February, 19th, 9:05am PST UPDATE: Despite media reports to the contrary, it seems a Trump Tower in Vancouver is not set in stone – or written in gold lettering – just yet. The Vancouver Sun has an email statement from Holborn Group CEO Joo Kim Tiah, whose company will build the still-unnamed West Georgia tower.
“We are currently not in a position to discuss the management or the branding of the subject property. Rest assured that it will be a luxury operator and that we are working extremely hard to bring to life a project that the City of Vancouver will proudly embrace for many years. The project will set a new benchmark and we look forward to announcing the hotel operator in the coming weeks,” Tiah said.
Original Story: Hold onto your comb-over coiffures, Vancouver. According to the CBC, the city is set to welcome its very first Trump Tower on the 1100-block of West Georgia.
“Developer Holborn Group is relaunching its Arthur Erickson inspired twisting tower under the Trump brand with condos priced around $1,600 a square foot,” the CBC reported Friday evening.
The project originally launched as a twisting, 60-storey luxury hotel and condo development with a $28 million penthouse. But the 2008 recession forced the project to be shelved and early buyers were refunded their money. It eventually relaunched last April with 290 condo units aimed at a lower price point.
The project is similar to Toronto’s Trump Tower, the CBC says, but like that project, Trump and his daughter are not investing in the Vancouver tower, merely selling the brand to the developer.
“We are naturally excited about Vancouver. It is a great city with tremendous access to the Asian market and we look forward to continuing to explore the potential of bringing the Trump flag to this location,” the CBC quotes the pair as saying.
If it does indeed get built under the current plans, Vancouver’s Trump Tower will be the city’s second tallest building.