All representatives of the parties involved deny the venture is going forward even though the players have talked about the project for at least two years, knowledgeable Midtown sources tell GlobeSt.com. "We are planning a project in Atlanta, but I cannot say when [it will be built] and where at this time. I can say the announcement is imminent," Ivanka Trump tells GlobeSt.com. "I am not comfortable disclosing details of the project at this time."

However, a little-publicized land acquisition by Wood Partners in March is fueling new speculation on the Trump-Wood enterprise, sources tell GlobeSt.com. At that time, Wood bought a 2.48-acre parking lot from Aeroswed Corp. and the 3216 Piedmont LLC at 1252 W. Peachtree St. for $21.25 million. The speculated Trump-Wood project would be built on that site which is across from the Arts Center Marta station, between Spring and West Peachtree streets in Midtown. The 15th Street development site is behind the Woodruff Arts Center and High Museum of Art and just across Interstate 85/75 from Atlantic Station.

The parking lot price equates to $8.57 million per acre or $196.70 per sf, the highest per-acre price recorded in metro Atlanta, according to GlobeSt.com research. The previous high was the $5.89 million per acre Atlanta developer John A. Williams paid local developer David Songy and his Songy Partners in August 2004, as Globest.com previously reported.