LordMandeep
Sep 10, 2006, 3:05 PM
Trump Toronto has faced a lot of compeition from other luxery hotels. Plus it not in a residential area of the city. Its going to be between 3 office towers.
Dougall5505
Oct 4, 2006, 11:43 PM
copied post of markdaman hope he doesn't mind
From AboutItAll.com|Oregon
The Donald looks to Oregon for New Casino Site
Reuters is reporting that Donald Trump is looking to expand his Atlantic City Casino footprint by opening a Casino in Oregon.
The redevelopment of the famed Atlantic City Steel Pier near the Taj Mahal Casino Resort would help the company increase sales by driving non-gambling revenue, while a hoped-for casino in the state of Oregon would diversify its holdings beyond just the southern New Jersey seacoast.
The story then goes on to elaborate … indicating that the proposed casino would be a joint venture between Trump and “local partners”, be located in Portland Oregon, and they hope to go for voter approval in 2008.
Heh. Maybe this is how they’ll fund the convention center hotel. Or perhaps this is how one of the Oregon Indian Tribes will finally get a Portland Casino.
http://www.aboutitall.com/index.php/...w-casino-site/
mdiederi
Oct 5, 2006, 4:27 PM
The gold glass on Trump works into the Vegas skyline nicely because there are already seven other skyscrapers with gold glass in Vegas, Mandalay Bay, THEhotel, Mirage, all 3 towers at MGM Signature, and the Golden Nugget downtosn. THEplace was recently announced and that will have gold glass too. When Trump's second tower and THEplace are built that will make a total of 10 gold glass towers in Vegas.
Derek
Oct 6, 2006, 4:02 AM
donald is also planning a resort in rosarito beach, mexico...he says...or whoever speaks for the trump company...its prime location because its 30 minutes south of san diego...why cant he just invade san diego? i sure wouldnt have a problem with it...
chi-townJay
Oct 6, 2006, 6:43 AM
anybody hear anything about a second trump Chicago project?I heard something like that about a month ago on here.
trvlr70
Oct 6, 2006, 12:48 PM
anybody hear anything about a second trump Chicago project?I heard something like that about a month ago on here.
All I've heard is that his development team was allegedly looking at more sites in Chicago because TTC has been so sucessful.
no-la-usa
Oct 6, 2006, 11:28 PM
I think its a great improvement. Hopefully this glass will be similar to Trump Tower Chicago.
http://www.momoney.com/trumptowerneworleans/images/trump-bldg-l.jpg
chi-townJay
Oct 7, 2006, 6:23 AM
it would kick ass if he built the worlds tallest building right here in chicago which i got a feeling he will if in fact he's looking for more chicago sites,its something he's been wanting to do like forever and nyc wont let him,i'm pretty sure if he do he'll have a
bs answer about why he did'nt build the TTC bigger,ohh it was a difficult time in our country haha........
CHAPINM1
Oct 7, 2006, 6:47 PM
That's great to hear about the potential of Trump building a second project in Chicago!
Also, the new design for Trump New Orleans kicks ass! I see it has a spire to help add on some height.
slinkster65
Oct 9, 2006, 7:30 PM
I wish there was more news on his Atlanta project.
I hope the design gets changed though. The 2 tower thing is nice, but if he does it, they need to be taller. With everything else going up around that rea, it wouldn't "pop". And Trump wants EVERYONE to see his buildings so...
Latoso
Oct 10, 2006, 2:57 PM
it would kick ass if he built the worlds tallest building right here in chicago which i got a feeling he will if in fact he's looking for more chicago sites,its something he's been wanting to do like forever and nyc wont let him,i'm pretty sure if he do he'll have a
bs answer about why he did'nt build the TTC bigger,ohh it was a difficult time in our country haha........
I also hope he builds a second taller building in Chicago, but I don't think shortening TTC was necessarily bs, after all, he's in this to make money. I just think it was horribly unfortunate timing. Immediately after 9/11, could you imagine trying to get financing from anybody for a worlds tallest in the U.S., let alone find anyone willing to buy a condo in one. Now those calling the death knell for the skyscraper were absolutely wrong, but hindsight is always 20/20. Let's just hope that now as the markets improve and peoples fears slowly subside that Trump will get a second chance to rectify the situation in Chicago.
Reminiscence
Oct 15, 2006, 6:23 PM
Trump doesnt seem too popular in San Francisco, is that why theres been no news or plans to drop a tower around there? lol ...
edward
Dec 9, 2006, 10:09 PM
Wow! It´s Glad To See That Mr. Trump Has A Special Feeling For Panama. It´s The Only Building He Will Create In All Latin America, By Now. He Was Admired For Panama When Miss Universe Was Realized Here, And The Building Is Amazing!!!
LordMandeep
Dec 10, 2006, 12:05 AM
Hmm Trump Toronto hasn't been as fast. Its 70% sold, and will just barely become canada's talllest building (apart from the CN Tower)
I think there are to many luxery towers coming out at the same time.
However another luxery tower The Ritz Carlton has in under a year, went to sales and started construction!
