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RobMidtowner
Apr 13, 2007, 1:37 PM
Trump apprentice may work here
Atlanta Business Chronicle - April 13, 2007by Jill Lerner FriedmanStaff Writer
Donald Trump's next apprentice may be coming to Atlanta.
The winner of Trump's reality show, set in Los Angeles this season, will be given the opportunity to oversee the $500 million-plus Trump Towers Atlanta.
The Atlanta project, at 15th and West Peachtree streets, will be one of two options, and has a high likelihood of being selected, according to a source familiar with the choices.
Trump and daughter Ivanka will be in Atlanta April 13 for a Trump Towers Atlanta broker event.
The appearance by father and daughter, along with the Atlanta tie-in to "The Apprentice," are sure to generate publicity for the development -- underscoring the importance of Trump Towers Atlanta to its namesake.
The reality show, now in its sixth season, follows 18 candidates as they vie to become Trump's "apprentice" and win the opportunity to work for the famed developer; each week, a contestant is "fired" from the competition.
Season one's winner, Bill Rancic, opted for the job of overseeing a 90-story Trump project in Chicago.
Several Atlantans have appeared as contestants.
While Ivanka and Don Jr. are leading the Atlanta project for their father's company, Trump said in a phone interview that he is a regular visitor to Atlanta and was not surprised when the U.S. Census Bureau announced earlier this month that Atlanta had added more residents than any other metro area from 2000 to 2006.
Atlanta absorbed about 890,000 residents during the period.
"I'm there quite a bit; it's an area I love," Trump said.
The population growth, he added, "was obvious to me."
The Trump Towers Atlanta preview office officially opens the weekend of April 14 and developers already have more than 1,000 names on a waiting list to buy units, according to Mark Randall, director of Atlanta-based Wood Partners LLC, which is joint-venturing with the New York-based Trump Organization and New York-based Dezer Properties Inc. to build Trump Towers Atlanta.
The preview office is located at Kenji Design Studios -- a design firm run by singer Kenny Rogers and his business partner Jim Weinberg -- which is consulting for Trump Towers Atlanta.
Randall said a survey of more than 600 people on the wait list indicated that a majority plan to live at the property rather than buy solely as an investment for re-sale.
Developers hope to begin construction on the first phase -- which will include more than 360 units -- in August. Expected completion is early 2010.
The second phase calls for 200 units.
R.J. Griffin & Co. in Atlanta is the general contractor for Trump Towers Atlanta and the architect is The Preston Partnership.
Dutch firm Global State Investments is the financial partner for the project and Merrill Lynch & Company Inc. is the lender.
Wood Partners and Dezer are in talks with Trump to partner on projects in Seattle and possibly Los Angeles as well.
gttx
Apr 13, 2007, 1:58 PM
Good news that 1000 people are on the waiting list....no so great news that they quote an August start, when the ABC reported a few weeks ago that it would break ground in June.
-GR2NY-
Apr 13, 2007, 2:03 PM
Impressive.
Labtec
Apr 13, 2007, 5:59 PM
Pretty Impressive but not as impressed as I would've been. I wonder how I would've thought about it if I saw this before I saw the Mandarin post.
cabasse
Apr 13, 2007, 6:20 PM
Pretty Impressive but not as impressed as I would've been. I wonder how I would've thought about it if I saw this before I saw the Mandarin post.
careful, markets might cut you for saying something - anything - negative about a developer. hehe
other than chicago, i can't really think of any other city where trump built a truly standout building. his new york developments are nice, but so is this - nice, but not amazing. i'd actually go as far as saying trump towers atlanta seem to be more attractive than most others out there; look at philly's or tampa's for example.
MarketsWork
Apr 13, 2007, 6:49 PM
careful, markets might cut you for saying something - anything - negative about a developer. hehe
other than chicago, i can't really think of any other city where trump built a truly standout building. his new york developments are nice, but so is this - nice, but not amazing. i'd actually go as far as saying trump towers atlanta seem to be more attractive than most others out there; look at philly's or tampa's for example.
