Starting in 2007, hundreds of buyers filed suit against the property, alleging misleading sales pitches and income that was lower than expected. Individual buyers in the project had the option of renting out their unit and splitting the profit with MGM.
The project was built on land previously used by the MGM Grand Adventures Theme Park. Construction was underway in 2004, and the first tower opened in May 2006. MGM Mirage and Turnberry Associates partnered to develop the project, which was announced in 2002. It consists of three towers, each 38 stories in height, with a total of 1,728 units.
The Signature at MGM Grand is a condo-hotel at the MGM Grand resort in Paradise, Nevada, near the Las Vegas Strip. Turnberry Associates/MGM Grand Towers LLC
