercial Property Executive, SVBJ