Saturday, October 18, 2008

Real Estate Licensing

Many developers pay Donald Trump to market their properties and be the public face for their projects. For that reason, Trump does not own many of the buildings that display his name. According to Forbes, this portion of Trump's empire, actually run by his children, is by far his most valuable with a valuation of $562 million. According to Forbes, there are 33 licensing projects under development including seven "condo hotels" (i.e. The seven Trump International Hotel and Tower developments). Some examples are:

  • Manhattan:
    • Trump Palace: 200 East 69th Street, New York, NY
    • Trump Parc and Trump Parc East: Two adjoining buildings on Central Park South on the southwest corner of The Avenue of the Americas. Trump Parc East is a 14-story apartment building and Trump Parc (the former Barbizon Plaza Hotel) is a 38-story condominium building.
    • Trump Plaza: 167 East 61st Street, New York, NY ( 39-story, Y-shaped plan condominium building on the Upper East Side)
    • 610 Park Avenue (The old Mayfair Hotel): Trump is helping with the construction and development of this property for Colony Capital.
    • Trump Soho Hotel Condeminium: A partnership with Bayrock Group to build a 42 story building in Soho.
  • New York City Suburbs:
    • Trump Plaza: Jersey City, NJ. The project includes New Jersey's two tallest residential towers and costs about $450 million. The 55-story tower will have 445 condos, and the 50-story tower will have 417. [20]
    • Trump Plaza (New Rochelle) is a 39-story luxury residence and hotel with retail space that is currently under construction in Westchester County, NY with developer Louis R. Cappelli.
    • Trump Tower at City Center is a 35-story condominium apartment building built in Westchester County, New York with developer Louis R. Cappelli.
    • Trump Parc Stamford is a development in Stamford, Connecticut with F. D. Rich Company and Louis R. Cappelli.
  • Florida:
    • Trump International Hotel and Tower, Fort Lauderdale (Anticipated completion is 2007)
    • Trump Towers (Sunny Isles Beach, Florida): will have over 270 residential condominiums
    • Trump Grande Ocean Resort and Residences: A hotel condominium (Trump International Sonesta Beach) and two residential condominium towers (Trump Palace and Trump Royale) located in Sunny Isles Beach, Florida with fellow Forbes 400 member Jorge Perez.
    • Trump Hollywood: A 40-story building on Hollywood Beach, Florida with fellow Forbes 400 member Jorge Perez.
    • Trump Tower (Palm Beach) will be a 23-story residential condominium development.
  • Domestic:
    • Trump Towers (Atlanta): Tower I will be 48 stories and include 370 units while Tower II is still under design.
    • Trump Tower (Philadelphia): This 45-story building will offer 263 luxurious condominiums on the Delaware River.
    • Trump International Hotel and Tower, Honolulu (Anticipated completion is 2009)
    • Trump International Hotel and Tower, New Orleans (Project slated to begin construction during the first quarter of 2007)
  • International:
    • Trump World: Seoul, Korea for which Trump received a licensing fee of $5 million to lend his name.
    • Trump International Hotel and Tower, Toronto (Anticipated completion is 2010)
    • The Palm Trump International Hotel and Tower, Dubai, United Arab Emirates
    • Trump Ocean Club International Hotel and Tower, Panama City (Anticipated completion is 2009)
    • Trump Ocean Club Baja Mexico is a planned 3 tower, 25 story, 526 unit hotel condominium 30 minutes south of downtown San Diego.
    • Trump at Cap Cana will be located in Punta Cana, Dominican Republic.

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