Alright -- my CrackBerry is on the fritz, and I am downright crotchety today! But a fresh pot of coffee has restored my mellow outlook. Apologies to cokezero and innocent bystanders for my irritability. Dammit.
:cool:
I agree with your assessment of Trump Towers Atlanta. There can only be one "best" -- and that one clearly is rising by the Chicago River -- but that doesn't mean that anything less can't still be very good. TTA is pretty damned nice, and will make a beautiful addition to the Midtown skyline. And I think the Mandarin renderings are beautiful. In general, unless a new tower is just plain butt-ugly, I'll tip my hat to the developer and hope he builds more...
ThrashATL
Apr 13, 2007, 7:01 PM
Hey, until some actual dirt is moved and some concrete poured, TTA can still look any way it wants.
BY THE WAY... the website was updated with a VIRTUAL tour of the project.... in case
anyone is interested.
CHAPINM1
Apr 13, 2007, 11:13 PM
As strange as this may sound, does anyone think that there is a possability of a height increase for both towers seeing as how the sales may be way better than projected?
sunking1056
Apr 13, 2007, 11:54 PM
As strange as this may sound, does anyone think that there is a possability of a height increase for both towers seeing as how the sales may be way better than projected?
I sure hope so... after watching the virtual tour I was disappointed with how short the towers looked. I mean, I'm glad they're being built at all, but I was surprised by their relatively short appearance
Trae
Apr 14, 2007, 12:12 AM
I wouldn't mind a height increase, but it isn't necessary.
john3eblover
Apr 14, 2007, 1:45 AM
I sure hope so... after watching the virtual tour I was disappointed with how short the towers looked. I mean, I'm glad they're being built at all, but I was surprised by their relatively short appearance
thats exactly what I was thinking.....i mean this is TRUMP...I'm way more excited by the Mandarin project than this one right now.
slinkster65
Apr 14, 2007, 2:24 AM
Remember though, it is just the Trump name, not actually his group doing the construction. I think it would be more eye catching if they were taller, and I guess it could happen but...
ATLBlaxican
Apr 14, 2007, 4:13 AM
I don't think that the virtual tour is that accurate though. It shows the 4 Seasons towering over 1180 Peachtree and according to this site building diagram, 4 Seasons is shorter, plus someone posted eailer that the height for the 47 story tower was 576ft and 1280 West is only about 400ft. I don't know, I just hope it gets built!!!
BardSeed
Apr 14, 2007, 4:37 AM
The towers really do look wee. ...and ATLBlaxican, while I'm sure the tour wasn't exactly to scale all the time, you'd figure that they'd do as much as possible to make the two buildings in question pretty accurate.
I wish this would make more of a dent on the skyline and less of a dent at street level. That big ole fountain is kinda cool and certainly distinctive, but to me it's just one more impediment to a more pedestrian-friendly city.
GNofAtlanta
Apr 23, 2007, 4:07 PM
Anyone watch the show last night? They had the Trump Atlanta as a choice, the winner went with the other one though, but it was still a very good plug for this project.
loupremo
Apr 23, 2007, 7:47 PM
i hate donald trump, but congrads Atlanta...
mayhem
Apr 25, 2007, 11:24 PM
As strange as this may sound, does anyone think that there is a possability of a height increase for both towers seeing as how the sales may be way better than projected?
I don't think it can happen. I asked Wood about the possibility of that and he said the two towers, as is, maxed out the zoning / FAR for the parcel.
Toxostoma Rufum
Apr 26, 2007, 5:04 AM
thats exactly what I was thinking.....i mean this is TRUMP...I'm way more excited by the Mandarin project than this one right now.
Ah...perhaps the Mandarin project might influence the Trump Project to go a little higher???
ATLssMania
May 2, 2007, 2:02 AM
So how tall will these towers be in feet? 500 feet?
James2390
May 3, 2007, 3:09 AM
I have a feeling they might do some adjustments before they start construction.
