Trump Family Plans Trump Tower Project in Surfers Paradise

The Trump family has entered advanced negotiations for a significant real estate project in Australia. The proposed venture aims to establish the first Trump Tower on the Gold Coast. Surfers Paradise has been identified as the prime location, catering to the development of this high-profile luxury building.

Details of the Trump Tower Project in Surfers Paradise

Sources familiar with the discussions, who requested anonymity, confirmed that the Trump family is working with local developers. They emphasized that negotiations are currently in progress but have not yet reached a final agreement. The property’s owner has expressed concern over potential publicity that could complicate the deal.

Proposed Location and Specifications

• Address: 3 Trickett Street, Surfers Paradise
• Site Area: 3,494 square meters
• Previous Approval: A 285-meter tower with approximately 700 residential units was authorized for the site in 2015.
• Ownership: The lot was purchased for $56.5 million in 2019 by Loi Keong Kuong.
• Current Status: The initial development plans never materialized, and the site was listed for sale in 2024.

Community Impact and Responses

Mayor Tom Tate’s office stated that they could not confirm the project details at this time. Local Councillor Darren Taylor redirected inquiries to the mayor’s office for further information. However, it was mentioned that if the Trump Tower project proceeds, it would serve as a beneficial development for Surfers Paradise and the broader Gold Coast region.

The Trump Organisation’s History

The Trump family business has a rich legacy, dating back to 1927 when it was founded as E. Trump & Son. Donald Trump joined the company in 1968 and later rebranded it to The Trump Organisation in 1971. Following his election as US president in 2016, he passed control of the company to his sons, Donald Jr. and Eric.

Diverse Business Ventures

The Trump Organisation’s portfolio extends beyond real estate. In addition to property development, it has explored various sectors, including:

• Cryptocurrency
• Branded consumer goods: vodka, fragrances, and jewellery
• Chocolate and mobile phones

The potential establishment of a Trump Tower at Surfers Paradise marks a significant step in the Trump family’s expansion into the Australian market. As discussions continue, many watch closely for updates on this ambitious project.