The tower will also feature a 127-foot spiral. With the spiralthe tower is the equivalent of 15 floors taller than any otherbuilding in the city.Mowe tells GlobeSt.com that while a nationalmarketing campaign will begin next week with advertisements,inquiries have been strong and he's seen impressive presales eventhough the units are just now hitting multiple listing services."One surprise to us is the interest by locals," Mowe says.

About 400 units will be hotel condos, or condos that will berented by Trump management for the owner. "Our development group isalso considering keeping a large number of the condo-hotel units,which would mean fewer units on the open market for sale,'' Mowesays. They could keep as many as 150 units."At this point we don'twant to give a groundbreaking date because we thought it would havebeen before now,'' Mowe says. "The Trump Organization is working onthe final budgets for the condo documents that must be finishedbefore we can convert the contracts,'' Mowe points out.

There will be about 250 condominiums ranging in price from$395,000 to $3 million and more for penthouses, says Irene Rand ofregional firm Prudential Gardner Realtors Inc., contracted tohandle Trump International sales. Prudential will be holding a9,000 member annual meeting of brokers and agents, both commercialand residential, in New Orleans and Rand says that should ratchetup national awareness, particularly regarding misperceptions of therecovery of the core tourism and business sectors of the city.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.