Trump considering Charlotte again, this time for buying vs. building
Posted on 29 Jun 2009 by Justin Ruckman
“During his quick visit to the Queen City, Trump told NewsChannel 36 that the deal collapsed because he had a gut feeling the banks might fall on hard times in the next couple of years.
In which case, the tower’s price would be too high to be a good investment.
But he still likes the area and says with all the construction they’ve seen in uptown, there are some great deals for him out there to “buy” not build.
Trump says he is looking at that prospect in the next few months.”
Read more by Diana Rugg at the Observer via NewsChannel 36.
If Trump is seriously looking at buying, what could it be? Off the top of my head, I’d say the Duke Energy Complex. The foundations are already in place for a 50 floor condo tower above the Mint Museum. The Vue would make a nice purchase, to be rebranded as Trump Charlotte. The Park condo tower, sitting vacant at 80% complete, goes up for auction in about a month. And there is 210 Trade — the foundations are in place for a 50 floor condo tower above Epicenter.