All articles tagged with #altus property group
Altus Property Group has scrapped the 91-story Trump International Hotel & Tower on the Gold Coast after public backlash and a petition with over 140,000 signatures; CEO David Young says the Trump brand’s image in Australia became toxic, and the project will proceed without the Trump name, while the Trump Organization blames the developer for failing to meet basic financial obligations.
Altus Property Group canceled its $1.1 billion Trump Tower project on the Gold Coast, blaming the Iran war for making the Trump brand toxic in Australia; the Trump Organization disputed the claim, saying negotiations collapsed, and Altus plans to proceed without the Trump name amid local concerns and petitions.
Altus Property Group says it has scrapped its $1.1 billion, 91-storey Trump hotel and apartment tower on Australia's Gold Coast, citing the Trump brand as toxic to Australians; the project, dependent on licensing obligations, was abandoned after those obligations were not fulfilled, with the developer planning to pursue the development under a different luxury brand.
Plans for a 91-story Trump Tower in Surfers Paradise, Australia, were scrapped after Altus Property Group pulled out, blaming the Trump brand’s toxicity amid Middle East conflicts; locals had petitions against the project, and the deal was said to fail due to obligations on the developer’s end, with the Trump Organization noting the deal was not due to their side.