Friday, October 12, 2007

TRUMP TOWER - Trump fired up about Toronto tower

Trump fired up about Toronto tower

The Donald flew into Toronto in his private jet today to break ground on the 57-storey Trump International Hotel & Tower.

"This will be one of the great buildings in the world," New York developer Donald Trump told a small tented audience on the Bay St. site of the proposed skyscraper at the intersection of Bay and Adelaide Sts. in the city's financial district.

This artist's rendering shows the Trump International Hotel & Tower at Bay and Adelaide Sts. in Toronto, in between the Scotiabank and Bank of Montreal buildings.

Outside the sites, onlookers lined Bay St. with cameras hoping to catch a glimpse of the star of television's The Apprentice.

"When we come back here in two years, everyone in Toronto will be very proud."

Trump said more than $300 million in units had already been sold. The long-awaited building the developer's first in Canada will have 118 residences and 261 hotel suites.

There has also been deep skepticism among some in the real estate community that it would ever be built, since it has taken three years to break ground in a hot condominium market.

"We wanted to take our time to do this right. Even with a great location like this, if you don't build the right product, it won't work," said Trump.

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