qwant news | NYC skyscraper next to Trump Tower reaches turning point

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590 Madison Ave., the black‑granite 42‑story tower next to Trump Tower, is at a turning point after RXR and Elliott Investment Management purchased it for nearly $1.1 billion. The new owners, with Gensler, have added a 25,000‑sq‑ft “Madison Avenue Club” amenity complex on the third floor, a 2,800‑sq‑ft outdoor terrace‑lounge, boardrooms, a cafe and bar, and a public‑art installation, creating a social‑wellness hub for the building. Major tenants now include Apollo Global Management, Schoenfeld Strategic Partners and LVMH, while about 100,000 sq ft of office space remains available, positioning the former IBM tower for a modern, hospitality‑focused office future.

Read more: https://nypost.com/2026/05/25/business/nyc-skyscraper-next-to-trump-tower-reaches-turning-point/

#TrumpTower #RXR #ElliottManagement #IBM #Gensler #ScottRechler #BillElder

Home - CBSNews.com | Developer scraps Trump Tower Australia plans, citing Iran war

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The $1.1 billion Trump International Hotel and Tower planned for the Gold Coast, Australia, has been cancelled after the developer, Altus Property Group’s CEO David Young, said the Iran war made the Trump brand “toxic” to Australians, prompting the Trump Organization to end the deal and accuse Young of financial defaults; Young denied the accusations, insisting the termination was purely business‑related and not personal, while noting the project could proceed without the Trump name—additionally, a local petition opposing the development has amassed over 140,000 signatures, reflecting widespread discomfort with the Trump brand.

Read more: https://www.cbsnews.com/news/trump-tower-australia-scrapped-developer-says-iran-war-trump-brand-toxic/

#DavidYoung #AltusGroup #TrumpOrganization #TomTate #EricTrump #TrumpTower #

In der australischen Stadt Gold Coast hätte eigentlich ein prunkvoller #TrumpTower entstehen sollen. Doch das 1.5-Milliarden-Dollar-Projekt ist gescheitert.

Der Bauträger bezeichnet die #Trump Organization als «toxisch».

https://www.watson.ch/international/australien/557235986-trump-tower-in-australien-geplant-plaene-werden-beerdigt

The Daily Beast Latest Articles | ‘Toxic’ Trump Tower Deal Goes Up in Flames in Ally Country by Cameron Adams

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The proposed 91‑story Trump Tower in Surfers Paradise on Queensland’s Gold Coast – touted as Australia’s tallest building and featuring luxury apartments priced around $2.5 million – has been cancelled after developers cited the “toxic” Trump brand, heightened Middle‑East tensions and Donald Trump’s damaged reputation, while the Trump Organization blamed Altus Property Group for failing to meet licensing obligations and basic financial commitments; over 120,000 Australians signed petitions against the project, and the tower’s removal from the Trump Organization’s website underscores that the venture will not proceed for now.

Read more: https://www.thedailybeast.com/toxic-trump-tower-deal-goes-up-in-flames-in-ally-country/

#TrumpTower #EricTrump #Altus #TrumpOrganization #DonaldTrump #DavidYoung

BBC News | Plans for Australia's first Trump Tower scrapped due to 'toxic' brand, developer says

AI generated summary, Read the full article for complete information.

Plans for a A$1.5 billion Trump Tower on the Gold Coast—promised as Australia’s tallest building at 335 m with 285 hotel rooms, 272 luxury apartments, shops, restaurants and a beach club—have been abandoned after the developer Altus Property Group deemed the Trump brand “toxic” amid the Iran‑Ukraine war and other controversies; while the Trump Organization cited Altus’s failure to meet financial obligations and accused the developer of blaming world events to deflect from defaults, Altus insists the brand’s reputation in Australia had become untenable and that the project will continue under a different luxury brand, noting that local council had not received a formal development application, profit‑margin disputes persisted, and public opinion was split, with a petition against the tower gathering over 120 000 signatures and a pro‑development petition attracting only about 3 600.

Read more: https://www.bbc.com/news/articles/c4g08dlnd0vo?at_medium=RSS&at_campaign=rss

#TrumpTower #AltusProperty #TrumpOrganization #DavidYoung #GoldCoast #KimberlyBenza #TomTate

Would be 90+ storey monstrosity stopped https://www.abc.net.au/news/2026-05-13/trump-tower-gold-coast-plans-scrapped/106673096

Community rejected (and “investors” fall-out ?)
https://www.change.org/p/stop-the-proposed-trump-tower-development-on-the-gold-coast/u/34597323?

Altus Property vs Trump Organ (Mar-A-Lardo)
https://www.theguardian.com/australia-news/2026/may/13/trump-tower-australia-gold-coast-scrapped-ntwnfb

#Capitalism #GoldCoast #PrivateProperty #TrumpTower

#RealEstate #TrumpRealEstate #TrumpTower #FWakeRealEstate

#TheTruth #EssentialTruthSocial "Truth Social Truth"

"The Truth of Real Estate Wheeler Dealing Property"

FYI: My mother #Charlotte Gutknecht was a Real Estate Agent. Like #Luigi family and #Trump family.

#TheSimpsons #LionelHutz
https://www.youtube.com/watch?v=DIB8Bwca_xk

Justin Sun accuses the Trump family's World Liberty Financial of 'Criminal Extortion'

An awkward detail (that I'm not sure has been reported) is in 2025 Tron Inc majority owned by Sun's father signed a lease agreement for 2,791 sq feet in Trump Tower NYC through 2028

https://www.wsj.com/finance/currencies/crypto-billionaire-accuses-trump-familys-world-liberty-of-criminal-extortion-14a82769

SEC filing for Tron Inc with details on lease agreement:

https://www.sec.gov/Archives/edgar/data/1956744/000149315226012723/form10-k.htm#G_021

#JustinSun #Trump #WLFI #TrumpTower #TronInc