Locally based SimDag Investments LLC broke ground on Trump Tower Tampa in March, as GlobeSt.com previously reported. New York City developer Donald J. Trump has a licensing deal with SimDag but is not a co-developer. The 1.5-acre development site is at 111 South Ashley Dr. The site faces the Gulf of Mexico along the Hillsborough River in the center of Tampa's financial and cultural districts.
The 192-unit project was scheduled to be completed in 2008 at an estimated hard construction cost of $1.6 million per unit. SimDag officials placed the preliminary development cost at $260 million or about $1.3 million per unit. The cost has now been revised upwards to $309 million.
The new projected completion date has been pushed forward to June 2009. Mirabilis is also acquiring SimDag's Antigua Bay Yacht Club in Clearwater at an undisclosed price. When completed, SimDag officials says Trump Tower Tampa will be the tallest residential or office structure in Central and North Florida.
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