Trump Tower (Tampa)

Trump Tower Tampa was the name of an unfinished condominium project located in downtown Tampa, Florida, which was planned to be the tallest building in the city. Developed in a partnership between Donald Trump and SIMDAG, a Tampa-based development company, construction of the towers was never started due to the economic collapse of the real estate market.[1] Located at the northwest corner of West Brorein St. and South Ashley Avenue, the building would have been visible from the end of Bayshore Boulevard and Tampa General Hospital on the Hillsborough River waterline.

Trump Tower Tampa
Trump Tower Tampa logo construction screen
General information
StatusNever built
TypeShopping, condo-hotels, luxury condominiums
Location11 South Ashley Drive
Tampa, Florida
Coordinates27.944127°N 82.458334°W / 27.944127; -82.458334
Construction started2006
CostEst. $225 million
Height
Roof600 feet (183 m)
Technical details
Floor count52
Lifts/elevators8
Design and construction
Structural engineerSimDag LLC

History

Ground was broken on March 2, 2006,[2] and in July 2007 the foundation footings were drilled. In September groundwork was halted when instabilities in the bedrock were found. Pilot borings showed that the limestone in one area dipped far below that of the surrounding areas.[3] Brownstone Partners Tampa, an investment group led by Robert Owens of OR&L Facility Services, acquired the property on June 20, 2011. St. Petersburg, Florida based Feldman Equities filed plans with the city in late July 2015, for a very similar 52-floor tower on the same property.[4]

As of March 9, 2007, the fence surrounding the construction site was taken down and some of the construction equipment was gone; although two cranes remained. On March 9, 2007 the developers acknowledged in a press release that, "Cost overruns won't be the only obstacles Related [Related Group, the development company] faces. Soil issues at the site, unpaid contractors and a general perception from the community that the 52-story luxury condominium tower will never be built also stand in the way of making the tower a success."[5]

On May 30, 2007, Donald Trump demanded his name be removed from the project, and sued the developers for over $1 million in unpaid license fees for the use of the Trump name. On the same day, the phone at the developer's office was listed as disconnected.[6] Buyers who put down 20 percent deposits of units priced from $700,000 to $6 million only got half their money refunded and lawsuits were filed against Trump.[7]

After acquiring the property in a June 2011 deal, Robert Owens told the Wall Street Journal that he planned to build a mixed-use complex with retail, offices and a hotel or condominiums there. This plan did not come to fruition.

In 2015, a joint venture of developer Larry Feldman's Feldman Equities and investment firm Tower Realty Partners paid $12.1 million for the 1.5-acre site, with plans to build a new 52-story building containing condos, office space, shops, and restaurants. The new planned building, named Riverwalk Place, is slated to open in 2020.[8]

See also

References
  1. Martin, Susan Taylor (December 15, 2015). "Buyers still feel burned by Donald Trump after Tampa condo tower failure". Retrieved December 15, 2015.
  2. "Trump Tower Tampa Underway". Trump Tower Tampa. March 2, 2006. Archived from the original on October 6, 2007. Retrieved September 7, 2018.
  3. "Trump Tower Tampa, Tampa". Emporis.com. Retrieved September 7, 2018.
  4. Stockfisch, Jerome R. (July 21, 2015). "Tampa's tallest skyscraper planned for former Trump Tower site". Tampa Bay Online. Archived from the original on July 22, 2015. Retrieved September 7, 2018.
  5. Hinman, Michael (March 9, 2007). "Trump Tower managing partner sees no need for redesign". Tampa Bay Business Journal. Trump Tower Tampa. Archived from the original on October 6, 2007. Retrieved September 7, 2018.
  6. "No Trump Tower for Tampa". WTVT. Retrieved September 7, 2018.
  7. "Trump Tower Tampa buyers to argue Donald Trump misrepresented his role". Tampa Bay Times. 2009. Retrieved March 7, 2016.
  8. Moore, Thad (November 30, 2015). "Site of Trump Tower Tampa sold to new developers for $12.1 million". Tampa Bay Times. Retrieved September 7, 2018.
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