The two developers joined in 2001 to introduce the 36-story Fontainebleau II condominium-hotel, which is under construction adjacent to the future site of Fontainebleau III. Fontainebleau III will be located on the south end of the resort's property.
Plans for Fontainebleau III come on the heels of the success of Fontainebleau II. "With more than $200 million in sales, Fontainebleau II has been an unqualified success," according to Melanie Muss, vice president of development for the Fontainebleau. Fontainebleau II is more than 90% sold.
Sales for Fontainebleau III are set to launch in March, says Bruce Weiner, president of Turnberry Associates Residential Division. These furnished junior and one-bedroom suites, which will range in size from 500 sf to 1,000 sf, plus the terraces, are priced between $350,000 and $1 million.
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