CHAPINM1
Dec 20, 2006, 6:37 AM
Is there actaually a construction timeline for Trump Toronto or is it still up in the air?
CondoGuru
Dec 20, 2006, 4:57 PM
Any news on Trump Tower Philadelphia? Or was it just a gimmick for him to get his casino approved here? Anyone? Anyone? Bueller? Bueller?
Swinefeld
Dec 20, 2006, 6:15 PM
Any news on Trump Tower Philadelphia? Or was it just a gimmick for him to get his casino approved here? Anyone? Anyone? Bueller? Bueller?
If that's the case it didn't work. Foxwoods and SugarHo got picked for Philly and all of Ben Stein's money won't change that.
dante2308
Dec 21, 2006, 2:15 AM
I think Trump's architects seem to have a knack for fitting the design of a tower with the overall architecture. Seems like the blandest ones are in the blandest skylines while the most exciting ones are in the most exciting skylines. Atlanta's seems too small to make a statement. I'm pretty sure about four taller towers are going up withing a few years of that thing within a few blocks. Even Mansion is taller than that thing and somewhat more bold.
Chris Creech
Dec 21, 2006, 2:29 AM
I wish there was more news on his Atlanta project.
I hope the design gets changed though. The 2 tower thing is nice, but if he does it, they need to be taller. With everything else going up around that rea, it wouldn't "pop". And Trump wants EVERYONE to see his buildings so...
I keep wanting to see what the back side looks like. The rendering is from the West Peachtree side and that's actually not how most people will see it.
It will have a killer skyline spot coming in on the downtown connector, but I'm not sure what that side will look like, that's the side that will make the bigger skyline statement.
WhipperSnapper
Dec 22, 2006, 8:24 PM
think Trump's architects seem to have a knack for fitting the design of a tower with the overall architecture.
I think people are confusing a tower with Trump's name as being his development - in most cases, he is not
skyscraper
Dec 22, 2006, 8:40 PM
Any news on Trump Tower Philadelphia? Or was it just a gimmick for him to get his casino approved here? Anyone? Anyone? Bueller? Bueller?
it has been waiting for the riverfront building moratorium to be worked out. they now have an agreement, wherein the developer will put $100k (don't quote me on the amount, but that is what I heard) into an escrow account. when the state legislature determines how much the reparian rights are worth, they will take that amount out of the escrow account and the developer gets the remainder plus whatever interest accrues.
the project should be moving forward in 1Q07.
Chris Creech
Dec 23, 2006, 3:28 AM
Does anyone else feel that with ALL the Trump towers going up, especially with so many just licensing the name -- that the brand is losing a little of it's exclusivity and power? It still a big deal to get a Trump tower, they're still nicely positioned and all , but maybe not such a big deal as it used to be. Especially when there's not so much a Trump "look" or particular architecture style/firm they promote. I always wondered why they never partnered with a more name-brand highend architect to create more of a unique style. It would be nice if the Trump towers focused a bit more on architecture and not just luxury amenities.
BorisMolotov
Dec 23, 2006, 3:33 AM
a second trump tower for chicago? amazing!
okinawatyphoon
Dec 23, 2006, 5:33 PM
I can't find the Chicago Trump Tower thread, but here's an update. It was taken a few days ago. I'm not quite sure how long ago because a friend took it for me, but it is very recent.
http://i3.photobucket.com/albums/y93/okinawatyphoon/UrbanPlanet/trumptower1.jpg
Latoso
Dec 23, 2006, 6:56 PM
:previous: The Trump Chicago thread is in the new construction forum, this is the proposal forum.
br.reese
Jun 18, 2007, 8:35 PM
Has anyone heard about this. Trump was in Dallas last month and said there was a 50/50 chance for a super tall building. Any rumors out there about it?
aluminum
Jun 20, 2007, 10:01 PM
I was looking the Las Vegas trump tower, and I think he should've made something better looking for fabulous Vegas.
davee930
Jun 20, 2007, 10:50 PM
trump come to calgary
aluminum
Jun 20, 2007, 11:05 PM
There's a good chance that he may come to Calgary, its a booming economy now.
borgo100
Jun 21, 2007, 12:35 AM
trump is stupid, should have never changed the height of the toronto tower.. he should have keeped it at 300 meters or get the hell out of toronto
aluminum
Jun 21, 2007, 2:31 AM
:previous: You read my mind !!!!!!!
SkyWatcher
Jun 21, 2007, 1:09 PM
While I would love Trump to build a supertall in Dallas, I doubt VERY seriously that will happen. There's the idiotic flight path issue [Love Field] and a 1000 ft. cap on any 'scrapers in the CBD. Then there's the city council which is only good at killing the best projects. Maybe the new mayor will help, but I'd bet on a 50 floor or less building IF he actually can make a deal here.
The other issue is the explosion of residential towers here already built and U/C. With the Museum Tower coming in at 42 floors, I'd bet the market is pretty slim for another one.
Now for the designs. I hate most of them but the Dubai, Chicago, Toronto and Nawlins designs are fantastic. The Vegas tower design is horrible, especially the gold glass, but hey that sells in Vegas obviously. If he does one here I hope he gets a better design than the other cities I didn't mention.
rajaxsonbayboi
Jun 22, 2007, 4:50 AM
howcome there arent any proposals in San Francisco?
