The Real Deal Miami

Trump International in foreclosure

March 16, 2010 09:26AM

The 298-unit Trump International in Fort Lauderdale, a beachfront condominium hotel project to which Donald Trump licensed his name, is now in foreclosure. The mortgage is another belonging to Corus Bank, this time in the amount of $139 million. Construction on the Trump hotel began five years ago, and was slated to open in 2009, but it has not opened. In October, Starwood purchased a 40 percent stake in the now-failed Corus Bank, forming Corus Construction Ventures. [SFBJ]