In early 2000 , Stark Properties sold the land for $ 13.5 million to Turnberry Associates . In June 2000 , Turnberry announced plans for Madison Towers , a $ 250 million gated condominium complex consisting of two 25-story towers that would be built on the land . Madison Towers would offer smaller condominium units at a lower price compared to the company 's Turnberry Place property . The project was still in the final design stages at the time of announcement , with construction expected to begin in spring 2001 . The first tower was expected to open in summer 2002 . In early 2002 , the project was put on hold for 12 to 18 months following decreased sales , the result of poor economic conditions caused by the September 11 attacks . As of June 2002 , the project was being redesigned for a reduction in size , from 600 units to 450 , with the potential to begin construction at the end of the year
September 11 attacks
September 11 attacks
Turnberry Towers