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SUNNY ISLES BEACH, FL-The $600 million Trump Grande Ocean Resort and Residences going up on Collins Avenue was given the right to bare New York real estate mogul Donald Trump’s name for a $4 million fee, but according to his press office, he is now ready to buy into the Dezer Development endeavor. Currently under construction, the project consists of a 32-story combination hotel and condominium and two additional 55-story condominium towers. Just how much Trump will invest to become a partner is not being released.

“I am entering into a co-development agreement with the Dezer’s because I believe this is an amazing tract of beachfront property with phenomenal potential,” Trump said shortly after committing his name to the project in December 2001.

Trump’s interest in buying into the project–which marked one of his first US licensing agreement–reportedly stems from the success of pre-sales of the condominiums. The 372-room hotel/condo, which will be called Trump International is scheduled for completion in September and will feature, among other amenities, a fitness center, convention facilities, and a restaurant. The structures will sit on an 11-acre parcel that stretches 1,000 feet along the ocean.

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