Turnberry Associates is a real estate development and management company in the United States. The company has developed over $10 billion worth of properties during the course of its history. Current holdings in its portfolio include the Aventura Mall, the JW Marriott Nashville Marriott, and SoLé Mia. Jackie Soffer is Chairman and Chief Executive Officer. The company was founded in 1967 by Donald Soffer.

History

In 1967, along with partner Edward J. Lewis of

Oxford Development Oxford Development Company is a real estate firm based in Pittsburgh, Pennsylvania, providing real estate development, property management, brokerage services, investment advisory services, and business operations. In 2021, it was listed as the ...

, Donald Soffer purchased of submerged and undeveloped swamp and marshland facing the

Intracoastal Waterway The Intracoastal Waterway (ICW) is a inland waterway along the Atlantic and Gulf of Mexico coasts of the United States, running from Massachusetts southward along the Atlantic Seaboard and around the southern tip of Florida, then following t ...

in North Dade County. The company then acquired Aventura Club and changed its name to Turnberry Isle Resort & Club in 1970. Expansion and development continued in the City of Aventura throughout the 80s with the company opening Turnberry Yacht & Racquet Club and developing the Aventura Mall. In the 1990s and early 2000s, the company developed

Turnberry Place Turnberry Place is a luxury high-rise condominium complex near the Las Vegas Strip in Winchester, Nevada. It includes four, 38-story towers, each rising . The complex also includes the Stirling Club, offering various amenities to residents and o ...

Las Vegas and undertook a large-scale renovation and development project transforming

Fontainebleau Miami Beach The Fontainebleau Miami Beach (also known as Fontainebleau Hotel) is a hotel in Miami Beach, Florida. Designed by Morris Lapidus, the luxury hotel opened in 1954. In 2007, the Fontainebleau Hotel was ranked ninety-third in the American Institute ...

, among other developments. By 2014, the company announced plans to build a 35-story luxury

JW Marriott JW Marriott is a luxury hotel brand owned by Marriott International. History The JW Marriott brand was established in 1984, with the opening of the first hotel in Washington, D.C. It was named as a tribute to J.W. Marriott, the founder of Marr ...

hotel in Nashville. The JW Marriott Nashville officially opened in 2018. The company broke ground on

Turnberry Ocean Club Residences Turnberry Ocean Club Residences is a residential tower in Sunny Isles Beach, Florida. The building broke ground in fall of 2016 and was completed in 2020. It is 649 feet tall with 52 stories and has 154 three to six bedroom residences. Description ...

, a 154-unit, 650-foot luxury condominium tower in Miami in 2016 and broke ground on SoLé Mia, a mixed-use project on 154 acres in North

Miami Miami ( ), officially the City of Miami, known as "the 305", "The Magic City", and "Gateway to the Americas", is a coastal metropolis and the county seat of Miami-Dade County in South Florida, United States. With a population of 442,241 at ...

develop with LeFrak in 2015. In 2017, the company announced plans for the expansion of

Turnberry Isle Miami JW Marriott Miami Turnberry Resort & Spa is a luxury resort in the city of Aventura, Florida. It features golf courses designed by Robert Trent Jones, a spa, tennis facilities, and restaurants. History The resort was developed by Donald Soffer, M ...

, including a re-branding into a

property. In 2018, the Aventura Mall opened its expansion wing, which features a 93-foot slide by artist Carsten Höller, and Jackie Soffer announced Turnberry would be developing a new 800-key Convention Center hotel in Miami Beach in partnership with David Martin’s Terra Group. The planned development was approved by voters that same year. In 2019, after 25 years as partners, the Soffer siblings divided the company assets into two separate companies. Jackie Soffer is the current chairman and CEO of Turnberry Associates, the development firm launched 50 years ago by Donald Soffer. Turnberry is the principal owner of Aventura Mall, the Town Center Aventura, and three hotels in Aventura — Residence Inn by Marriott, Courtyard by Marriott and Hampton Inn — as well as another hotel in Orlando.

Properties

* Turnberry Towers *

* Aventura Mall *

The Signature at MGM Grand The Signature at MGM Grand is a condo-hotel at the MGM Grand resort in Paradise, Nevada, near the Las Vegas Strip. It consists of three towers, each 38 stories in height, with a total of 1,728 units. MGM Mirage and Turnberry Associates partne ...

(50%

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and economic risk, risks, and shared governance. Companies typically pursue joint ventures for one of four rea ...

with MGM Resorts International) *Turnberry Isle Resort & Club *Turnberry Yacht & Racquet Club

References

External links

*{{Official website, http://www.turnberry.com Real estate companies of the United States 1967 establishments in the United States