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A Trump Dezer Development

PRESS Release

Contact: Mandy Weightman / Trump Grande 305.932.1000 advertising@trumpgrande.com.
Contact: Tina Menditto / Kreps/DeMaria 305.663.3543 tmenditto@krepspr.com

TRUMP DEZER DEVELOPMENT
announces topping off of trump palace
and ground breaking of trump royale

$700 Million Project Re-Defines Luxury Living in Sunny Isles

SUNNY ISLES BEACH, FL (October 2004) –Trump Dezer Development has announced the topping off of Trump Palace and the groundbreaking of Trump Royale in Sunny Isles Beach. The two, luxury residential towers are part of the $700 million Trump Grande Ocean Resort and Residences, which also includes a 372-unit condo hotel, Trump International Sonesta Beach Resort, which opened amidst great fanfare last year.

Trump Palace, a 278-unit, 55-story residential condominium, is scheduled for completion in 2005 and is topped off. Residences range from 1,197 to 6,300 square feet of total living space and will feature ten-foot ceiling heights - a Trump standard. Trump Palace prices range from $500,000 to $5 million.

Trump Royale, a 391-unit, 55-story residential condominium, is scheduled for completion in 2007 and will break ground this month. Residences will range from 914 to 11,000 square feet of total living space. Trump Royale prices range from $500,000 to $25 million for select penthouses.

Spanning eleven acres, the three building project represents Donald Trump’s first foray into the South Florida residential real estate market. Father and son duo, Michael and Gil Dezer, partnered with the real estate mogul three years ago and at $700 million, Trump Grande is one of the largest real estate deals ever realized in the state of Florida.

The Dezers own more than 45 acres of prime oceanfront property in Sunny Isles Beach, which they began accumulating in 1995. They are the largest owners of oceanfront property in the area, and arguably one of the largest in the state. At present, 25 of the 45 acres under their control are either built or in the planning stages.

Trump Towers is Gil Dezer's latest addition to an already impressive portfolio. On this deal, the Dezers have teamed up with not only Trump, but with Jorge Perez’ Related Group to build three high rises at 45-stories each on 158th and Collins Avenue in Sunny Isles Beach. The project, in its planning stages, will have between 830-930 units and prices will range from $650,000 to $4 million.

In addition to their Miami Beach properties, the Dezers' New York holdings encompass more than twenty properties including the Simon Dezer building on 5th Avenue, the Chelsea Antiques building, the Chelsea Design Center and the Chelsea Arts Forum.

The name Donald Trump has long been associated with the world’s premier residential real estate and conveys an unparalleled reputation for excellence. Spectacular views, prime location and quality amenities are the characteristics comprising the Platinum standard that Donald Trump is known for.

So it is with Trump Grande Ocean Resort and Residences where the service and amenities will be comparable to such properties as Trump World Tower.

The New York sales office for the Trump Organization at Central Park South is the exclusive New York sales broker for Trump Grande Ocean Resort and Residences. Trump sales and leasing is known for success in selling homes of the highest caliber with grace and style and for accommodating the requirements of its prestigious domestic and international clientele. Trump’s residential properties include Trump World Tower, Trump Place, Trump Tower, Trump International Hotel and Tower, Trump Palace, and Trump Parc.

For additional information regarding Trump Grande Ocean Resort and Residences in Sunny Isles Beach, please call 305-932-1000 or visit the website at www.trumpgrande.com.

Mike Neal (Coscan), Michael Dezer (Trump Palace), Michael Dezer & Gil Dezer (Developers - Trump Grande)

Gil Dezer (Trump Grande) & Al Piazza (Coscan)

Additional Photos available on request.

Photo Credit : Jon Reyes/Trump Grande 2004


Miami Sales Center    31st Floor   18001 Collins Avenue  Sunny Isles Beach, FL  33160 
Phone 305.932.1000   Fax 305.936.9908 www.trumpgrande.com
In New York City Trump Corp Sales Center    108 Central Park South    NYC, NY 10019
Phone
212.245.5084    Fax: 212.489.1625


INFO@TRUMPGRANDE.COM


A Trump Dezer Development