CHAPINM1
May 3, 2007, 3:51 AM
I have a feeling they might do some adjustments before they start construction.
I hope it's the opposite of the BS (height reduction) they are pulling with Trump Tower Toronto.
gttx
May 3, 2007, 11:17 AM
If they really plan to start in June, then there won't be any design alterations. Anyone who knows anything at all about construction knows you can't just go changing things like the height of a building on a whim; any changes would necessarily delay this project for months. So many people here think real life is like SimCity...
Atlriser
May 3, 2007, 12:49 PM
LOL, gttx, you are so right. I thought Atlanta was SimCity though, we could just wish everything the way we want it and forget about economics and pretend reality doesn't exist.......
Darn, I'm living in the wrong city if that's not the case.....
James2390
May 5, 2007, 6:08 PM
I wasn't aware that the project was starting in June. Excuse me.
ATLksuGUY
May 6, 2007, 3:44 PM
Correct me if i am wrong, but is this the aproximate location of Trump Atlanta?
http://i192.photobucket.com/albums/z10/ddawguga/futuretrump.jpg
This thread is getting stale
atl2phx
May 6, 2007, 4:06 PM
^^^ KSU, in that pic, trump towers would be immediately to the left of IBM/atlantic center (or, just north of atlantic center on west peachtree).
gillium2236
Jun 1, 2007, 6:14 PM
http://i207.photobucket.com/albums/bb287/gillium2236/575.jpg
tower one - 575' 10"
tower two - 470' 4"
CHAPINM1
Jun 4, 2007, 7:38 AM
I know groundbreaking is this month, but what day exactly is it set for?
gttx
Jun 4, 2007, 12:13 PM
It was supposed to be June 1....but that deadline was missed, apparently. There hasn't been too much news lately.
CHAPINM1
Jun 4, 2007, 1:24 PM
Typical Trump lack of progress on this project among others including: Tampa, Toronto, New Orleans, Denver, and others on an endless list with fates highly questionable...
bobdreamz
Jun 4, 2007, 1:59 PM
^ Trump just franchises his name now to developers in the cities listed above and gets paid licensing fees from them I believe. Tampa's project is most likely dead now & Trump is suing the developers.
gttx
Jun 4, 2007, 10:57 PM
^ Trump just franchises his name now to developers in the cities listed above and gets paid licensing fees from them I believe. Tampa's project is most likely dead now & Trump is suing the developers.
I have no doubt that the Atlanta one will happen.....it's just a matter of when. It's easy to get impatient with construction, but remember that we're talking about hundreds of millions of dollars worth of labor and materials coming together - it doesn't happen over night. I check the site out every day for signs of life, but for now nothing is going on.
Atlriser
Jun 5, 2007, 3:26 PM
Thank you gttx. I get tired of hearing on the boards about missed ground breakings.....it's like these dates mentioned in the marketing materials are dates in stone. Until you are holding the construction schedule of the GC, you don't know the exact date for construction activities to begin. Futhermore, there is so much that takes place before a single piece of equipment is on the ground that is construction activity that the general public has no knowledge about. All they see is the actual building rising and assume that's construction...with no thought given to the enourmous amount of behind the scenes activity a project of this caliber requires.
CHAPINM1
Jun 5, 2007, 4:12 PM
Thank you gttx. I get tired of hearing on the boards about missed ground breakings.....it's like these dates mentioned in the marketing materials are dates in stone. Until you are holding the construction schedule of the GC, you don't know the exact date for construction activities to begin. Futhermore, there is so much that takes place before a single piece of equipment is on the ground that is construction activity that the general public has no knowledge about. All they see is the actual building rising and assume that's construction...with no thought given to the enourmous amount of behind the scenes activity a project of this caliber requires.
That doesn't seem to be the case most of the time on the Minneapolis thread, there are several developments awaiting construction such as the Nicollet witch will be the 5th tallest in Minneapolis upon completion. People automatically assume that it is falling through since it hasn't started and has been delayed, people do forget how much planning and time it can take! I like the mentality on this forum, it is much more optimistic!!! :D
However, I just questioned the construction because I have seen several Trump frachised projects go nowhere for quite sometime now other than the Chicago and Las Vegas projects basically. I know that the Atlanta project will take off, I have a good feeling about it especially with the market being what it is there.
