Turnberry Finds a Partner
A joint press release issued by Turnberry, Ltd and Group 24, LLC has announced that Group 24 will become a 50% partner in Turnberry’s future 45 Lansing project in Rincon Hill.
Group 24, LLC, announced it has become a 50 percent partner with Turnberry, Ltd., one of the United States’ premier real estate companies, in the development of Turnberry Tower, a 40-story, luxury condominium project slated for San Francisco’s Rincon Hill neighborhood. Group 24′s major investment in the $300 million residential tower is the firm’s first project with Turnberry.
Turnberry Tower is currently to have 217 units and be of a ultra high-end category ala Millennium and St Regis. Construction is expected to start in beginning of 2009 and take over 2 years to complete. I personally “have-my-doubts” about construction starting in 2009 – it is possible but I can’t sales starting until the market recovers a bit – they may just decide to NOT pre-sell, but instead, sell when it is completed in 2 years – hopefully, the market would have recovered by then! Contact us to be added to the Turnberry waiting list. 
Climb Real Estate – Vanguard Properties
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