52-story tower proposed on former Trump site in Tampa

AP News
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Posted: Jul 22, 2015 9:31 AM

TAMPA, Fla. (AP) — Ten years after Donald Trump announced plans for a 52-story tower on the Hillsborough River, a developer has filed plans for a 52-story tower on the same site.

Plans submitted to the city say the proposed tower would have 203 dwelling units atop office space, restaurant and parking for 630 vehicles.

A decade ago, buyers plunked down deposits, taking Trump's word that he was a partner in the $300 million project with SimDag-RoBelo, a group of bay area real estate investors.

The Tampa Bay Times (http://bit.ly/1SAj9kv) reports that when Trump sued SimDag for failing to pay licensing fees, it was revealed that the Trump name was about all he'd invested in the project.

The property went into foreclosure and was sold in 2011 to Brownstone Tampa Partners for $5 million.

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Information from: Tampa Bay Times (St. Petersburg, Fla.), http://www.tampabay.com.