The first phase of the decades-long Treasure Island redevelopment will finally come to an end this fall, with the launch of sales for its first condominium project at 490 Avenue of the Palms, according to information shared exclusively with The Real Deal by Treasure Island Development Group, a partnership between Wilson Meany, Stockbridge Capital Group and Lennar.

https://therealdeal.com/san-francisco/2025/06/16/exclusive-sneak-peek-of-first-new-condos-on-treasure-island/

San Francisco’s Treasure Island, long known for its sweeping views and storied past, is stepping into the future with the debut of 490 Avenue of the Palms. As the island’s very first new for-sale residential offering, this sleek six-story mid-rise is a modern architectural gesture that nods to the island’s maritime heritage while celebrating its boundless potential.

Developed by Treasure Island Development Group – a collaboration between Wilson Meany, Stockbridge Capital Group, and Lennar Corporation – this waterfront community introduces 148 light-filled residences perched along the edge of the soon-to-open Cityside Park. Each home is framed by panoramic views that stretch from the serene hills of Belvedere to the iconic silhouette of the Golden Gate Bridge, sweeping past Alcatraz, the Bay Bridge, and the glimmering San Francisco skyline. The kind of views that pause time.

https://luxexpose.com/luxury-residences-debut-at-490-avenue-of-the-palms/

**First For-Sale Residential Project Unveiled on Treasure Island**

Treasure Island Development Group — a partnership between Wilson Meany, Stockbridge Capital Group, and Lennar Corporation — has officially unveiled 490 Avenue of the Palms, the first for-sale residential development on San Francisco’s Treasure Island. The six-story mid-rise building will introduce 148 parkside, waterfront residences, each offering sweeping panoramic views across the Bay Area.

“490 Avenue of the Palms marks a pivotal moment for Treasure Island — the debut of its first for-sale residences and the completion of our first phase of homes,” said Chris Meany, Co-CEO of Treasure Island Community Development. “It’s situated on one of the most remarkable parcels of developable land on the island, offering protected views that span the Bay, its bridges, and iconic landmarks.”

This development is part of a larger master-planned community spearheaded by Wilson Meany, Stockbridge, and Lennar. The overarching Treasure Island Community Development initiative aims to transform both Treasure Island and nearby Yerba Buena Island into a vibrant new waterfront neighborhood. The plan includes the creation of 8,000 homes, 300 acres of open space, and 22 miles of accessible shoreline.

Polaris Pacific will serve as the exclusive sales and marketing partner for the project. Sales are set to launch in Fall 2025, with move-ins expected to begin later that year.

Debut of First Residential Project for Sale on Treasure Island

Treasure Island Development Group, a partnership between Wilson Meany, Stockbridge Capital Group and Lennar Corporation, has unveiled 490 Avenue of the Palms, the first new for-sale residential offering on San Francisco’s Treasure Island. The six-story mid-rise features 148 parkside, waterfront residences with panoramic views.

“490 Avenue of the Palms marks a pivotal moment for Treasure Island — the debut of its first for-sale residences and the completion of our first phase of homes,” said Chris Meany, Co-CEO of Treasure Island Community Development. “It’s situated on one of the most remarkable parcels of developable land on the island, offering protected views that span the Bay, its bridges, and iconic landmarks.”

The project is part of the Treasure Island Community Development, a master plan by Wilson Meany, Stockbridge and Lennar to transform Treasure Island and Yerba Buena Island into a waterfront neighborhood featuring 8,000 homes, 300 acres of open space and 22 miles of shoreline access.

Polaris Pacific has been appointed the exclusive sales and marketing partner. Sales will launch in Fall 2025, followed by move-ins anticipated for late 2025.

https://www.connectcre.com/stories/first-for-sale-residential-project-unveiled-on-treasure-island/