The Real Deal Miami

Former Trump Tower Fort Lauderdale condo project hits the market

March 06, 2013 12:00PM

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A rendering of 551 North Fort Lauderdale Beach Blvd.

A 298-unit Fort Lauderdale condominium development intended to bear the Trump name is being offered in a bulk sale, the Sun Sentinel reported.

The troubled building at 551 North Fort Lauderdale Beach Boulevard has no formal asking price, the Sentinel said. Lawsuits and a foreclosure have plagued the 24-story beachfront tower, once slated to be named Trump International Hotel and Tower, prior to a dispute with the Donald.

The property still has around $4 million in lien claims from buyers who put down deposits but whose units were never delivered, the Sentinel said.

The building is also slated for foreclosure auction on March 14.

Broker Gregory Rumpel is representing the owner, ST Residential, in the planned sale, the paper said. [Sun Sentinel] — Guelda Voien

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