My guess is that this project would never have been developed without the branding offered by the Trump name. Be careful for what you wish.
The article only discusses the hotel operation. What about the condo rental pool? I assume condo unit owners were counting on the Trump name to bring in transient business to justify the prices paid for the units. How does this business get replaced? Another Marriott Vacation Club, Philip's Club?
This project seems like a case study in bad development strategy. After what has happened with this project in the past, I wonder what these unit owners are now thinking. Maybe further litigation?
Ignored comment.
Unhide
Response by pier45
about 8 years ago
Posts: 379
Member since: May 2009
This building was a comedy from the start. I was glad to see this built, if only to annoy the neighborhood "complainers". Now it's amusing to read the sales history on units. Moreover, Mueller may need to assign staff just to unravel its ownership.
Ignored comment.
Unhide
Response by 30yrs_RE_20_in_REO
about 8 years ago
Posts: 9878
Member since: Mar 2009
246 Spring Street #1111
Asking $599,888
Previous sale recorded 7/29/2010 $1,025,459
My guess is that this project would never have been developed without the branding offered by the Trump name. Be careful for what you wish.
The article only discusses the hotel operation. What about the condo rental pool? I assume condo unit owners were counting on the Trump name to bring in transient business to justify the prices paid for the units. How does this business get replaced? Another Marriott Vacation Club, Philip's Club?
This project seems like a case study in bad development strategy. After what has happened with this project in the past, I wonder what these unit owners are now thinking. Maybe further litigation?
This building was a comedy from the start. I was glad to see this built, if only to annoy the neighborhood "complainers". Now it's amusing to read the sales history on units. Moreover, Mueller may need to assign staff just to unravel its ownership.
246 Spring Street #1111
Asking $599,888
Previous sale recorded 7/29/2010 $1,025,459