Trump Tower Tampa Underway

Rendering of Trump Tower Tampa, the 52-story, $260 million, ultra-luxury condominium to be located in downtown Tampa. (Graphic: Business Wire)

TAMPA, Fla.--()--March 4, 2006--The groundbreaking ceremony to officially launch the construction of Trump Tower Tampa was held Thursday at the development site of the 52-story, $260 million, ultra-luxury condominium in downtown Tampa. Developed in a partnership of Donald J. Trump and SimDag, a Tampa-based development company, Trump Tower Tampa will be the tallest residential building on the Gulf coast.

Attendees of the private event included City of Tampa officials, approximately 200 invited condominium buyers and guests, and development team members.

"This is an exciting development for Tampa, in many ways," said Mark Huey, the City's Economic Development Administrator, on behalf of Mayor Pam Iorio. "When this project was announced last year, the focus and attention on the vibrancy and viability of downtown Tampa as a wonderful place to live, work and play was taken to a new level. We're delighted with how Trump Tower Tampa incorporates and celebrates the Tampa Riverwalk and how this level of investment and commitment to quality reflects on our city."

"The entire development team is mindful of the significance and impact this project will have on the City of Tampa and the downtown area," stated Jill Cremer, vice president of development and marketing for The Trump Organization. "To that end, we took all the time and steps necessary to make sure that every aspect of this development would be executed to the highest standards which Mr. Trump and his partners at SimDag share."

The $260-million development is located on a 1.5-acre site at 111 South Ashley Drive along the Hillsborough River in the heart of Tampa's financial and cultural districts. The building will feature 192 condominium and penthouse residences ranging from 1,991 square feet to 6,150 square feet and priced from $700,000 to over $6.0 million.

According to Frank Dagostino, CEO of SimDag, "As Donald Trump stated when we announced the project, 'We are developing a signature landmark property so spectacular that it will redefine both Tampa's skyline and the market's expectations of luxurious condominium living.' The market certainly responded. Even with a price increase necessitated by rapidly accelerating construction costs, all but a few units have been sold except for those we're holding off the market to sell in the future, likely when we near the end of construction."

Trump Tower Tampa will be built by Turner Construction, one of the nation's leading general contractors and the most experienced builder of high-rise developments in Florida.

"We are delighted to be working with Turner," stated Robert E. Lyons, president of SimDag. The quality of their work is a perfect fit for our demands and the expectations of our clients, people with the wherewithal to live anywhere they like. What they will build along with an outstanding group of subcontractors, 92 percent of which are from the Tampa Bay area, is unlike anything planned or currently available in the Tampa Bay market."

Trump Tower Tampa is designed by the prominent Tampa-based firm of Smith Barnes Santiesteban Architecture, Inc.

Owners will have such privileges as concierge and valet services, a conference room/business center, a party room with a catering kitchen, a fitness center and spa, a restaurant, retail shops, serviced suites for overnight guests, private elevator lobbies, billiards and game rooms and state-of-the-art security services. The residential lobby and other spaces will feature exotic wood finishes, imported marble floors with inlaid onyx highlights and a fine art collection.

About Trump:

Donald J. Trump established The Trump Organization in 1974 as the umbrella organization for all of his real estate developments and other corporate affiliates. No other real estate company has established the international brand identity that Trump has created. In addition to being the largest developer in New York, Mr. Trump is currently developing residential, hotel and golf club projects in Tampa, Chicago, Las Vegas, Miami, Los Angeles, Westchester, NY, Bedminster, NJ, Dubai, UAE, the Caribbean, and Seoul, South Korea.

About SimDag:

SimDag is a privately held real estate firm focused on the development of luxury, waterfront properties. Projects recently completed and currently underway are located in: Tampa, Clearwater, Clearwater Beach, Redington Beach, Redington Shores, Indian Shores, Indian Rocks Beach, Treasure Island and St. Pete Beach, Florida; Atlantic City, Ocean City and Sea Isle City, New Jersey; Ocean City, Maryland, and in the Cayman Islands.

About Turner:

With construction volume of $7 billion in 2004, Turner ranks first or second in major segments of the construction industry. Turner maintains a nationwide network of offices and a staff of more than 5,000 employees, performing work on over 1,500 projects each year. Turner has a strong presence in the Tampa Bay area and has performed on a variety of local area projects including: the USF Maple II housing project, Hillsborough County Schools, Sarasota Herald Tribune Building, H. Lee Moffitt Cancer Center & Research Institute, The Florida Aquarium, Hernando County Jail, Antigua Bay Yacht Club, Florida Alzheimer's Research Institute and the recently completed Clearwater Library for the City of Clearwater. Turner has been performing work in Florida since 1908.

Further information regarding Trump Tower Tampa is available online at www.trumptowertampa.com or at www.simdag.com.

Contacts

Trump Tower Tampa
David Hooks
mobile: 813-417-8520
dhooks@tampabay.rr.com
or
The Trump Organization
Jill Cremer, 212-832-2000

Contacts

Trump Tower Tampa
David Hooks
mobile: 813-417-8520
dhooks@tampabay.rr.com
or
The Trump Organization
Jill Cremer, 212-832-2000