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Casino Rumors Surround Trump Philadelphia Tower

PENNSYLVANIA – As reported by the Commercial Property News: "Donald Trump has unveiled plans to build a $300 million Trump Tower in Philadelphia, in a former industrial area that has recently become the site of several significant residential developments.

"The 45-story luxury condominium building will house 263 condos priced between $700,000 and $3.5 million.

"'The site is also near where some casinos may eventually locate,' explained Jonathan Stavin, first vice president with CB Richard Ellis Inc. who specializes in multi-housing investments.

"'A school of thought within the real estate community here feels that the decision to build this tower at this time is closely related to his attempt to get a casino license.'…"

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