Massive North San Jose housing project advances

There aren't many large swaths of land left in Silicon Valley, but a few still remain in San Jose. The Sakauye and Karolewski families had one of those large blocks and have just sold 22 acres of prime land in North San Jose for $78.6 million. The land is at 2620 Seely Avenue, right off of Montague Expressway next to Cadence's headquarters.

The former orchard will become a whopping 1,472 homes. The breakdown will be 154 townhomes (by SummerHill Homes), 178 affordable units, 1,140 apartments, 19,000 SQFT of neighborhood retail, and a 2.5-acre city park. A farm site will also be preserved and moved to History Park.

There is no official ETA yet, but it can't come soon enough.

Source: The Mercury News