The first completed phase on the island
490 Avenue of the Palms opened as the first completed phase of the Treasure Island redevelopment. SF YIMBY reported the opening on 17 July 2026. The six-storey building holds 148 homes along the edge of Cityside Park.
Treasure Island Development Group co-developed the building with Lennar Corporation, Stockbridge Capital Group and Wilson Meany. A joint venture of Guzman and Suffolk managed construction. Mark Cavagnero Associates and Fougeron Architecture designed it together.
SF YIMBY described the homes as condominiums and the building as the first condominium complex on the island. Chris Meany, Co-CEO of Treasure Island Community Development, ties the opening to leasing demand across the developer's other new communities.
What every resident receives
Sentral manages the residential services. The published list covers a courtyard, a fitness center, communal gathering spaces and three open-air landscaped terraces.
Meany describes the offer as "a more hospitable way to live, bringing anticipatory, hotel-inspired service to residential leasing, for every resident". Anne Fougeron states the design intent behind the portals: a direct visual connection to the Bay and the city for every resident.
The Palms Collection tier
Thirty-four of the 148 homes form The Palms Collection, marketed as the front row of the building. SF YIMBY lists the added offer: housekeeping and chef-prepped provisions, the Tea Academy, a dedicated house team, complimentary reservations to The Paddle Club and use of e-bike rentals. Meany describes the collection as the tier where that service goes further.
What the operator publishes about staffing
Kū Nakanelua, Sentral Head of Creative Development, states the operating goal as removing "friction from daily life" through wellness coordination, help with the island and the small details of a tenancy.
No wage, headcount or training figure appears on the pages read. An operator competing for the same housekeeping and guest-services staff holds the service content and no pay benchmark from this property.
The lodging the master plan still holds
The Treasure Island Development Authority lists hotels among the project's components. Full build-out runs to up to 8,000 homes, with approximately 27 percent affordable housing in total, alongside offices, retail and roughly 300 acres of public open space.
Hotel sites sit in the project's design documents, including a small hotel and spa facing the Bay on Yerba Buena Island. The authority publishes no hotel-room count and no delivery date for one.
The standard the service tier sets
A 148-home building on the waterfront runs housekeeping, provisions and a concierge team under one operator, and it sells that package with the lease. A hotel team hiring from the same labour pool can hold its own offer against the published list, and the list carries no wage.
Watch the hotel component for future room supply. It carries a place in the plan and no schedule.