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Trump Says Big Retail Names Seek Chicago Site

CHICAGO-Sales of the condominiums have stalled in the $850 million Trump International Hotel and Tower, but retail should be named by 2008.

By Gina Kenny | Updated on May 25, 2007

(Read more on the multifamily market.)

CHICAGO-Donald Trump toured the construction of the Trump International Hotel and Tower Thursday and admitted that sales have slowed in the past couple of years. There have already been condominium sales of more than $600 million, Trump said at a press conference on Thursday afternoon.

“The housing market in Chicago is not a very strong market,” Trump said at a press conference Thursday afternoon. While the housing market is strong in New York and Los Angeles, “In Chicago, certainly the market has not been great and that is why we are keeping our pricing at this level.”

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