Trump and Perez Join Forces In Sunny Isles and Miami
| | Friday, October 01, 2004 @ 11:14 AM EDT
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Contributed by: danmaza
danmaza Properties
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Trump Towers I,II and III by the sea also know as Ocean 5,6,7
Developers Donald Trump, Jorge Perez, Gil and Michael Dezer and Tom Daly draw plans to team up to build a trio of condominium towers in Sunny Isles Beach.
Jorge Perez, say hello to Donald Trump.
The high-profile developers -- one well known in Florida, the other a one-man national brand -- are teaming up to build three luxury condominium towers in Sunny Isles Beach.
The high-rises are expected to be 45 stories tall and called -- not
surprisingly -- Trump Towers I, II and III.Sales for the first tower is to begin Oct. 1.
The collaboration would also include Gil and Michael Dezer, of Dezer development in Sunny Isles Beach, and Tom Daly, a Miami Beach Real Estate developer.
''We are combining all of the forces,'' said Gil Dezer, whose father, Michael, started buying up land in Sunny Isles more than 10 years ago.
The towers would be on Collins Avenue between 158th and 160th streets. Dezer development, Perez' Related Group of Florida and Trump are largely responsible for transforming the quiet resort town into a major center for luxury high-rise condos.
Gil Dezer said that his company had snapped up more than 40 acres of Sunny Isles Beach land since the early 1990s and that it was looking to buy even more beachfront property. He said Related would complement the Dezer-Trump team.
''Where we have the horsepower in sales, they have the horsepower in construction,'' he said. ``We work well together.''
Perez could not be reached for comment.
Trump was said to be traveling and unavailable for comment.
Dezer said that his company would do the sales and marketing, that Perez and Daly would oversee financing and construction and that Trump would provide input.
As the project goes forward, Trump will be involved in everything from architectural design and unit layouts to marketing materials, Dezer said. He added that Trump has particular standards that must go into each of the buildings, such as ceilings that are at least 10 feet high and eight-foot doors.
''He has veto power, but he doesn't use it unless its absolutely necessary,'' Dezer said. ``The man is experienced, so we want to listen.''
Dezer declined to give specifics regarding the deal's financial terms.
Related has built three condo towers in Sunny Isles Beach and is involved in a joint venture with Dezer on a fourth, to be called Ocean Four Condo, which is expected to start construction this month. Dezer, meanwhile, has partnered with Trump on three towers there, including the Trump International preconstruction Sonesta Beach Resort.
Each of the three Trump Towers will have about 300 units, said Daly, who is also involved with Perez in such condo projects as One Miami and
50 Biscayne in downtown Miami. The Trump Towers' prices will range from $900,000 to $4 million, he said, with ground on Tower I expected to break in April.
''Depending on market conditions,'' Daly said, ``we hope to break ground at six-month intervals.''
Note: The Dan Maza Real Estate Sales Group can be
contacted here
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