Jan 25, 2007

Trump Tower Palm Beach Annunced

Donald Trump is teaming with The Related Group to build Trump Tower Palm Beach, a luxury condo on North Flagler Drive in West Palm Beach.

Trump Tower Palm Beach, known as Icon Palm Beach prior to him signing on, is Trump's first new condo project in Palm Beach County since he bought Trump Plaza 1986. Trump said he has been looking to do something in the area for some time and began talking to Jorge Perez of The Related Group last year. Between Trump International Golf Club in West Palm Beach and his Mar-a-Lago private club on the island, "I have a big stake in Palm Beach," he said.

Perez and Trump built Trump Towers in Sunny Isles Beach, a triple-tower project in northern Miami-Dade County, and Trump Hollywood, a 40-story condo that will start construction in three months.

The 23-story condo will consist of 150 units priced from $900,000 to more than $2 million and will feature water views and a rooftop putting green reportedly modeled after a hole at the Trump International Golf Club.

About 50 buyers have "preliminary reservations," while sales officially begin on Friday, when Trump and daughter Ivanka formally announce the joint venture at the project's sales center. The project is scheduled for completion in 2009.