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UPDATE: Trump Pursues High-Rise Condo Plan

DENVER-Despite being fired from consideration in the $1-billion redevelopment of the Denver Union Station, Donald J. Trump is pursuing his plan for a luxury, high-rise condominium and hotel tower in Downtown Denver.

By John Rebchook | Updated on February 12, 2006

DENVER-As GlobeSt.com reported last week , Donald J. Trump’s team for the redevelopment of the Denver Union Station–a $1-billion public-private, transit-oriented development–was rejected for being unresponsive to a request for qualifications. But while the city may be saying “You’re fired,” to Trump, he isn’t giving up on the Mile-High City. Within days of his rejection, he announced plans to pursue a luxury, hotel-condo project on his own.

“While it is our belief that the Union Station project will be a phenomenal success and a fantastic addition to the vibrant Denver landscape, we have determined that a single-tower, five-star development is a more focused opportunity for us now,” says Trump, the CEO of the Trump Organization.

Tevfik Arif, chairman of Trump’s partner in the deal, the New York City-based Bayrock Group, notes that he wishes the other nine teams competing for the Denver Union Station deal “continued success in their endeavors.” And Jody Kriss, a director at Bayrock, says that the team will continue to work with the locally based Barry Group Investment, headed by former Denver Bronco football player Odell Barry.

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