December 26, 2014
According to a recent press statement, North American Title Co.’s California region has closed the acquisition of the Candlestick Park site by Lennar Corp’s San Francisco division. Lennar is the parent company of North American Title Co.
The redevelopment process at the 77-acre site will turn Candlestick Park and its surrounding into a 500,000 square foot “urban outlet”, as well as a housing component featuring approximately 12,000 new units and a 220-key hospitality facility. Candlestick Park was first unveiled in 1960 when it became the home of the city’s NFL and MLB teams.