RobMidtowner
Jun 8, 2007, 7:27 PM
There's promotional signs on the site now. Nothing new, just an advertisement but seems like this project will be moving forward soon.
Regarding the Trump Towers development, does anybody know if 15th Street will connect W Peachtree St and Spring St? I don't think I've driven past 15th several times and missed the fact the street does not connect the two but I may be paying more attention to traffic. Also, unrelated to TT, will 13th connect the same streets soon or at some point?
mayhem
Jun 15, 2007, 6:52 PM
Regarding the Trump Towers development, does anybody know if 15th Street will connect W Peachtree St and Spring St? I don't think I've driven past 15th several times and missed the fact the street does not connect the two but I may be paying more attention to traffic. Also, unrelated to TT, will 13th connect the same streets soon or at some point?
15th St will be connected. No word on 13th.
smArTaLlone
Jul 22, 2007, 5:27 PM
In a Business Chronicle article Mark Randall of Wood Partners says that they have reached an '"internal hurdle" of 30% pre sales and they mention fall as the target for groundbreaking.
mayhem
Aug 1, 2007, 11:00 PM
In a Business Chronicle article Mark Randall of Wood Partners says that they have reached an '"internal hurdle" of 30% pre sales and they mention fall as the target for groundbreaking.
Great news! I can't wait to see these two go up as well as the Met Life properties right up the street. These will be great infill for the Midtown skyline.
RobMidtowner
Aug 3, 2007, 1:00 PM
Here's a pic of the model in the sales center:
http://cll.bizjournals.com/story_image/92306-400-0.jpg?rev=2
I can't wait to see this baby go up! :righton:
Complex01
Aug 3, 2007, 2:36 PM
That is an intresting design. I do like those curves. Adds some nice views of it. It will be kewl watching it rise...
:yes:
smArTaLlone
Aug 30, 2007, 4:28 PM
Don't know if this rendering has been posted here.
http://hcp.4msol.com/project/images/1(1).jpg
STrek777
Aug 30, 2007, 9:10 PM
Don't know if this rendering has been posted here.
http://hcp.4msol.com/project/images/1(1).jpg
At least they got the traffic going in the right direction.
Question?
Does anyone else get the feeling that the designers forgot to take traffic flow into consideration when they were putting the towers together? It seems like it would make more sense to have the Trump waterfall and grand entrance facing West Peachtree rather than Spring St. Well that's my 0.02 have a great day!
BlueSangha
Aug 30, 2007, 10:04 PM
Now if we could just get the damned things built
MarketsWork
Aug 31, 2007, 12:28 AM
Does anyone else get the feeling that the designers forgot to take traffic flow into consideration when they were putting the towers together? It seems like it would make more sense to have the Trump waterfall and grand entrance facing West Peachtree rather than Spring St. Well that's my 0.02 have a great day!
An even better reason than the traffic flow is that West Peachtree Street just feels more like the "front door" than Spring Street. Given the probability that the new Symphony Hall will be built right across West Peachtree over the MARTA Arts Center Station, this location is looking better all the time. But these are shrewd people and I'm sure they are aware of this, so I doubt they're going to show their backside to West Peachtree.
L.ARCH
Sep 19, 2007, 8:13 PM
They've started putting up a construction fence! :D
L.ARCH
Sep 19, 2007, 8:26 PM
What do ya'll think are the chances of Hines redeveloping that parking deck across from the proposed towers? Looks like it was an "add-on" anyway and it seems to me, with Trump going in next door, the land would be much more valuable as anything but parking (hotel, office, mixed use, whatever). Across the street from Trump Towers... sounds like a good address to me.:yes:
MarketsWork
Sep 19, 2007, 10:39 PM
I don't think there's much of a chance of Hines redeveloping the parking deck. For one thing, there are still plenty of other building lots available nearby. For another, the need for parking is strong and growing. In fact, that parking garage might be even more useful for after-hours parking if the new Symphony Hall gets built next door above the Arts Center MARTA Station (as I suspect it will).
