All representatives of the parties involved deny the venture isgoing forward even though the players have talked about the projectfor at least two years, knowledgeable Midtown sources tellGlobeSt.com. "We are planning a project in Atlanta, but I cannotsay when [it will be built] and where at this time. I can say theannouncement is imminent," Ivanka Trump tells GlobeSt.com. "I amnot comfortable disclosing details of the project at thistime."

However, a little-publicized land acquisition by Wood Partnersin March is fueling new speculation on the Trump-Wood enterprise,sources tell GlobeSt.com. At that time, Wood bought a 2.48-acreparking lot from Aeroswed Corp. and the 3216 Piedmont LLC at 1252W. Peachtree St. for $21.25 million. The speculated Trump-Woodproject would be built on that site which is across from the ArtsCenter Marta station, between Spring and West Peachtree streets inMidtown. The 15th Street development site is behind the WoodruffArts Center and High Museum of Art and just across Interstate 85/75from Atlantic Station.

The parking lot price equates to $8.57 million per acre or$196.70 per sf, the highest per-acre price recorded in metroAtlanta, according to GlobeSt.com research. The previous high wasthe $5.89 million per acre Atlanta developer John A. Williams paidlocal developer David Songy and his Songy Partners in August 2004,as Globest.com previously reported.