Russian developer who pitched Trump’s Moscow tower has South Florida ties

Felix Sater was the driving force behind what is now the Conrad Fort Lauderdale Beach

Miami /
Aug.August 30, 2017 03:52 PM

The Moscow-born developer who pitched the development of a Trump Tower in Moscow and promised to get Donald Trump elected has ties to South Florida, according to a new report.

Earlier this week, the New York Times reported that real estate broker and developer Felix Sater emailed Trump’s attorney, Michael Cohen, to sell him on the proposed tower, writing in emails to Cohen that, “Our boy can become president of the USA and we can engineer it.”

Sater was also the driving force behind what is now the Conrad Fort Lauderdale Beach, a condo-hotel that will finally open in September, a decade after it was originally planned to open, according to the Miami Herald.

The project launched in 2004 as the Trump International Hotel & Tower. At the time, Sater was an executive at Bayrock Group, which the newspaper reported was “part of the team entrusted to bring the tower to life.” The developer had obtained a licensing agreement with the Trump Organization, but litigation resulted in the developer running out of money after spending $140 million on construction.

Sater’s criminal past was kept secret from investors because of his role as an FBI informant. Trump eventually distanced himself from Sater, who at one point used a Trump Organization business card.

Trump abandoned the Fort Lauderdale Beach deal in 2009. After years of delays and multiple lawsuits, another developer sold the project to Canadian developer Heafey Group for $100 million.

And now, Sater is part of the growing investigation into whether Trump’s team worked with the Russian government to win the 2016 election. [Miami Herald] – Katherine Kallergis


Related Articles

arrow_forward_ios
Tavistock's Joe Lewis with  Pier Sixty-Six (Super Yacht Fan)
Tavistock’s long-planned Pier Sixty-Six condos hitting the market soon
Tavistock’s long-planned Pier Sixty-Six condos hitting the market soon
RK Centers’ Raanan Katz and Aimco's Wes Powell with the SW corner of Northeast Fifth Avenue and Northeast Ninth Street (LinkedIn, Google Maps)
Aimco completes $100M Flagler Village dev assemblage with latest $16M deal
Aimco completes $100M Flagler Village dev assemblage with latest $16M deal
Keiser University CEO Arthur Keiser in front of 1900 West Commercial Boulevard and 1500 Northwest 49th Street in Fort Lauderdale (Keiser University, Keenan Development Group, Getty Images)
Keiser University sells pair of Fort Lauderdale office properties for $58M
Keiser University sells pair of Fort Lauderdale office properties for $58M
Mark Post, CEO of Newport Beach, Calif.-based Javier’s Cantina with 1601 East Lake Drive in Ft. Lauderdale (Instagram via mark.javierscantina, Joy Triglia)
California restaurateur buys waterfront Fort Lauderdale mansion for $13M
California restaurateur buys waterfront Fort Lauderdale mansion for $13M
845 Northeast Fifth Terrace and two other unaddressed lots in Fort Lauderdale with Aimco's CEO Wes Powell (Google Maps, LinkedIn, Illustration by Priyanka Modi for The Real Deal with Getty)
Aimco adds to Flagler Village dev site set for 3M sf mixed-use project
Aimco adds to Flagler Village dev site set for 3M sf mixed-use project
Midtown's Alejandro Velez and Prospect Real Estate's Michele Zahn, and Richard Zahn Sr. with rendering of Advantis Station (Midtown Capital Partners, Prospect Real Estate Group, Baker Barrios)
Developers score $65M construction loan for Flagler Village apartments
Developers score $65M construction loan for Flagler Village apartments
7070 Northeast Third Avenue, Fort Lauderdale; Asana Partners' Terry Brown, Sam Judd and Jason Tompkins (Felipe Calderon, Asana Partners)
Asana buys office, industrial properties in Fort Lauderdale’s Flagler Village
Asana buys office, industrial properties in Fort Lauderdale’s Flagler Village
1600 Northeast 12th Terrace
Triangle Services pays $17.5M for Fort Lauderdale industrial building
Triangle Services pays $17.5M for Fort Lauderdale industrial building
arrow_forward_ios

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

Loading...