The Real Deal Miami

Trump brand dominating unsold condo inventory in Sunny Isles Beach

November 10, 2010 01:30PM

Donald Trump

Almost of half of Sunny Isles Beach’s condominium glut is accounted for by the Donald Trump name brand, according to a new study by Condo Vultures. The real estate brokerage and consultancy found that nearly 500 completed units carrying the Trump name were still sitting unsold in Sunny Isles Beach as of Sept. 30, at which point there were a total of approximately 1,000 new unsold units in the city’s inventory. Most of those units were in the completely-unsold, 271-unit Trump Tower III. Still, Trump has built 1,800 condominium units in the city since 2003, producing almost $960 million in sales, and according to Condo Vultures principal Peter Zalewski, “the fact that such a large percentage of the Trump-named units are unsold has more to do with the number of condos constructed rather than the product type.” TRD