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GlobeSt.com EXCLUSIVE: Trump, Dezers Joint-Venturing $600M Oceanfront Towers

MIAMI-The New York developer and the Sunny Isles Beach, FL father-son team plan to break ground Feb. 9 on Trump Palace, a 47-story, 267-unit luxury condominium tower--the second of a three-phased, 972-unit venture along Miami Beach called Trump Grande Ocean Resort and Residences.

By Alex Finkelstein | Updated on February 01, 2002

MIAMI-New York developer Donald J. Trump and the Sunny Isles Beach, FL-based father-son development team of Michael and Gil Dezer have signed a joint venture agreement for a $600 million, three-phase, 972-unit oceanfront condominium project along Miami Beach called Trump Grande Ocean Resort and Residences.

Today’s announcement, which GlobeSt.com reported Feb. 2, is expected to buoy the local development community. Area brokers tell GlobeSt.com the project reinforces local belief the current recession is ebbing and that commercial real estate development is resuming a robust upward course in South Florida.

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