Donald Trump has found some time away from saying “You’re fired!” on his hit show “The Apprentice” to focus on developing a $300 million high-rise tower in Las Vegas.
The Clark County Commission recently approved plans for a 64-story hotel/condominium tower on the strip. It will be constructed of concrete and glass and adorned with a 24-karat-gold and glass top. Patterned after the Trump International Hotel and Tower in Manhattan, the 1.6-million-square-foot building will contain 1,092 hotel-style units, 110 luxury condominium apartments, a high-end spa, restaurants and possibly a casino.
As soon as the Federal Aviation Administration clears the plans, construction is set to begin, probably in early 2005. The project will take approximately two years to complete. Once finished, the tower will be one of the largest condominium projects on the strip.
“My plan is to build a super-high-end residential tower in Las Vegas that will be the talk of the town,” Trump told the Los Angeles Times when the plans were revealed in July.
Although the tower is Trump’s first real estate venture in Las Vegas, he has been plagued with financial problems recently in relation to his Trump Hotels and Casino Resorts in Atlantic City. According to Trump, the Las Vegas tower project will be financed with his own money and will be separate from the Atlantic City hotels.
Other, similar condos are also being built on the strip. A 550-unit, 37-story condo tower at the MGM Grand is sold out, and the MGM Mirage is selling condos in a second tower and has plans to build four more.