Donald Trump talks South Florida

Miami /
Jan.January 24, 2011 05:18 PM

He’s built a real estate empire, become a television personality and has
hinted (though he did so in 1999, too) that he may even run for
president in 2012. But in South Florida, Donald Trump is also a local.
He owns Palm Beach’s famous Mar-a-Lago club, where he spends plenty of
time each winter, and he’s the namesake of several of the area’s biggest
condo towers (and one that no longer has his name). He also recently
presided over a mortgage burning ceremony to celebrate paying off the
$210 million construction loan on Trump Royale in Sunny Isles Beach,
which was itself a reenactment of a similar mortgage burning in 1986
when he helped save a Georgia farmer’s home from foreclosure. The
Donald answered
The Real Deal’s
questions about his career in the region in typically grandiose fashion, including whether he’ll ever
make a play for a professional sports team like fellow mogul Stephen
Ross of Related.

What projects are you working on in South Florida right now?

The Mar-a-Lago Club is always a work of art in progress, to keep it in pristine condition as well as to update the amenities. The Trump International Golf Club is also always being refined, so those are two projects that keep me busy year round, as well as Trump Hollywood, Trump Towers, Trump Royale and others.

What upsides do you see to South Florida real estate?

The location is terrific. That’s a big plus right there.

How does South Florida’s market compare to New York’s at this point?

Both markets are stable and both are prime locations. Desirable areas retain their cachet which is true of both Florida and New York.

Whom do you consider your competition in South Florida?

I can’t think of anyone who would be my competition.

What do you consider your biggest South Florida success?

Mar-a-Lago has been an incredible property. The Mar-a-Lago Club is the most beautiful in the world, and the location and history add to its allure.

Talk about the mortgage burning at The Trump Royale and that project’s success.

That’s been a wonderful success for everyone. The mortgage burning was celebratory and I think we’re all proud of a very beautiful building.

How much time do you spend at Mar-a-Lago?

I spend Thanksgiving through Easter at Mar-a-Lago on the weekends, and for the week between Christmas and New Year’s. Sometimes I’ll go down for special events as well, but that’s the typical season.

Where’s your favorite place to hang out in Palm Beach?

Mar-a-Lago and Trump International Golf Club.

University of Miami President Donna Shalala didn’t take your advice on whom to hire for its football coach (Trump suggested former Texas Tech coach Mike Leach). So what’s your prediction on the ‘Canes record for next year under Al Golden?

I’ll be surprised if they do well — she missed a great opportunity to turn that team around — and fast.

Stephen Ross owns the Dolphins. Ever think of buying a South Florida sports franchise? Maybe the Marlins?

I have so many projects going on that it doesn’t seem feasible, at least in the near future. Steve will be a great owner of the Dolphins.


Related Articles

arrow_forward_ios
Donald Trump and the Trump National Doral golf course (Getty, Trump Hotels)

In the rough: Trump’s golf clubs and resorts have lost $315M

In the rough: Trump’s golf clubs and resorts have lost $315M
Donald Trump (Credit: Win McNamee/Getty Images)

Newly uncovered trademarks show Trump’s Cuba real estate aspirations

Newly uncovered trademarks show Trump’s Cuba real estate aspirations
212 Spyglass Lane & Carlos Gavidia (Realtor, Instagram/Carlos_E_Gavidia)

“Trumptilla” organizer sells waterfront Jupiter home for $6M

“Trumptilla” organizer sells waterfront Jupiter home for $6M
President Trump and Mar-a-Lago Club (Credit: Joe Raedle/Getty Images, and Pete Marovich/Getty Images)

Trump faces $1.5M in Palm Beach County property taxes

Trump faces $1.5M in Palm Beach County property taxes
Doug and Karin Waggoner with the property at 137 Woodbridge Road (Credit: Google Maps and Southern Methodist University)

Former BlackRock exec pays $9M for Palm Beach house with Mar-a-Lago membership included

Former BlackRock exec pays $9M for Palm Beach house with Mar-a-Lago membership included
Donald Trump with Trump International Golf Club (Credit: Isaac Brekken/Getty Images and Palm Beach Post)

Trump golf club in West Palm seeks rent relief, citing shutdowns

Trump golf club in West Palm seeks rent relief, citing shutdowns
Rendering of the drive-in theater and Stephen Ross (Credit: Azeez Bakare Studios)

Stephen Ross-owned Miami Dolphins plan drive-in theater at Hard Rock Stadium

Stephen Ross-owned Miami Dolphins plan drive-in theater at Hard Rock Stadium
Donald Trump and Mar-a-Lago Club (Credit: MANDEL NGAN/AFP via Getty Images, and iStock)

Trump’s Mar-a-Lago furloughs 153 employees

Trump’s Mar-a-Lago furloughs 153 employees
arrow_forward_ios

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

Loading...