RazzMan
Jun 24, 2007, 2:44 AM
You should all be so lucky to design a beautiful tower like the one and now two going up in Vegas. As you know, GOLD works well there......
Trump knows what he is doing. Tower II shoud do very well since they just announced that the frontier is coming down and will be replaced w/ the beautiful NY Plaza................Those vegas tower are great investments!
SFView
Jun 24, 2007, 4:49 AM
howcome there arent any proposals in San Francisco?
From the San Francisco Chronicle:
Trump on the stump
World-famous billionaire turns speechmaker
Dan Fost, Chronicle Staff Writer
Tuesday, March 7, 2006
Who says wealth like Donald Trump? Though Forbes lists him as a billionaire and his business interests extend around the globe, "The Donald," as his ex-wife Ivana dubbed him, has transcended the world of finance into the headier reaches of celebrity, complete with his own hit television show, "The Apprentice."
Trump will be coming to San Francisco at the end of this month, headlining the Real Estate Wealth Expo put on by the Learning Annex at the Moscone Center March 25 and 26. (Information is online at www.learningannex.com; tickets for the expo have largely sold out, but VIP tickets for $399 are available, as are $129 tickets that offer the privilege of watching the speakers on a big video screen rather than in person.)
Appearing at the expo are Trump and other motivational speakers like Tony Robbins, Suze Orman and "Rich Dad, Poor Dad" author Robert Kiyosaki.
The Learning Annex is paying Trump $1.5 million plus expenses for his speech. The company can presumably afford it: On Monday, the Learning Annex said funds advised by Apax Partners, a private equity investment group, would acquire an unspecified but "significant minority interest" in the company.
In an interview Monday in advance of his visit, Trump talked about why such a wealthy man continues to work such events (in part because he's well paid), his recent feud with Martha Stewart after her attempt at an "Apprentice" show flopped and his plans for a San Francisco building -- perhaps as big and gaudy as New York's 68-story Trump Tower. Listen to his podcast.
Although he didn't address his storied comeback from his business bankruptcy in the early 1990s, he proudly noted that he had never personally declared bankruptcy.
What he didn't talk about for the record was his 30 percent stake in the Bank of America Center, the biggest building in San Francisco's Financial District.
Hong Kong investor Vincent Lo led a group that sold some land in Manhattan and used the proceeds to finance the $1.05 billion BofA acquisition. Trump, a minority investor, has fought Lo in court to block the deal, charging Lo did not get enough money for the New York property.
An edited transcript of the interview follows.
The Chronicle: You're coming to San Francisco at the end of the month. What are you going to tell people?
Trump: What I talk about is success. What I talk about is how to make money, how to be happy, how to enjoy your life and how to be creative.
I talk about entrepreneurship and I also talk about lack of entrepreneurship. In other words, in some cases, a lot of people are not cut out to be entrepreneurs. We try and get right down to it. If you're not cut out to be an entrepreneur, the worst thing you can do is try and be one.
Q: You're able to speak about your own personal story - the ups and downs.
A: A lot of people in the early '90s went bankrupt. I never did. You'll never hear from them again. It was actually a very sad time for a lot of people. I fought my way back without having to do that. My company is much bigger and stronger and wealthier than it's ever been. It's been an amazing ride I've had.
Q: To what do you owe your success there?
A: I think it's a lot of things, including good genes. You have to have the ability to withstand pressure. If you can't do that, you shouldn't be doing what I do. In my world, there's always going to be ups and downs, good markets and bad markets. It's easy when the markets are good. When the markets are bad, you have to be able to withstand that pressure.
Q: I'm interested in why you're doing this speech. You're getting paid a pretty good amount.
A: They pay me a lot of money. There's two things: First of all, it is a lot of money. It's a Sunday evening, so I probably would be sitting home, watching television or reading something. I (would) almost feel guilty not taking that much money. ... And I give a lot of money to charity.
The other is, I really enjoy teaching. If I can impart my knowledge and a lot of experience and what I've been through, the good the bad and the ugly -- if I can impart that to people so that they can become greatly successful -- I really enjoy doing that. ...
Can you call me in five minutes and I'll be able to give you some more time? I just want to be able to get this call from Europe. (He hangs up, and the interview resumes 10 minutes later.)
Q: You got a business call? You're still running a business -- you're not just some celebrity on TV?
A: The business comes far first, believe me.
Q: How do you deal with all the competing pressure?
A: I have a lot of competing pressure. The show has become this big hit. But ultimately, the business to me is far more important than the show. Don't forget, if the business isn't good, the show wouldn't be successful.
Q: Tell me about the show. How's the new guy working out, Oxford-educated Randal Pinkett, who won last?
A: He's been great. And the finale was the No. 2 show of the week, on Dec. 15. It's been an amazing period of time. The real estate markets have been great, especially in New York and elsewhere where I am. I'm doing a big job in Chicago, New York, all over the place.
Q: I can't seem to go anywhere these days without hearing about you and Martha. Is that a real thing or is that just feeding the publicity machine?
