The first phase of the transformative Treasure Island redevelopment has officially finished with the opening of 490 Avenue of the Palms. The six-story apartment complex has added 148 condominiums to San Francisco’s rapidly changing man-made island in the heart of the bay. The project has been co-developed by the Treasure Island Development Group, a partnership with Lennar Corporation, Stockbridge Capital Group, and Wilson Meany.
490 Avenue of the Palms lobby entrance, image by Bruce Damonte
The six-story building is the first condominium complex built on Treasure Island. The complex contains 148 dwelling units, including 34 front-row condos marketed as the ‘Palms Collection.’ The high-end collection is described as offering the best views and access to additional services, such as “housekeeping and chef-prepped provisions to the Tea Academy, a dedicated house team, and complimentary reservations to The Paddle Club and use of e-bike rentals…” Additional residential amenities include the courtyard, fitness center, communal gathering spaces, and three open-air landscaped terraces.
“490 Avenue of the Palms debuts as our other new communities are nearly leased up, and as new parks, roads, and open space are completed across the island,” said Chris Meany, Co-CEO of Treasure Island Community Development. “It also answers a growing demand for a more hospitable way to live, bringing anticipatory, hotel-inspired service to residential leasing, for every resident, and a front-row collection where that service goes even further.”
490 Avenue of the Palms terrace deck, image by Bruce Damonte
490 Avenue of the Palms street view, image by Bruce Damonte
Residential services are managed by Sentral. Kū Nakanelua, Sentral Head of Creative Development, describes the management’s goal as removing “friction from daily life… Whether that’s coordinating wellness experiences, helping residents make the most of the island, or handling the small details that consume time and energy, our team is focused on creating a living experience that feels personal and effortless.”
Mark Cavagnero Associates and Fougeron Architecture are jointly responsible for the design. Cavagnero describes the team’s approach as being guided by the site’s natural environment and a desire to connect residents with the outdoors, saying, “our goal was to shape a living experience in close dialogue with the Bay, the city, and the island’s shifting light. We embraced a lower, more grounded perspective that fosters a real sense of connection to the landscape, the water, and the community.”
Anne Fougeron, principal of Fougeron Architecture, added that “the idea behind the portals was simple but powerful, to give every resident, no matter where they live in the building, a direct visual connection to the Bay and the city beyond.”
490 Avenue of the Palms, image by Bruce Damonte
Treasure Island estimated development schedule, image courtesy SF Gov
Construction was managed by a joint venture between Guzman and Suffolk.
The first phase of construction has already seen the burgeoning skyline rise out of the 1939-built island. The tallest building is the 22-story Isle House, while the highest residences are on Yerba Buena Island, either in the six-story Bristol apartments overlooking the eastern span of the Bay Bridge or in the adjacent townhomes.
Treasure Island full build-out view looking toward Yerba Buena Island, rendering by Hayes Davis
Full build-out of Treasure Island is expected to produce 8,000 units across a new high-density neighborhood. The current vision would include 2,700 permanently affordable units, hotel rooms, offices, retail, and roughly 300 acres of public open space.
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