I wonder if it would be practical to partially renovate the parking garage to add two floors of retail space along West Peachtree -- similar to what was done to the parking garage Downtown at the NW corner of Peachtree and International? That might kill two birds with one stone -- if it will work.
gttx
Sep 20, 2007, 1:57 AM
The Trump renderings show the bottom floors with a masonry facade....perhaps they're hoping for a retro-fitting as well...
Stratosphere 2020
Sep 20, 2007, 1:58 AM
I don't think there's much of a chance of Hines redeveloping the parking deck. For one thing, there are still plenty of other building lots available nearby. For another, the need for parking is strong and growing. In fact, that parking garage might be even more useful for after-hours parking if the new Symphony Hall gets built next door above the Arts Center MARTA Station (as I suspect it will).
I wonder if it would be practical to partially renovate the parking garage to add two floors of retail space along West Peachtree -- similar to what was done to the parking garage Downtown at the NW corner of Peachtree and International? That might kill two birds with one stone -- if it will work.
Perhaps if all the lots in the area are all built up, and the demand for commerce and residential is still high for the area, they may reconsider building more underground parking.
Danavis
Oct 2, 2007, 11:58 AM
Hello everyone, I am new to this site but am happy to have found it. I first heard about the Trump Towers project about 2 weeks ago while walking through Lenox mall in Atlanta, and became interested in actually purchasing one of the homes. I have been in contact with one of the sales people (in person and in email) regarding build dates and prices etc. Here is the information that I know (I haven't seen it posted, thats why I am posting it)
Trump Towers Atlanta
Price Range
Model / Size Type View /Price Range
A1 - 1,008 sq. ft 1 bedroom/1 ½ baths N - $570,000 - $655,000
A2 – 1,076 sq. ft. 1 bedroom/ 1 ½ baths N -$521,000-$686,000
A3 – 1,244 sq.ft 1 bedroom / 2 baths plus den S - $705,000-$865,000
B1 – 1,301 sq. ft. 2 bedrooms/ 2 ½ baths N - $633,000-$851,000
B2 – 1,532 sq. ft. 2 bedrooms/ 2 baths N - $801,000-$1,056,000
B3 – 1,536 sq.ft 2 bedrooms/ 2 ½ baths S -$816,000 -$1,099,000
B4 – 1,656 sq. ft. 2 bedrooms/ 2 ½ baths N -$834,000-$1,081,000
B5 – 2,037 sq. ft. 2 bedrooms/ 2 ½ baths plus den S -$1,109,000-$1,349,000
B6 – 2,027 sq. ft. 2 bedrooms/ 2 ½ baths plus den S -$1,078,000-$1,303,000
B7 – 2,137 sq. ft. 2 bedrooms/ 2 ½ baths plus den S - $1,103,000-$1,112,000
B8 – 2394 sq. ft. 2 bedrooms/ 2 ½ baths plus den S - $1,392,000 - $1,597,000
**PENTHOUSES AVAILABLE-PRICES UPON REQUEST**
Prices and availability subject to change
---> the earnest money is 10% at the time of writing a contract and then 5% in about 1-2 years when the building is close to being finished. The penthouse floor plans can be customized somewhat. The space available is anywhere from 2800 - 8000 sq ft. They are priced between $800 - $850 a sq ft.
The way it works with the penthouses is you would come in to the office and
meet with our designer. You will say approx. how many square feet you want, how many bedrooms, what side of the building etc. He will then put a floor plan together for you.
--->We have been selling for 6 months now and already sold 125 homes. It has been a huge success especially in the slow market.
We are due to break ground in the next couple of months, and completion should be the early part of 2010.
The above paragraphs were responses to questions I had regarding penthouse floor plans, availability, and completion date. Hope this is of some valuable information to the board.
