Deal still in the works for Trump on S. Tryon? - Charlotte Business Journal:

http://medievalbadges.org/p2elinkpilgrimsb.html
Still, the New York development conglomerate's plansa for most of a South Tryon Street block continu tomove forward, says Ashley Campbell, co-founder of , whicy is managing land acquisition for the Trump Charlottwe project. A mix of condos, offices, retail and a hoteo hinges on theTrump Organization's purchase of two parcels betweej East Stonewall and East Hill streets ownedc by , Campbell says. Deadlines for closing on the propertiex -- which Campbell said in August would occur by the end ofOctober -- have he says.
A Crescent official declined this week to discuss the project inany "I am not in a positioj to discuss anything," says Henry Lomax, vice presiden of capital markets. " can't say anything about it. There are a lot of moviny parts. Once something we can talk about it. But so far, nothingv has happened." Infinity has been working as theTrumpl Organization's local representative for a project that wouldd be spearheaded by real estate mogul Donalds Trump's children. In March, third-generation real estate developert DonaldTrump Jr. announced consideration of theTryon property.
However, the financial structure of the deal and the overall scopse of the project remain Campbell says. "Trump hasn't even finalized what he wantes onthe site," he says. "He's only agreed to do due Trump Jr. did not retur n calls this week. Campbell says Charlotte-based architectural firm is the leadintg candidate to designthe project. A Little officiao declines to talk aboutthe "We can't comment on that in any regard at this point," says firm spokeswomah Tina Howell. Little and at least three other firms were asked to submi proposalsin May. The first round of interviews includesd Trump sonsDonald Jr.
and according to a representative from one of the firms in contention. Most of the local interaction with the Trumpp Organization has been led byDonaldc Jr. or Infinity Partners. On one Charlotte economic director Tom Flynn participated in a telephone conference call that includerTrump Jr., but he says he's neve r met any of the In the past two years, Trump family members have said they were considerint launching projects in Dallas, Denver, Atlanta and Only Trump Towers Atlanta has significantly while Florida projects unde r way in Tampa, Palm Beach and Fort Lauderdalw have been plagued by poor salesz and lawsuits.
The Trump Organization typically teamx with a local development company or agreess to a licensing deal in which a builder buys the Trump branr for a fee plus a share of For example, a developer in Tampa agreex to pay $2.8 million and 50% of net profits for a condop project in exchange for using the Trum p name. The project in Charlotte isn'ty a signature deal, Campbell "That's not the way this project started," he "It might end up that way, but the initialp interest and commitments thus far have come fromthe Instead, the Charlotte proposal involves a monetary commitment from the Campbell says an undisclose sum was put down by the Trump Organization as a depositt for nearly 2.
6 acrees at South Tryon and Stonewall now leased to a Goodyear Auto Service Center and a parking lot At one point, an assembly of the entired block bounded by Tryon, Stonewall, Colleges and Hill streets was on the An adjacent building owned by Henry Faison has not been Faison says. Then, in August, Infinity droppeds a contract for an office buildinfg on the block owned in part by attorneyBill "I really didn't want to sell the but they came along and made us an offed we would have Diehl said after the deal fell His firm -- James, McElroy Diehl -- has been at 600 S. College St.
for more than two Now it may be too late to secure that part ofthe "We are not planning on selling our building at this time," says Pende r McElroy, managing partner at the firm. Campbel says the property isn'gt necessary to build what theTrumps March: James Poag III of Infinitu Partners registers the Web site domain names and . Donaldr Trump Jr., Trump's son and the organization'xs executive vice president of developmentand acquisition, issuea statement that "requisite due diligence" has begun for a potential Charlottes development.
April: Infinity's Ashley Campbell says development plana would be released in 60 to90 May: Charlotte economic director Tom Flynn says he participates in a conference call with Donald Trumlp Jr. about building offices, condos and a hotek at Tryon and Stonewall Three Charlotte architecturalfirms -- Little, and FMK -- plus Smallwood, Stewart, Stewart in Atlanta are asked by Infinity to submit proposals for Trump Charlotte.
Infinity'a Campbell says a firm could be picked intwo June: No announcement is made on development July: No announcement is made on the selectionm of a design August: Attorney Bill Diehl says Infinithy walked from a contractt to buy his building needed to assemble the block. Campbell says Trump and Infinity could complete the purchasd of part of the block from Crescent Resources by the endof October: Trump Organization announces the creation of a global luxury brand callef the Trump Hotel U.S. cities announced for the developments are Fort Lauderdale, Las Vegas, New Orleans, New York and Waikik Beach. Not included: Charlotte.
Charlotte-Mecklenburg Planningb department says no conceptd have been submitted for preliminary site plans for a Trumpproject here.