Trump Card Played In Atlanta Condo Market

August 4, 2006 -- New York developer Donald J. Trump, Atlanta-based Wood Partners, LLC, and Manhattan/Florida-based Dezer Properties today announced their formation of a joint venture to develop two condominium high rise towers in Midtown Atlanta.

The deal is the first for Trump in Atlanta and brings together one of the nation's best known real estate magnates and two of the nation's most successful condominium development companies.

The two towers will be referred to as Trump Towers Atlanta. The project will include high-end luxury condominiums with architecture, features and amenities that reflect the Trump brand and reputation. Luxury, boutique retailers and destination restaurants will complement the residences.

Trump Towers Atlanta will be located at the intersection of 15th and West Peachtree streets in Midtown, near the Woodruff Arts Center and a number of high-profile projects, including the Atlanta Symphony Orchestra's proposed hall, 1180 Peachtree and the new mirrored skyscraper at Peachtree and 14th streets.

Construction of Trump Towers Atlanta is expected to begin early next year with the first phase to be completed by early 2009.

"I've been looking into the Atlanta market for a while, and it was important to find partners with strong reputations, histories of large successes and track records of developing the highest-quality properties," said Donald Trump, Chairman and President, The Trump Organization.

"I am extremely pleased to join Wood Partners and Dezer Properties in developing my first condominium tower in Atlanta. The project will set a new standard for luxury condominium living in Atlanta."

In its eight-year history, Wood Partners has become one of Builder magazine's top builders in the United States and was one of the fastest growing between 2004-2005. The company's most recognized high-rise projects include the Metropolis, Eclipse, Horizon and Spire in Atlanta; Solaire in Orlando; Edge in West Palm, Florida; and Glass House in Denver.

"We're excited to work with Donald Trump and Dezer Properties to create homes that appeal to those desiring luxury living and lifestyles," said Mark Randall, Managing Partner of Wood Partners. "We have some tremendous projects underway around the country, but we get a lot of satisfaction out of developing high-end projects, such as Trump Towers Atlanta, right here in our hometown."

Dezer Properties is a New York-based, full service real estate company that owns and manages commercial properties in Manhattan and Miami. In 2003, Dezer partnered with Trump to create Trump Grande Ocean Resort and Residences in Miami Beach, an $800 million, 11 acre oceanfront hi-rise development consisting of the Trump International, Trump Palace and Trump Royale.

 

If you are interested in learning more about Trump Towers Atlanta, please feel free to ask specific questions or request our detailed data sheet. We will respond within 24 hours (usually much sooner). Contact Maria Lopez at Maria@CondoHotelCenter.com or call (305) 944-3090.