A: Look, my show became the No. 1 show on television. Her show opened and failed. It didn't get ratings. Every time she'd speak, she'd talk about how it was my fault and (producer) Mark Burnett's fault it failed. I wasn't doing her show. She was doing her show.
Frankly I disagreed with the concept. I thought NBC was making a mistake in putting it on. It was confusing.
They put it on and frankly it wasn't a good show. She didn't do the job. I just didn't like her blaming myself or Mark Burnett for the failure of the show.
Q: What do you think of her as a businessperson?
A: I think she's excellent. I think she's a good woman but I didn't like her blaming me for the failure of her show.
Q: Do you ever look at doing a project in the San Francisco Bay Area?
A: We are looking at it as we speak.
Q: What sort of a project?
A: A Trump Tower-type project.
Q: Are you working with a local developer?
A: I really can't tell you.
Q: Are people still able to make big money in real estate or is this the wrong time?
A: It's still good. I've always made just as much money in down markets. This is not a down market. This is still a very good market. It's going to be good as long as interest rates stay where they are.
Are you going to be at the speech? Be there. You'll really enjoy it. And maybe you'll quit and become a billionaire. You'll learn so much, you won't know what to do. You'll have so much knowledge.
E-mail Dan Fost at dfost@sfchronicle.com.
This article appeared on page C - 1 of the San Francisco Chronicle
rajaxsonbayboi
Jun 29, 2007, 7:49 AM
aaahh so theres hope yet!:D
rajaxsonbayboi
Jun 29, 2007, 7:50 AM
aaaahh so there hope yet!=]
BANKofMANHATTAN
Jun 29, 2007, 4:02 PM
I hope the gold stays in Vegas. It works there, but it'd look retarded anywhere else.
br.reese
Jun 29, 2007, 4:24 PM
build one in dallas
caltrane74
Oct 9, 2007, 9:50 PM
Trump is in Toronto this Friday for the official groundbreaking. Although this building is already listed as U/C by skyscraperpage.
Shoring rig is already on site, and parking lot has been ripped up to some extent, but not much else can be done until the offical ceremony takes place.
dallasbrink
Oct 9, 2007, 10:53 PM
Trump likes to throw out ideas for every city out there. He has cried wolf so many times in the past 20 years to the DFW Metroplex that the we even worry about the rumors he threw at us back in 2005. off them all, only about 2 or 3 will get built.
Chicago
Las Vegas
so who is lucky number 3?
rollercoasterjoe
Oct 10, 2007, 1:42 AM
Hey, I've been a long time reader of SSP and this is my first post, and I was wondering if anyone knew what was going on Trump New Orleans? I thought it was supposed to break ground in the summer and I haven't heard anything about it for a while now.
Austin55
Oct 10, 2007, 1:46 AM
:previous: welcome on! I was wandering what happend there.(trump new orleans)
Trump likes to throw out ideas for every city out there. He has cried wolf so many times in the past 20 years to the DFW Metroplex that the we even worry about the rumors he threw at us back in 2005. off them all, only about 2 or 3 will get built.
Chicago
Las Vegas
so who is lucky number 3?
no crap.how many rumors have we heard?:frog:
CHAPINM1
Oct 10, 2007, 5:33 AM
If there' anything that we can take Trump's word for, it is that he's good at spreading rumors.
skyscraper
Oct 10, 2007, 12:56 PM
look for Trump Tower Philadelphia groundbreaking this November.
gttx
Oct 10, 2007, 3:18 PM
Trump likes to throw out ideas for every city out there. He has cried wolf so many times in the past 20 years to the DFW Metroplex that the we even worry about the rumors he threw at us back in 2005. off them all, only about 2 or 3 will get built.
Chicago
Las Vegas
so who is lucky number 3?
Atlanta? The site has been fenced off and covered with huge images of the buildings and Trump himself. Apparently they are about 1/3 sold, so we may see this tower start by the end of the year.
caltrane74
Oct 12, 2007, 8:22 PM
Trump Toronto Groundbreaking!!
http://i227.photobucket.com/albums/dd93/sunman77/IMG_0161.jpg
picture courtesy of sunman SSC.
dallasbrink
Oct 12, 2007, 9:03 PM
:previous: welcome on! I was wandering what happend there.(trump new orleans)
no crap.how many rumors have we heard?:frog:
i have heard of 4 Trump tower rumors for Dallas starting in 1983 to 2005. 2 were supposed to be the worlds tallest, one was planned for McKenny (stupid) and the others were supposed to be twins.
I hate twin Towers, except the former WTC towers, those looked cool, all other, blah.
Atlants is lucky number 3 i guess.
dallasbrink
Oct 12, 2007, 9:05 PM
While I would love Trump to build a supertall in Dallas, I doubt VERY seriously that will happen. There's the idiotic flight path issue [Love Field] and a 1000 ft. cap on any 'scrapers in the CBD. Then there's the city council which is only good at killing the best projects. Maybe the new mayor will help, but I'd bet on a 50 floor or less building IF he actually can make a deal here.
The other issue is the explosion of residential towers here already built and U/C. With the Museum Tower coming in at 42 floors, I'd bet the market is pretty slim for another one.