Wow! 125 have already been sold? That's much better news than I think any of us expected.
Did anyone else get invited to the cocktail reception sponsored by Trump and Maserati? I'm thinking about going.
RobMidtowner
Oct 2, 2007, 6:51 PM
^Not to be a downer but it was reported back in July that the first tower was one-third sold (1/3 of 363 units = 121 units)...so I'm not sure how good of news it is to hear they've sold 125 units 3 months later. But then again who knows for sure, the sales agent could've been quoting old sales figures. :shrug:
http://www.midtownmile.com/Docs/ajc_07_07_17.pdf
Danavis
Oct 6, 2007, 3:25 AM
^Not to be a downer but it was reported back in July that the first tower was one-third sold (1/3 of 363 units = 121 units)...so I'm not sure how good of news it is to hear they've sold 125 units 3 months later. But then again who knows for sure, the sales agent could've been quoting old sales figures. :shrug:
http://www.midtownmile.com/Docs/ajc_07_07_17.pdf
I agree...I dont think they are going to be running out of any prime floorplans any time soon...
mayhem
Nov 6, 2007, 7:30 AM
Cars are off the lot and the site has been fenced in.
echinatl
Nov 6, 2007, 2:48 PM
Anyone know when work will begin? It has to be soon for them to pass on the parking revenue. Also, will there be a webcam!?
RobMidtowner
Nov 6, 2007, 6:59 PM
I just noticed the same mayhem...looks like we'll have another project starting soon!
10% earnest money 2+ years before it's set to be completed?! That's a little absurd when the average unit price is $1M. With interest compounding, that's going to cost would-be owners an additional $15-$20k for no good reason.
With how sophisticated I would expect buyers are who can afford these units, I could imagine that being a sticking point. With how slowly they're selling, though, I wonder if one could negotiate around it.
Atlriser
Nov 13, 2007, 3:30 PM
Well, I looked at a unit during the opening gala for Atlantic. I had a maybe 25% interest in a unit but they wanted if I remember correctly $40,000 down at that time and occupancy was over 2 years out. Maybe I was just not the type of buyer that buys into these condos because I couldn't justify that type of commitment and not even a guarantee that occupancy would occur when projected. During that first week of the Atlantic they sold around 30 units though or 7% of them to my surprise.
echinatl
Nov 27, 2007, 4:39 PM
Any new info on this?
micropundit
Nov 30, 2007, 11:04 PM
http://img.coxnewsweb.com/B/07/80/14/image_6214807.jpg
atl2phx
Nov 30, 2007, 11:22 PM
80 hard contracts? not too bad, huh?
this is actually an interesting article with some interesting data.
in particular, i find the foreign investor conversation interesting for atlanta.
IVANKA MARKETS TRUMP ATLANTA (http://www.ajc.com/business/content/business/stories/2007/11/30/ivanka_1201.html)
http://img.coxnewsweb.com/B/04/74/14/image_6214744.jpg
http://img.coxnewsweb.com/B/07/80/14/image_6214807.jpg
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.
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.
SteveD
Nov 30, 2007, 11:22 PM
I like 'em! That one on the right looks pretty darn tall, even though I've previously bitched about 'em not being tall enough. I think that puppy will appear to be about 50 stories tall, with the curved architectural detail at the top...not too shabby. :tup:
Neosoul
Jan 3, 2008, 12:36 AM
A sales guy at the Trump booth at Lenox (Neiman Marcus wing) said that construction would start on Tower 1 in January. Hope he's right!
civilexpert
Feb 25, 2008, 6:06 AM
I agree, skyscrapers are awesome.
civilexpert
Feb 25, 2008, 2:21 PM
People keep talking about height of the two buildings but they don't realize there's like a 20 foot grade difference. I'm guessing 15th will be steep from what I saw when I visited the site.
I haven't seen the plans for the 15th street improvement, but given that the "IBM" parking deck floor is below west peachtree street and right along the proposed 15th, there will have to be a wall along the edge of 15th to not disturb the deck structure. I saw the render animation on trumptowersatlanta.com and everything looks a lot flatter than it really is, this one will be interesting to watch, but if you ask me something isn't right from a civil standpoint.
