Trump Soho marketed to UAE buyers

New York /
Jun.June 30, 2008 10:07 AM

 
The Trumps are marketing the Trump Soho hotel-condo to buyers from the United Arab Emirates.

Donald Trump’s kids — Donald Jr., 30, Ivanka, 26, and Eric, 24 — are marketing the hotel-condo to rich businessmen and foreigners who divide their time between Manhattan and other several other homes.

The 454-foot tower rising at 246 Spring Street tower will have 141 suites, 253 studio suites, five penthouse suites and one presidential suite. Studios starts at $1.2 million. The units range from 422 to 905 square feet.

Zoned as a hotel, owners of the condo-units can stay in their suites for 120 days of the year. For the remaining 245 days, the units are rented out to profit the investors.

Opponents of the tower say it violates zoning regulations. The SoHo Alliance has led a campaign against the tower, with support from the Greenwich Village Society for Historic Preservation and local community boards.

Trump Soho was recently named one of New York City’s ugliest buildings by Mitchell Joachim, an architecture professor at Columbia University and partner at Terreform.

The Bayrock Group is Trump Soho’s financial partner, and Prodigy International is handling marketing. TRD


Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Florida Showcase speaker spotlight: Michael Shvo
Florida Showcase speaker spotlight: Michael Shvo
Florida Showcase speaker spotlight: Michael Shvo
Miki Naftali with 215 West 84th Street (Getty, Corcoran)
Naftali takes hit in battle with UWS holdout
Naftali takes hit in battle with UWS holdout
Louise Blouin with 366 and 376 Gin Lane (Realtor, Getty)
Art publisher wants $150M for Southampton estate
Art publisher wants $150M for Southampton estate
Jean-Georges Vongerichten and 99 Prince Street in Manhattan NYC (Getty Images, Google Maps)
Jean-Georges’ Mercer Kitchen closing after 25 years
Jean-Georges’ Mercer Kitchen closing after 25 years
Frank Pellegrino Jr. with Loews Miami Beach and Loews Hotel owner Jonathan Tisch (Rao's, Google Maps, Getty)
Iconic NYC eatery Rao’s to open at Loews Miami Beach
Iconic NYC eatery Rao’s to open at Loews Miami Beach
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...