Now for the designs. I hate most of them but the Dubai, Chicago, Toronto and Nawlins designs are fantastic. The Vegas tower design is horrible, especially the gold glass, but hey that sells in Vegas obviously. If he does one here I hope he gets a better design than the other cities I didn't mention.
If he wants a super tall in dallas, it would probably be over by the convention center on the south east side of Down town, far enough from the Love Field Flight path. Most likely if he built one it would be a 50 st tower.
Lorax3000
Oct 12, 2007, 9:09 PM
durcha durckha mohomedgeehod!
dallasbrink
Oct 12, 2007, 9:10 PM
Ba Dorcha dorcha ala dorcha
Maldive
Oct 12, 2007, 9:23 PM
Here's the latest render for Trump Toronto (courtesy UrbanToronto)... the Hair was here waxing effusive about the tower (copy last ground-breaking speech... paste... change "___ is one of the greatest cities in the world" to "Toronto".
http://www.upside-down.ca/sdphotos/ttrender.jpg
Aleks
Oct 12, 2007, 9:28 PM
I don't get what you just said but the tower used to look much better before.
3madjack
Oct 13, 2007, 12:14 AM
LMFAO Maldive.
JDRCRASH
Oct 13, 2007, 10:50 PM
Does Trump have any major plans for Los Angeles?
I was kind of disapointed when he didn't announce any buildings he wants to develop for L.A. during "The Apprentice L.A." T.V. season.
Westsidelife
Oct 13, 2007, 11:16 PM
^ He's tried several times to get a building up in LA, so he's definitely interested.
His last attempt was an effort to acquire a piece of property on the Westside, but was outbid by the Irvine-based company Suncal.
12 floors or more
Oct 14, 2007, 4:15 PM
Trump is the coolest guy and his projects are always so interesting to see!:yes:
JDRCRASH
Oct 16, 2007, 12:54 AM
^ He's tried several times to get a building up in LA, so he's definitely interested.
His last attempt was an effort to acquire a piece of property on the Westside, but was outbid by the Irvine-based company Suncal.
Man, thats just crap!
Yeah, I guess i'm not suprised, especially since the ordinances here are so tough!
Sometimes I wish I could just trash most of them!:D
macmini
Nov 16, 2007, 7:46 PM
Stalled Condo Projects
Tarnish Trump's Name
Buyers Lambaste Developer,
Whose Coffers Seem Secure
By ALEX FRANGOS
November 16, 2007; Page B1
Even the Trump name isn't bigger than the calamitous condo market.
Donald Trump's reputation as a real-estate developer could take a hit as some condominium projects emblazoned with his famous name run into trouble.
In recent years, Mr. Trump has lent his name, and in some cases his own money, to at least 20 projects in the U.S. and another half dozen abroad, including buildings in Dubai of the United Arab Emirates and Seoul, South Korea. While in some cities such projects are doing fine, others face slow sales, project delays and cancellations -- and irate buyers.
In Tampa, Fla., buyers who placed deposits of $200,000 to $1.2 million on units in the 52-story Trump Tower Tampa are fuming. Nearly three years after the $260 million skyscraper was started, construction has stopped.
Meantime, a Fort Lauderdale, Fla., tower with Mr. Trump's name on it was put on hold indefinitely last month, and a West Palm Beach project could be put on the shelf shortly. Construction on a Trump Tower in Toronto is just getting under way after years of delays and a reduction in height. And at Trump Tower Chicago, a hotel and condo project set to be the second tallest building in the city after the Sears Tower, 30% of the 825 units remain unsold as the condo market there slows.
Mr. Trump is known for focusing on the positive. "All of my stuff has been a great success," he said in an interview Wednesday. "Nobody has even come close to the track record that I have." He points to many other projects he is involved in that he considers outsized successes, including ones in Las Vegas, Hollywood, Fla., Miami, New York, Hawaii and the Dominican Republic. "Somebody says 'how's the market?' I say not good except for Trump," he says.
But the recent problems at developments bearing his name are evidence that no one is immune from the downdraft in the housing market. New housing projects throughout the country are suffering from weak demand and falling prices as banks tighten credit standards and a glut of empty units swells.
This time around, Mr. Trump personally is in little danger financially. During the last real-estate collapse in the early 1990s, he was pushed to the brink of bankruptcy because he was personally on the hook for hundreds of millions of dollars worth of debt. He later restructured his debt with the banks and worked his way back to doing real-estate deals.
In some recent condo projects, Mr. Trump has sold his name to developers for a fee and, in certain cases, he gets a portion of the sales in the building as well. In some he has contributed a minority slice of equity. This means, even if the projects fail, his financial exposure is limited, although his reputation may suffer. In other projects, such as in Chicago and Las Vegas, he says he is the lead investor.
At Trump Tower Tampa, which began its marketing in 2005, sales initially soared. The local development company, SimDag LLC, sold all 192 units and then, as the market skyrocketed, returned buyers' deposits, raised the units' prices and sold out again.
Then in August 2006, a city inspector examining a key part of the foundation known as the caissons discovered the plot of land wasn't solid enough to support design. Construction never resumed.
