Trump International could sue UWS condo looking to scrub prez’s name

200 Riverside has a nearly 20-year-old licensing agreement

TRD New York /
Jan.January 08, 2018 09:30 AM

200 Riverside Boulevard and Donald Trump (Credit: Getty Images)

An Upper West Side condo building looking to dump the Trump name from its exterior could face the wrath of Trump International Realty’s legal arm.

Trump International attorney Alan Garten sent a letter in March to the condo board of Trump Place at 200 Riverside Boulevard, claiming that removing the name would be a “flagrant” breach of a nearly 20-year-old licensing agreement, the New York Post reported.

“We are not aware of any circumstances under which the condominium would have the right to terminate the license agreement and will defend our rights vigorously,” Garten told the newspaper.

A board subcommittee at the 48-story, 376-unit 200 Riverside, which originally licensed the Trump name in 2000, revealed the threat of legal action in Manhattan Supreme Court, where it is trying to clear up whether the board has the right to remove the name, according to the Post.

Three other buildings on Riverside Boulevard – 140, 160 and 180 – removed the president’s name last year. The former Trump Soho and a hotel in Toronto also scrubbed the name after the election.

Garten said, though, that he has heard from condo owners at 200 Riverside, “many of whom have already reached out to us to express their grave concerns” about the “substantial liability” they could face from DJT Holdings, the company listed on the licensing agreement.

The agreement gives DJT Holdings LLC the right to back out of the deal if the building enters bankruptcy, stops being a condo or becomes “destroyed.” [NYP]Rich Bockmann


Related Articles

arrow_forward_ios
Make Greenland Great Again? Trump wants to buy Arctic territory

Make Greenland Great Again? Trump wants to buy Arctic territory

Make Greenland Great Again? Trump wants to buy Arctic territory
Hamptons’ priciest summer rental to host MAGA extravaganza next month

Hamptons’ priciest summer rental to host MAGA extravaganza next month

Hamptons’ priciest summer rental to host MAGA extravaganza next month
French buyers are gobbling up prime London real estate

French buyers are gobbling up prime London real estate

French buyers are gobbling up prime London real estate
President Donald J. Trump and Democratic presidential candidate Joe Biden participate in the final Presidential debate (Getty)

At final presidential debate, talk of Opportunity Zones and “little tiny windows”

At final presidential debate, talk of Opportunity Zones and “little tiny windows”
Opendoor CEO Kevin Wu, Daniel Morillo and Ken Griffin (Getty; Opendoor; LinkedIn)

Opendoor hires CIO from Ken Griffin’s Citadel

Opendoor hires CIO from Ken Griffin’s Citadel
Paul Manafort and Manhattan district attorney Cyrus Vance, Jr. (Getty)

Manafort mortgage-fraud case dismissed, again

Manafort mortgage-fraud case dismissed, again
(Getty)

Manhattan rents fall below $3,000 for first time since 2011

Manhattan rents fall below $3,000 for first time since 2011
Data on third quarter CRE investments suggests a nationwide improvement, but Manhattan has been slow to recover (iStock)

NY falls behind Dallas, LA in CRE investment as deals surge nationwide

NY falls behind Dallas, LA in CRE investment as deals surge nationwide
arrow_forward_ios

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

Loading...