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Trump Cancels Tampa Tower Plans

TAMPA, FL-A lawsuit over licensing fees contributes to the 52-story condo project's demise.

By Carl Cronan | Updated on October 01, 2008

(Carl Cronan is editor of Real EstateFlorida.)

TAMPA, FL-Donald J. Trump’s planned local condominium tower, originally promoted to be the tallest structure on Florida’s Gulf Coast, will not move past the groundbreaking stage, at least with his name on it. The New York City real estate icon has settled a lawsuit with the $300-million project’s development partners, likely laying the project to rest.

Trump sued SimDag-RoBEL LLC in May 2007 to recover more than $2 million in fees he claimed to be owed for the right to put his name on the proposed 52-story luxury condos, called Trump Tower Tampa. The developer countersued, saying Trump should have never made his licensing arrangement public. Mediation in the suit ended Monday with no specific terms disclosed.

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