In May, Mr. Trump sued SimDag in federal court in Tampa, charging the developer with failing to pay him much of his licensing fee and failing to execute on construction and sales milestones promised in the contract. Court documents filed by Mr. Trump's lawyers say his involvement was limited to licensing his name to the developer for $4 million plus a cut of the sales.
But many of the buyers feel that they were led to believe that he had a much larger stake. "The only reason we bought into this was because of Trump," says Don Wallace, a local restaurant owner whose wife, Elaine Lucadano, has interests in two units. "He's bashing Rosie O'Donnell, and we're twisting in the wind," referring to Mr. Trump's tabloid spat with the talk-show host. Jugal and Maju Teneja, who paid $528,000 to reserve a unit in October, filed a suit against Mr. Trump and SimDag in Hillsborough County Circuit Court, claiming they deceived buyers into thinking Mr. Trump was closely involved in the development of the tower.
Mr. Trump says his role as a licensor was disclosed in offering documents given to buyers, a point Mr. Wallace disputes. Mr. Trump also noted that his ability to deal with construction problems has been limited. "When I license my name to somebody, I don't have the same power over a job," he says. "I could have pulled the Tampa job off easily. Other people can't pull it off easily." Now, Mr. Trump says, the Tampa project has become a victim of the deteriorating financing and sales climate. "If there was a job today that was going to start...I would most likely say let's wait a little while," he says.
Overall, though, he says his projects are successful, even in markets that are suffering problems, noting his name indeed sells units. "How many times is Trump supposed to be selling out a building before they move forward?," Mr. Trump asks. As for his brand image, he says: "Tampa doesn't hurt me."
SimDag pins the delays on construction problems. "This wasn't a story about a bad market. It's a story about bad soil," says David Hooks, a spokesman for SimDag. The developer says it is now being held up by a delay in obtaining construction financing and that the company is close to getting financing from a hedge fund it declined to identify.
The Trump name has driven the success of numerous condo projects. Mr. Trump says six months ago he received nonrefundable deposits for every unit on a project in Honolulu in one day. His says his interest in the project goes beyond licensing his name, but declined to give details. A condo-hotel tower in New York's Soho that he is affiliated with has 4,500 inquiries of interest for 450 slots, though they aren't for sale yet, he says.
But not all of Mr. Trump's ventures have been runaway successes. His casino company was forced to seek bankruptcy-court protection in 2004. It emerged in 2005 as Trump Entertainment Resorts Inc., but has since struggled.
In the condo market, some of Mr. Trump's projects may be suffering in part from brand dilution. One person familiar with the Fort Lauderdale project Trump Las Olas said it was shelved partly because Mr. Trump has lent his name to two other projects nearby.
Mr. Trump denies there was any brand dilution, though he says Trump Las Olas didn't make it because it "can't compete with the Graves site," a hotel and tower project that also bears his name in Fort Lauderdale, designed by architect Michael Graves. "Frankly, it's a better site...It's a more impressive building," Mr. Trump says.
Mr. Trump's delayed condo-hotel project in Toronto fell behind a competing Ritz-Carlton, and the building now going up has 13 stories fewer than originally planned. However, Mr. Trump says the project is in good shape.
In Atlanta, two condo towers with the Trump name are about to be launched at a time when 5.8% of the homes there are for sale, the second-highest inventory of unsold homes in the country, according to Zelman & Associates, a housing-research firm.
Mr. Trump says Atlanta is "a beautiful job going well." Asked about Atlanta's poor housing market, Mr. Trump said, "You know I can't be everywhere. It's like somebody says, 'why didn't you build here or there?' Who's done better deals than me?"
Write to Alex Frangos at alex.frangos@wsj.com
http://online.wsj.com/public/resources/images/MK-AM822A_TRUMP_20071115211644.gif
RazzMan
Nov 21, 2007, 5:35 PM
[QUOTE=macmini;3171998]Stalled Condo Projects
Tarnish Trump's Name
Buyers Lambaste Developer,
Whose Coffers Seem Secure
By ALEX FRANGOS
November 16, 2007; Page B1
Even the Trump name isn't bigger than the calamitous condo market.
Donald Trump's reputation as a real-estate developer could take a hit as some condominium projects emblazoned with his famous name run into trouble.
In recent years, Mr. Trump has lent his name, and in some cases his own money, to at least 20 projects in the U.S. and another half dozen abroad, including buildings in Dubai of the United Arab Emirates and Seoul, South Korea. While in some cities such projects are doing fine, others face slow sales, project delays and cancellations -- and irate buyers.
In Tampa, Fla., buyers who placed deposits of $200,000 to $1.2 million on units in the 52-story Trump Tower Tampa are fuming. Nearly three years after the $260 million skyscraper was started, construction has stopped.
Meantime, a Fort Lauderdale, Fla., tower with Mr. Trump's name on it was put on hold indefinitely last month, and a West Palm Beach project could be put on the shelf shortly. Construction on a Trump Tower in Toronto is just getting under way after years of delays and a reduction in height. And at Trump Tower Chicago, a hotel and condo project set to be the second tallest building in the city after the Sears Tower, 30% of the 825 units remain unsold as the condo market there slows.
