From a plugged-in tipster with respect to development out at Candlestick Cove:
[Ashton Candlestick Cove] was originally part of the Signature Properties project. They sold the parcel and approved plans for the mid rise building to Hanover, a high end apartment developer out of Houston. This is their first foray into the San Francisco market. The units will be marketed as rentals.
It sounds like Signature might be a bit more than simply “cautious” with respect to the current condo market around Candlestick.
∙ Candlestick Condo Construction: Point Paused, Cove “Cautious” [SocketSite]
∙ The Hanover Company: Portfolio [hanoverco.com]