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.