Mr. Trump is known for focusing on the positive. "All of my stuff has been a great success," he said in an interview Wednesday. "Nobody has even come close to the track record that I have." He points to many other projects he is involved in that he considers outsized successes, including ones in Las Vegas, Hollywood, Fla., Miami, New York, Hawaii and the Dominican Republic. "Somebody says 'how's the market?' I say not good except for Trump," he says.
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NEVER buy a property with a name license deal....Only buy Trump International Where Trump is 100% involved...............i.e Trump Las Vegas is doing great!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Lecom
Nov 21, 2007, 8:56 PM
Damn, Trump Toronto took forever to even get to a groundbreaking. How long has it been since the [mediocre] design has been released?
Bailey
Dec 2, 2007, 4:38 PM
I can give many reasons to build one in Downtown Houston… For one there is not enough residential downtown and there will be a spark that will educe this change very soon..
The area around the New Lamar Park Downtown(U/C) in-between George R Brown Convention Center/Toyota Arena/Minute Maid Park is Prime Property now. Also with the Houston Pavilions(U/C)(Huge Shopping Entertainment District) down the road this area screams for some high-rise condo project (Park Tower - Proposed). There is already a 36 story tower going up at the end of the park.. I would figure Trump might think about this area’s possibilities =X
http://img136.imageshack.us/img136/8991/aa33vt.jpg
Has Trump even ventured into Texas?
I agree with you houstnx that downtown Houston is screaming for an increased residential population. All the amenities are there. All of the developers here are so scared to build anything with a residential component. EDG pulled the residential portion out of the Pavilions at the last minute which would have really sustained its project. Hines and Trammel Crow among others are big enough firms to pull it off but are scared.
True, the Finger Company is building One Park Place. It's great to have luxury apartments but even this company missed a giant opportunity- why couldn't they have reduced the size of the units, make it more affordable , integrate it better with the urban landscape, and select a design that is WORTHY of the prime location at the base of the park. The design is very uninspiring and I'm afraid the type of residents to rent out a penthouse unit is not the type that will significantly add to the street atmosphere.I want to see downtown become a neighborhood because people want to be there and use its amenities.
I was in a discussion last week with a business owner and the restaurants, shopping, gyms, etc. close in the evening and on the weekends because no one is there and no one is there because everything is closed which scares developers off.
Someone's got to be the pioneer- Why not DONALD TRUMP. Gerald Hines couldn't do it.
Trump-why not develop a super tall building in Houston mixing residential/ hotel, office, retail, and restaurants. I know Trump can pull it off and many 'front runners' in Houston will scurry to eat up that property because of the Trump brand. A Trump property definitely would add 'synergy' to downtown.
The Don needs to get it done!
Neosoul
Dec 3, 2007, 1:02 AM
Housing slump will not derail Atlanta tower
By JULIE B. HAIRSTON
The Atlanta Journal-Constitution
Published on: 11/30/07
Just four days after joining the Trump Organization in 2005, Ivanka Trump flew to Dubai to join in negotiations for a luxury hotel and condominium project.
Soon after, she began meeting with Atlanta-based Wood Partners for the Trump Towers Atlanta project poised to rise on West Peachtree Street behind the High Museum of Art.
Elissa Eubanks/AJC
(ENLARGE)
Ivanka Trump poses high above Atlanta. The famous developer's daughter was in town to open a sales center for Trump Tower's Midtown Atlanta project.
Elissa Eubanks/AJC
(ENLARGE)
A model of Trump Tower in the new Midtown sales center.
Amid gloomy news of the housing slump and a Wall Street Journal report that some Trump projects are struggling, the Wharton School of Finance graduate, now 26, flew to Atlanta Wednesday to christen Trump's new Midtown sales center and reaffirm the company's faith in the project.
Between posing for photos and greeting prospective buyers, the young Trump vice president for development and acquisitions paused to talk about her vision for the company, the special challenges of working in a family business, and Atlanta's prospects as an international city.
Q: A recent Wall Street Journal article wrote about some of the Trump projects slowing down in Florida.
A: Yeah, I saw that article and thought it was very unfair. It was just a very negative perspective of all of our successes.
They mentioned this project, which I think shows actually how wrong the article was. We're here to celebrate the opening of a sales center.
We have 80 hard contracts [of 350 units], which is incredible. We've had an 80 percent conversion from reservations to hard contracts.
Q: And of those contracts, how many are foreign investors? We're starting to see a lot foreign investment in the U.S.
A: We're seeing that in all of our properties.
I think [the reasons are] two-fold: Our Trump brand is known throughout the world. So if a foreign investor is interested in the luxury sector and looking in Atlanta, they're going to come to our property.
We always have a larger foreign base than is typical in a market, especially here in Atlanta.
And if you're paying with a Euro, you're buying at a 50 percent discount. And Atlanta is a less expensive market. So when you compound that with the discount due to the weakness of the dollar, it's an amazing deal for a foreigner.
Q: So, what is your feeling about home sales? Numbers out today on resales showed they declined nationwide.