The DOT has a lot of work to do, if the DOT is even doing this road? Coordinating between private and DOT construction is probably difficult. I'm a civil engineer and am not sure how this whole process will work, but I'm betting there's a major communication setback going on right now in this project.
http://i86.photobucket.com/albums/k105/blondandfun/trump1.jpg
http://i86.photobucket.com/albums/k105/blondandfun/trump2.jpg
Danavis
Jun 7, 2008, 5:28 AM
I don't know if anyone is still following this, but I am getting discouraged.. :(
In effort to sell me the penthouse, They were running a promotion about a month back where nothing was due at time of contract, also I believe 10K was due at ground breaking...which was suppose to be April or May....obviously hasnt happened.
And then 10% would be due within the 2 years building, which could be paid in monthly installments...
It all sounded nice, and the saleswoman even told me I need to act now because as soon as groundbreaking happens, this deal will no longer exist.
She even said I could get in the contract and decide to back out before putting down a deposit................riiiiiiight
Well, no matter how much I wanted to own a piece of trump, I wouldnt put down a cent until I see some progress.
hittatl
Jun 9, 2008, 1:27 AM
There was an article in the Business Chronicle a couple of weeks ago saying that financing still had not been obtained. Until that happens everything is in gridlock.
I personally just secured financing on a condo and supposedly the new lending rules state you must have 10% down for condos. This will probably continue to slow things.
STrek777
Jun 9, 2008, 8:48 PM
There was an article in the Business Chronicle a couple of weeks ago saying that financing still had not been obtained. Until that happens everything is in gridlock.
I personally just secured financing on a condo and supposedly the new lending rules state you must have 10% down for condos. This will probably continue to slow things.
If this goes through I will be very shocked.
First, they wanted to squeeze it in between the One Atlantic Center parking deck and two condo towers.
Second, the grand entrance is currently facing Spring St and the back entrance is facing West Peachtree. This means that the only way you will see the grand entrance is through your rear view mirror as you drive away from the building.
Third, the building is geographically in one of the most recessed areas of Midtown. West Peachtree sinks down until you feel like your driving in a valley at that point and Spring St is further down than that.
It feels like the parcel was purchased and the towers designed before anyone even bothered to drive around and take a look at the location for themselves. Even though the tallest tower will nearly be the height of The Mansion it still has this squatty feel to it. Then they put the grand entrance facing the wrong direction so that driving toward the building along West Peachtree you will never get this illustrious feel from the structure.
Alright I’m off my soap box. I want to see trump in Atlanta but come on this building does not inspire the vision one might have of living in a Trump Tower.
IMHO :)
smArTaLlone
Jun 9, 2008, 8:53 PM
I've never really been a fan of the design but the "grand entrance" will actually be on 15th not W. Peachtree. And I think we want projects to build between other buildings, on as little land as possible, in order to build the kind of density the city needs.
virtual tour (http://www.trumptowersatlanta.com/VirtualTour.htm)
What annoys me about it is that the curve of the towers is brought all the way to the ground rather than extending the base out to the street, especially on W Peachtree.
oxblue
Jun 18, 2008, 1:27 AM
The OxBlue (http://oxblue.com/) construction webcam on the 14th Street Bridge project can be used as a Trump Tower Atlanta Webcam.
http://oxblue.com/pro/open/gatech/14th
NDPhilly
Jun 23, 2008, 6:52 PM
the curve of this tower will give it a sertain idenity of it in Atlanta and across the U.S.
cheapsubs4life
Aug 7, 2008, 1:18 PM
I drove by this site yesterday and noticed the large Billboard saying, "Trump Towers: Righ Here, Right Now" had the sign face removed... Is this the end of this project?
CapitalCity
Aug 7, 2008, 2:26 PM
Ooohh, very sleek designs!
