Posted Feb 20, 2006, 2:46 AM
|
Registered User
|
|
Join Date: Oct 2003
Posts: 701
|
|
My feeling is that Trump doesn't have the callibre he might have in the U.S here in Canada. Also you have to keep in mind that the upscale luxury market is not large by any means, and now Trump is going head to head with Ritz. Also Trump made the decision to raise prices which I think was a bad idea.
The tower will sell ultimately and begin consturction this year, but the developers are the ones to blame for the slow pace. Ritz Carlton doesn't seem to be having any problems finding buyers.
Final note: Sapphire will still be close to 700 ft. so it will still be fairly tall.
|