Trump Tower (Tampa)

Trump Tower Tampa

Trump Tower Tampa logo construction screen
General information
Status Never built
Type Shopping, condo-hotels, luxury condominiums
Location 11 South Ashley Drive
Tampa, Florida
Coordinates 27°56′41″N 82°27′30″W / 27.944806°N 82.458358°W / 27.944806; -82.458358Coordinates: 27°56′41″N 82°27′30″W / 27.944806°N 82.458358°W / 27.944806; -82.458358
Construction started 2006
Cost Est. $225 million
Height
Roof 600 feet (183 m)
Technical details
Floor count 52
Lifts/elevators 8
Design and construction
Structural engineer SimDag LLC

Trump Tower Tampa was the name of an unfinished condominium project located in downtown Tampa, Florida. The construction of the towers was never started due to the economic collapse of the real estate market. The building would have been visible from the end of Bayshore Boulevard and Tampa General Hospital on the Hillsborough River waterline. Ground was broken on March 2, 2006,[1] and in July 2007 the foundation footings were drilled. Brownstone Partners Tampa, an investment group led by Robert Owens of OR&L Facility Services, acquired the property on June 20, 2011. Saint Petersburg based Feldman Equities filed plans with the city in late July, 2015, for a very similar 52-floor tower on the same property.[2]

Overview

As of March 9, 2007, the fence surrounding the construction site was taken down and some of the construction equipment was gone; although two cranes remained. On March 9, 2007 the developers acknowledged in a press release that, "Cost overruns won't be the only obstacles Related [Related Group, the development company] faces. Soil issues at the site, unpaid contractors and a general perception from the community that the 52-story luxury condominium tower will never be built also stand in the way of making the tower a success."[3]

On May 30, 2007, Donald Trump demanded his name be removed from the project, and sued the developers for over $1 million in unpaid license fees for the use of the Trump name. On the same day, the phone at the developer's office was listed as disconnected.[4] Buyers who put down 20 percent deposits of units priced from $700,000 to $6 million only got half their money refunded and lawsuits were filed against Trump.[5]

After acquiring the property in a June 2011 deal, Robert Owens told the Wall Street Journal that he planned to build a mixed-use complex with retail, offices and a hotel or condominiums there. This plan did not come to fruition.

In 2015, a joint venture of developer Larry Feldman's Feldman Equities and investment firm Tower Realty Partners paid $12.1 million for the 1.5-acre site, with plans to build a new 52-story building containing condos, office space, shops, and restaurants. The new planned building, named Riverwalk Tower, is slated to open in 2018.[6]

See also

References

  1. ↑ Press Release: Trump Tower Tampa Underway - 3/2/2006 - Retrieved July 16, 2007
  2. ↑ http://tbo.com/news/education/tampas-tallest-skyscraper-to-rise-from-former-trump-tower-site-20150721/
  3. ↑ Press Release: Trump Tower managing partner sees no need for redesign - 3/9/2007 - Retrieved July 16, 2007
  4. ↑ No Trump Tower for Tampa WTVT Tampa Bay 2007-05-30
  5. ↑ "Trump Tower Tampa buyers to argue Donald Trump misrepresented his role". Tampa Bay Times. 2009. Retrieved 2016-03-07.
  6. ↑ Tampa Bay Times - Site of Trump Tower Tampa sold to new developers for $12.1 million
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