Trump Just Got Final City Approval for His $3 Billion Doral Condo Project
City Council Votes 4-0 in Favor of Luxury Condo Development
City officials have officially greenlit president-elect Donald Trump’s luxury condo project at Trump National Doral. In a 4-0 vote on Wednesday, the Doral City Council approved the Trump Organization’s plans to build five 20-story condo towers at the Trump National Doral resort, a sprawling 600-acre Miami area property that sits just around the corner from downtown Doral and boasts a hotel, four golf courses, tennis courts, an 18-cabana pool, and a spa.
Project Details
The condo project, which is estimated to cost around $3 billion, will feature 1,750 units, ranging from one- to four-bedroom residences, with prices starting at around $1 million. The development will also include a 50,000-square-foot amenities center, a fitness center, a spa, and a private beach club.
Benefits to the Community
According to the Trump Organization, the condo project will bring numerous benefits to the community, including the creation of over 5,000 construction jobs and over 1,000 permanent jobs once the project is complete. The development is also expected to generate significant revenue for the city, with estimates suggesting that it will bring in over $100 million in annual tax revenue.
Environmental Concerns
Some environmental groups have raised concerns about the project’s potential impact on the surrounding ecosystem. However, the Trump Organization has assured that the development will be designed and built with sustainability in mind, and that it will incorporate green building practices and energy-efficient systems.
Timeline
Construction on the condo project is expected to begin in the spring of 2023, with completion slated for 2025. The Trump Organization has stated that it plans to break ground on the project as soon as possible, pending any necessary permits and approvals.
Conclusion
The approval of the Trump National Doral condo project is a major win for the Trump Organization and a significant development for the city of Doral. The project is expected to bring numerous benefits to the community, including jobs, revenue, and a boost to the local economy. While some environmental concerns remain, the Trump Organization has assured that the development will be designed and built with sustainability in mind.
FAQs
Q: How many units will the condo project feature?
A: The condo project will feature 1,750 units, ranging from one- to four-bedroom residences.
Q: What is the estimated cost of the project?
A: The estimated cost of the project is around $3 billion.
Q: When is construction expected to begin?
A: Construction is expected to begin in the spring of 2023.
Q: How many jobs will the project create?
A: The project is expected to create over 5,000 construction jobs and over 1,000 permanent jobs once complete.
