Trump Farallon Estates will be the first residential project to break ground there. The community is planned for 68 mansions on 1.5-acre lots within a gated community atop the highest bluff in the area, according to Trump. Home prices weren't disclosed but are expected to start no lower than $2 million, US resort industry consultants familiar with comparable endeavors tell GlobeSt.com.

Trump and Dr. Ricardo Hazoury, president of the Cap Cana board of directors, signed the partnership agreement. "With the signing of this agreement, Cap Cana ratifies its goal to become renowned internationally as the world's greatest destination," Hazoury says. He calls Cap Cana "the most important tourism and real estate project in the Caribbean, recognized for its ambitious dimensions as a fully integrated luxury community."

The project's consultants include Nicklaus Design, Coastal Systems International Inc., International Marinas, Weitz Golf International, GVA, Troon Golf and Stewart Title. Westin Hotels and Resorts and Hilton Hotels are other global resort developers with planned or completed projects in the area.