Trump Halts Condo Hotel in Ft. Lauderdale
By Anthony Longo 9 10 2007
“Condo-hotel projects once were so hot in South Florida that Donald Trump planned two in Fort Lauderdale. Now he’s back down to one amid cooling enthusiasm for the novel real estate product behind much of South Florida’s recent hotel boom.
The celebrity developer expressed confidence in the Trump International Hotel and Tower under construction on the northern end of Fort Lauderdale Beach. But his partners are worried enough about condominium sales, he said, that they’ve suspended plans for the Trump Las Olas Resort to the south.
”They want to wait until the market comes back. And I agree with them,” Trump said. “At this moment, to build in this market would be foolish.””
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