Donald Trump is making waves in Florida with his latest venture—a lavish condo complex set to rise at his Doral resort.Â
With the city council’s recent nod to rezone 56.4 acres, this billion-dollar plan is quickly moving from blueprint to reality.
Green Light for Growth
On August 14, the Doral city council approved a pivotal zoning change from Trump Endeavor 12, LLC, clearing the way for a new “downtown mixed use” area.Â
This approval sets the stage for up to 1,498 residential units and 142,000 square feet of commercial space, transforming the resort’s landscape.
Scaling Back, Aiming High
What started as an even grander scheme for 2,209 condos has been scaled back to a more manageable 1,498 residential units.
This revision, noted by the South Florida Business Journal, reflects a strategic adjustment in Trump’s ambitious development plans.
Billions on the Horizon
Trump is reportedly ready to invest as much as $3 billion into the new condos, according to Bloomberg.Â
PPK Architects from Doral have drafted plans for five impressive 20-story towers, promising a striking addition to the area’s skyline.
A Dual Development Dream
More than just homes, this project plans to blend 142,000 square feet of commercial spaces with luxurious living options.Â
This development is poised to boost local infrastructure and provide high-end amenities to both residents and guests.
Doral’s Population Pivot
With the new project, Doral expects to welcome nearly 5,000 new residents, according to project documents from the August 14 meeting.Â
This influx is set to invigorate the community with new energy and opportunities.
The Lure of the Links
At a July rally, Trump boasted about the Blue Monster course at Doral, calling it “one of the greatest tournament golf courses anywhere in the world.”Â
This renowned course is just one of the perks awaiting the affluent residents of the new condos.
Life in the Club
Felix Lasarte, the project’s attorney, said, “You buy a unit and become a member of the country club in Doral, then you have virtually unlimited access to golf, tennis and pools.”
This exclusive club membership is designed to enrich the lifestyles of those who choose to call these condos home.
Luxury Comes at a Price
Starting at $2 million per condo, these units promise exclusivity and luxury.
There are policies in place to ensure they don’t compete with the resort’s hotel offerings, Lasarte added.
Golfers’ Paradise
The challenging Blue Monster, known for its water hazards, is expected to draw golf enthusiasts to the condos.
This adds to the allure of this high-profile development.
A Narrow Approval
The project edged closer to fruition with a tight 3 to 2 vote in favor of the rezoning on August 14.Â
The final decision, due in September, will determine the project’s future, marking a critical juncture for this expansive development.
Trump’s Profitable Playgrounds
Trump’s financial prowess continues to shine, with Trump Endeavor 12 LLC reporting over $160 million in revenue from golf and hotel operations in just 16 months.Â
Totaling $513 million from all his properties, including Doral, the numbers speak volumes about the profitability of Trump’s luxury resorts and clubs.
