Branching Out
Here’s a great picture of Trump going out of the family business. This photo was taken after the NY Board of Estimate agreed to his play to buy and refurbish the abandoned Commodore Hotel. This is what started his real estate business. While he did begin with a $70 million loan from Fred Trump and the Hyatt Hotel Chain, to this day he says be built it all on his own.
Branching Out
Trump Tower Completion
When the Commodore Hotel was finished by renovated, the city also agreed to Trump’s rights to create the Trump Tower in Midtown Manhatten. To finish the project, he hired illegal Polish workers to destroy the old Bonwit Teller retailer flagship store. It was well known for its art-deco features and was meant to be preserved by the city. The Trump Tower was finished in four years and finally opened in November 1983. Today, the building has many residential and commercial areas. The most famous spaces are Trump’s penthouse, and the Trump Organization headquarters.
Trump Tower Completion