A: Atlanta is actually performing better than the nationwide average. But there's no doubt the real estate market is suffering. We're coming off one of, if not the greatest, highs real estate has ever had. And certain markets are still faring extremely well.
At the end of the day, we're still seeing velocity the other developers aren't simply because of the international buyer and people who are drawn to our name.
When times are good, there's more product available because every dentist and lawyer thinks they're a developer. But in tougher times and when the market's not as good, those people disappear.
Q: How do you plan in uncertain economic times? As a developer, you're trying to look three, six, even 10 years out.
A: And that's how you have to look. Right now there are tremendous opportunities all across the country.
I spend a majority of my time looking for deals, great pieces of land that you can get cheaply or units in buildings.
Plus, a lot of my focus is being shifted overseas. It's good for each of our properties and builds the base of loyal buyers internationally. I spend half my time and over half my projects are overseas right now.
Q: How do you see Atlanta positioned vis a vis other cities, other areas of the world?
A: I think Atlanta's less international than New York or Los Angeles. But I think that's increasingly changing because of all the international corporations based here [and] because of the academic institutions.
And it's just a great city. Atlanta does a very good job in keeping the people who come down here to study and what-not and converting them to Georgians. As a result, it's a really dynamic, youthful, wealthy and growing city.
Q: How do you manage the particulars of doing business with family, keeping your business relationships separate from your personal relationships and vice versa?
A: I don't know that you do, but if it works out well, you grow closer. I know [my brothers] much better now than I did four years ago. We spend tremendous amounts of time together. Our offices are all right next to one another. And that can work out quite well or quite badly. There's no way to know.
It actually kept me up at night. I love my family. I love my father [Donald]. Prior to joining the company, I was extremely worried because [sometimes] you just don't respond well to one another.
But we've been fortunate. We get along well, especially given how similar we are. And it's really working. ...I went to Wharton. I had great education. But in retrospect, the amount I've learned in the last three years of my life relative to anything before is really amazing.
Q: How much latitude do you get from your father to make mistakes? To learn?
A: To make mistakes? Probably very little latitude. But to learn, thus far, quite a bit.
That was another thing I was thinking about prior to joining the company. My father likes, is used to, and has only known being in charge. So I wondered how he would respond in allowing us to grow. It's not easy for somebody who's used to running the show. And he's done a really exceptional job.
He's always watching, but he does allow us to make a deal. And there's no deal I've made thus far that he's questioned economically. That, to me, is the ultimate testament, because I know if I struck a deal and he thought he could have done better, he would.
Q: What's the best piece of business advice your father ever gave you?
A: Love what you do. It's his No.1 rule in life.
He's always tested my conviction that real estate was what I actually wanted to go into. He constantly suggested other things to the point where I almost got offended, thinking that he was gently telling me that he didn't think I had what it takes.
I eventually realized he was making sure that it was what I wanted to do as opposed to thinking it was a role I ought to assume.
Q: When you reach your father's age, what mark would you like to have left on the Trump organization that you can claim as your own?
A: The [Trump] brand has incredible luxury connotations. I'd love to take that base and grow it, particularly internationally. And the hotel operation as well.
Q: You've been lucky to have ascended to an executive position very early in life.
A: We joke that our company titles mean absolutely nothing. At the end of the day, it's my father and everyone else.
FLBlake
Jun 19, 2008, 1:29 PM
Trump Tampa - One foot in the grave?
http://www.tampabay.com/news/business/realestate/article631783.ece
CapitalCity
Jun 21, 2008, 12:19 AM
will trump ever come to the pacific northwest?? seattle or portland? :shrug:
salem?:rolleyes: :rolleyes:
brickellresidence
Jun 22, 2008, 9:02 PM
you guys haven't heard of more trump towers.
there's alot of trump towers in sunny isles beach.
the trump plalace
the trump royale
the trump towers sunny isles beach
NDPhilly
Jun 23, 2008, 5:55 PM
[the trump tower in Philadelphia is just pathetic. i meen they cant think of a better design.
And the one in Dubai just looks like some chubby little tower.
____________________________________________________________
visit my mini cityhttp://glen-mills.myminicity.com/
FLBlake
Jun 23, 2008, 8:33 PM
you guys haven't heard of more trump towers.
there's alot of trump towers in sunny isles beach.
the trump plalace
the trump royale
the trump towers sunny isles beach
Are those "proposals", or under construction, or completed? This thread is for proposals.
timmydogg91
Jun 25, 2008, 10:58 PM
How about Pittsburgh, with luxury condo projects booming
TOBoy
Jun 26, 2008, 12:33 AM
Trump Toronto crane up
Thanks to Current @ Urbantoronto.ca
http://farm4.static.flickr.com/3211/2607267933_9ecc49cf37_b.jpg
http://farm4.static.flickr.com/3222/2607268037_e57a316d74_b.jpg
http://farm4.static.flickr.com/3122/2607268067_7570fdc7a6_b.jpg
brickellresidence
Jun 26, 2008, 4:15 AM
Are those "proposals", or under construction, or completed? This thread is for proposals.
well they opened it this month
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