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News and Information Article
Wood Partners, Dezer Properties and Trump to Develop Condominium Towers in
Midtown
ATLANTA, Aug. 4 // -- New York developer Donald J. Trump,
Atlanta-based Wood Partners, LLC, and Manhattan/Florida-based Dezer
Properties today announced their formation of a joint venture to develop
two condominium high rise towers in Midtown Atlanta. The deal is the first
for Trump in Atlanta and brings together one of the nations best known
real estate magnates and two of the nations most successful condominium
development companies.
(Photo: http://www.newscom.com/cgi-bin/prnh/20060804/CLF015)
The two towers will be referred to as Trump Towers Atlanta. The project
will include high-end luxury condominiums with architecture, features and
amenities that reflect the Trump brand and reputation. Luxury, boutique
retailers and destination restaurants will complement the residences.
Trump Towers Atlanta will be located at the intersection of 15th and
West Peachtree streets in Midtown, near the Woodruff Arts Center and a
number of high-profile projects, including the Atlanta Symphony Orchestras
proposed hall, 1180 Peachtree and the new mirrored skyscraper at Peachtree
and 14th streets.
Construction of Trump Towers Atlanta is expected to begin early next
year with the first phase to be completed by early 2009.
"Ive been looking into the Atlanta market for a while, and it was
important to find partners with strong reputations, histories of large
successes and track records of developing the highest-quality properties,"
said Donald Trump, Chairman and President, The Trump Organization. "I am
extremely pleased to join Wood Partners and Dezer Properties in developing
my first condominium tower in Atlanta. The project will set a new standard
for luxury condominium living in Atlanta."
In its eight-year history, Wood Partners has become one of Builder
magazines top builders in the United States and was one of the fastest
growing between 2004-2005. The companys most recognized high-rise projects
include the Metropolis, Eclipse, Horizon and Spire in Atlanta; Solaire in
Orlando; Edge in West Palm, Florida; and Glass House in Denver.
"Were excited to work with Donald Trump and Dezer Properties to create
homes that appeal to those desiring luxury living and lifestyles," said
Mark Randall, Managing Partner of Wood Partners. "We have some tremendous
projects underway around the country, but we get a lot of satisfaction out
of developing high-end projects, such as Trump Towers Atlanta, right here
in our hometown."
Dezer Properties is a New York-based, full service real estate company
that owns and manages commercial properties in Manhattan and Miami. In
2003, Dezer partnered with Trump to create Trump Grande Ocean Resort and
Residences in Miami Beach, an $800 million, 11 acre oceanfront hi-rise
development consisting of the Trump International, Trump Palace and Trump
Royale.
For more information, please visit http://www.TrumpTowersAtlanta.com.
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