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Why this developer is shifting strategy on new Oakland waterfront apartment towers

Signature Development Group responds to Bay Area's rental supply imbalance
The Caspian at Oakland's Brooklyn Basin is switching from rental apartments to offering condominiums for sale. (Caspian at Brooklyn Basin)
The Caspian at Oakland's Brooklyn Basin is switching from rental apartments to offering condominiums for sale. (Caspian at Brooklyn Basin)
CoStar News
November 13, 2025 | 9:16 P.M.

Almost two years after opening a waterfront apartment complex in Oakland, the developer is pivoting in response to what it sees as an oversupply of rental buildings and a shortage of middle-class homeownership opportunities in the San Francisco Bay Area.

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