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Trump International Hotel Groundbreaking Set for July 1221 June 2005
By Howard Stutz
Groundbreaking for Donald Trump's first planned Las Vegas development will be July 12, a spokesman for the New York real estate developer said Monday.
The $500 million, 64-story Trump International Hotel and Tower, a nongaming complex, will be built behind the New Frontier Hotel across from the Fashion Show mall.
"It will be a groundbreaking with all the festivities," said Tom Kennedy, a Las Vegas spokesman for Trump International. He said Trump, who has flirted with expanding his business operation to Las Vegas since the early 1990s, will attend.
The project's 1,282 units were 100 percent reserved as of early May, and Trump has said he plans to add an identical 64-story tower to the site. No announcement has been made on when sales for the second tower will open.
Trump, along with New Frontier owner Phil Ruffin, announced plans for the project last summer.
The tower will include 880 studio units and 352 one-bedroom condominiums on floors 16 through 59, and 50 suites of one, two, or three bedrooms on the top five floors. Prices range from $600,000 to $6 million.
Prospective buyers deposited $10,000 or $20,000.
The tower would place Trump's name in lights high above Las Vegas, within walking distance of the Strip and near Wynn Las Vegas.
Trump International's $3 million, 8,100-square foot sales center in front of the New Frontier is still under construction but is expected to open in time for the groundbreaking.
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