Turnberry Place is a $650 million complex, The complex has a total of 720 units, The property was once occupied in the 1960s by Thunderbird Downs, a horse racing track located behind the
Thunderbird resort.
Turnberry Associates purchased the vacant property, consisting of , in December 1997. The Turnberry Place project was announced in June 1998, and construction of the first tower began in August 1999. Unit prices ranged from $400,000 to nearly $6 million. The views from the towers were a top aspect of the project. Most of the units were sold to out-of-state buyers, mainly from Chicago, Miami, New York, and southern California. Most buyers were retirees over the age of 55. The project was initially considered a risky endeavor. Residential high-rises were largely absent from the
Las Vegas Valley at that time. The first tower neared completion at the end of 2000, and construction was already underway on the second tower. The first tower was completed in 2001, followed by the second tower a year later. Upon its opening, Turnberry Place and the nearby
Park Towers inspired
a condominium boom in the Las Vegas Valley. Construction of the third tower began on June 24, 2002, and concluded in 2004. Construction of the final tower was underway at the end of the year. It was
topped off in January 2006, and all 180 units in the tower had been sold by that point. The final tower was completed later that year.
James Caan,
Rita Rudner,
Lee Majors,
Rachel Uchitel,
Rich Little, and
Andy Walmsley. In 2018, a penthouse sold for $5.5 million, marking the highest-priced condo sale of the year.
Legal problems In 2004, residents in the original tower filed a $21 million lawsuit against Turnberry Pavilion Partners, alleging construction defects. The lawsuit claimed that rain and wind intruded into the property, and owners in the third tower prepared to file a similar lawsuit. The
El Rancho resort, previously the Thunderbird, had closed in 1992 and was considered an eyesore, especially for the future residents of Turnberry Place. In 2000, Turnberry Associates purchased the El Rancho and demolished it. In 2005, the company announced plans to build the
Fontainebleau resort on the former El Rancho property. Construction of the resort began in 2007, although residents took legal action against Turnberry Associates over the Fontainebleau's parking garage. The structure was built adjacent to Turnberry Place and it obscures the views from some residential units. Jeffrey Soffer, the head of Turnberry Associates, said the company did a "respectful job" of building the Fontainebleau's hotel tower away from Turnberry Place residents. He also said the property was zoned for a hotel and casino, and that residents knew such a project would eventually be built on the site: "We're not going to buy a 20-acre property and leave it as a vacant lot. It's a property with proper zoning and nothing was ever promised. It's as simple as that. […] The bottom line is you can't please everyone." A judge ultimately ruled in favor of the Fontainebleau. Residents had also been concerned about the increased traffic that the Fontainebleau would bring to the area. ==Stirling Club==