Daily London
The property is located on 3 Trickett Street, and has been a vacant block of land since 2013.
The prime piece of real estate is on the Esplanade, the main drag running alongside the beach.
The site has been in development hell since the Iluka Resort was demolished.
They have been prolific in expanding their portfolio globally.
They have upcoming projects in Saudi Arabia, Oman, Dubai, India, Vietnam, Romania, Qatar and Indonesia.
It currently has multiple properties in the US as well as Dubai, Indonesia, India, Oman, the Philippines, Qatar, Romania, Saudi Arabia, South Korea, Turkey, Uruguay and Vietnam.
But most of their projects are not owned by the organisation but are simply branding deals – that is, developers pay the Trumps to put their name on the building.
The details of the prospective deal have not been made public.
No development application has been made to Gold Coast Council.
In 2016, a proposal was made to build the third-tallest building in Australia on the site.
The building would have had 479 luxury apartments, a rooftop pool and a series of restaurants.
Now all that remains is the basement construction work.
The property was sold for a loss in 2019.
“If I do something in Australia, I’d want to have a partner in Australia,” he told the Australian Financial Review.
But his wealth has exploded since then, especially in his past year as president.
