Part of the property was previously occupied by the MGM Grand Adventures Theme Park, which was built just northeast of the MGM Grand resort; both opened in 1993. On December 5, 2002, MGM Mirage announced that it had partnered with Turnberry Associates to build a condominium and hotel complex on the property, following the closure of the theme park earlier that year. The project was part of an ongoing trend to build luxury condominiums in Las Vegas. Turnberry had previously developed the Turnberry Place condominium project, also located near the Las Vegas Strip.