BlueSangha
Aug 7, 2008, 3:07 PM
I drove by this site yesterday and noticed the large Billboard saying, "Trump Towers: Righ Here, Right Now" had the sign face removed... Is this the end of this project?
I hope so, I am so sick of hearing about, just build it if your going to build it. The sales woman at Lenox couldn't even give me a clue as to when this project would get off the ground. Why woud anyone consider buying into this project anyway, it's not that impresive, and neither is not knowing when your condo will be done. I feel bad for those who bought into this project already.
RobMidtowner
Aug 7, 2008, 3:44 PM
I drove by this site yesterday and noticed the large Billboard saying, "Trump Towers: Righ Here, Right Now" had the sign face removed... Is this the end of this project?
If you're talking about the portrait of Donald himself, that was covered up a while ago because of constantly being vandalized with graffiti.
joecool
Aug 8, 2008, 4:15 AM
Does anyone know anything on this project? Terminus? Anyone....
If you're talking about the portrait of Donald himself, that was covered up a while ago because of constantly being vandalized with graffiti.
:haha:
Dale
Aug 16, 2008, 4:07 AM
If the project is cancelled will the site get a comb-over ?
ls1z28chris
Nov 3, 2008, 2:06 AM
THANK YOU mayhem! Let’s see our schools have already turned socialist teaching the concept that everyone is the same and frowning upon self achievement, our congress becomes more socialist with every election and new tax law written....
It’s time we start admiring again self achievement in this country and get rid of that attitude of loathing toward those that succeed in life. Every meeting I attend in regards to local government I hear this same crap about others not liking it when their neighbor has something they don’t or how we need to put a law here limiting the ability of others to achieve…good grief Charlie Brown!
Hell, Trump should stamp it in every piece of glass if he wants to IMO!
Sorry john3eblover if I’m taking your comment out of context that’s just the way it came across upon reading.
Equating with socialism a desire not to see a gaudy "T" from 75/85 every day is asinine. I doubt anyone here cares about self promotion and success. They just don't want to see Shaq-style branding on the side of a building prominently featured in their city's skyline.
Any updates on this project? Their website's latest update is a couple of months old. I'm wondering if anyone has seen anything in the local media.
ls1z28chris
Nov 6, 2008, 4:26 AM
I went down to that area of Midtown today and took some photos. Here are the ones of and around the proposed Trump Towers site.
http://farm4.static.flickr.com/3230/3006109921_68f648e03b_b.jpg
http://farm4.static.flickr.com/3199/3006947538_b82d33908c_b.jpg
http://farm4.static.flickr.com/3290/3006113683_01413f1177_b.jpg
Lights are on.
http://farm4.static.flickr.com/3027/3006529125_3b257b69da_b.jpg
People are inside.
http://farm4.static.flickr.com/3239/3007365508_2f3d70fa29_b.jpg
The parking lot in the foreground is the location.
http://farm4.static.flickr.com/3013/3006121073_1c36422251_b.jpg
ls1z28chris
Nov 19, 2008, 1:31 AM
^^^ Great pictures!
Thanks.
I got out of the same Marta station to head over to Piedmont Park and take some more photos of Midtown. Here is what I saw when I left the Arts Center Station yesterday afternoon (17 Nov 08):
Lights off, but there is a sign on the door...
http://farm4.static.flickr.com/3062/3039917436_87737a8db0_b.jpg
I don't like the looks of this sign. When people leave for lunch, they lock the door and put a sign that reads "CLOSED." They don't write all this:
http://farm4.static.flickr.com/3144/3039921330_1dc5a45b24_b.jpg
chrslyp
Oct 15, 2009, 2:27 PM
Ivanka Trump on Q100 said "there will be trump towers in atlanta in very short order" and paraphrasing "construction will start in less than a year on trump towers atlanta".
Dylan Leblanc
Aug 16, 2010, 8:37 PM
This site forclosed back in March - http://atlanta.bizjournals.com/atlanta/blog/on_the_market/2010/03/trump_towers_site_foreclosed.html
Does that mean this project is completely dead?
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