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This is a joint venture between Turnberry Place and MGM Grand!
The Residences will be sold primarily as vacation condos. Where people could live right off the strip behind MGM Grand and if they decide to leave town, MGM will act as the property management company and actively try to rent the unit out for you!
This is an incredible opportunity for those who visit Las Vegas often and want to call a place home, but would love to also have the opportunity to rent the unit out while you are out of town.
All of the units will be tastefully appointed with all high end furnishings. Studios, one bedrooms, and two bedrooms will be available. Pricing is from the mid 300's up to 1.3 million.
Not only will each individual tower have a pool, but the home owners will also have a access to MGM's pools. And of course all that the hotel has to offer, from the restaurants, the casino, the shopping ... There will be a covered moving walkway that will take you right over to the shopping and spa area over at the MGM Casino.
The first condominium-hotel tower at The Residences, 40 stories high with 576 condominiums, is sold out. Construction is slated to start in the summer of 2004.
Reservations for the second tower are underway. Six towers are planned for the project.
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