MIAMI BEACH — Aventura, Fla.-based Turnberry Associates and Stephen Muss, owner of the Fontainebleau Hilton in Miami Beach, have plans to develop The Tower Residences at the Fontainebleau, a $200 million, 36-story condominium tower located on the’s property. Groundbreaking is slated for first-quarter 2002.
The tower will feature 462 condominiums, ranging in price from $250,000 to more than $1 million and in size 500 sq. ft. to 1,560 sq. ft. Studios, one- and two-bedroom units will be available, and the condominiums will offer views of the Atlantic Ocean, Biscayne Bay, Miami Beach and downtown Miami. The building will also contain four penthouses. Numerous resort-like amenities will be available, such as 24-hour security, valet parking, concierge and maid, and a European-style health spa.
During its famed history, the Fontainbleau has hosted every president since Dwight Eisenhower and such entertainers as Elvis Presley and Frank Sinatra. The hotel has also served as the set for the movies "Goldfinger" and "The Bodyguard."