Treasure Island’s First New For-Sale Residences

A major milestone in the ongoing transformation of Treasure Island arrives with the unveiling of 490 Avenue of the Palms, the neighborhood’s first new whole-ownership residential offering. Located along Cityside Park, San Francisco’s newest waterfront park opening this fall, this six-story mid-rise building captures sweeping, protected triple-bridge views of the Bay, Alcatraz, and the city skyline.

Developed by Treasure Island Development Group, a partnership between Wilson Meany, Stockbridge Capital Group, and Lennar Corporation, 490 Avenue of the Palms evokes a sense of suspension above the water, offering a perspective as breathtaking as it is rare.  Designed to engage with the land, water, and sky, the building reflects a new chapter of California-modern living in the Bay Area, blending architecture, nature, and community in one of the most remarkable settings in San Francisco.

“490 Avenue of the Palms marks a pivotal moment for Treasure Island,” 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. To live directly across from a waterfront park that will feel like your own Crissy Field is a once-in-a-generation opportunity.”

Just eight minutes from downtown San Francisco via ferry, residents experience the best of city living, surrounded by 300 acres of parks, trails, and open space that continue to take shape across the island.