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SPECULATION > Vancouver TRUMP TOWER Condo-Hotel Announcement at the Cancelled Ritz Carlton Vancouver Condo Project by Holborn Group > Trump International Tower Vancouver Rumours

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TRUMP Tower Vancouver Downtown condo-hotel high-rise.

Vancouver TRUMP Tower on its way to 1151 West Georgia Vancouver [SPECULATION]

The highly anticipated Vancouver TRUMP Tower may finally be coming! The Holborn Group developers and Donald Trump have confirmed speculation by announcing a news conference next Wednesday, June 19th in the city. The Vancouver TRUMP International Tower will make its way to the 1151 West Georgia Street Vancouver Downtown address which saw the cancellation of a highly anticipated Ritz-Carlton project on Georgia between Bute and Thurlow. The 63 storey Vancouver Ritz-Carlton condo-hotel project was designed by the late Arthur Erickson and was dubbed Vancouver’s Turn because of its twisting and stunning architecture. However, during the global economic crisis, the Vancouver Ritz-Carlton condo-hotel was cancelled by the Holborn Group in 2009. Holborn had sold about 62 of the 123 condos in the Ritz-Carlton Vancouver condo hotel at that time (about 50% pre-sold) and prices at that time ranged from $1.4 million to over $25 million for the spectacular sub-penthouse and penthouse suites. The 127 room luxury five-star Ritz-Carlton Vancouver hotel would have occupied the first 20 floors of the Ritz-Carlton Vancouver condo-hotel landmark high-rise and the 1151 West Georgia condos would have occupied the top 40 floors. Construction was stopped in mid-2008. After many years of speculation, the now cancelled Vancouver Ritz-Carlton condo tower will become the Vancouver TRUMP Tower. The announcement was very vague, but it looks like Donald Trump will be bringing his daughter Ivanka Trump plus his sons Eric Trump and Donald Trump Jr. The TRUMP Vancouver Tower is located on Georgia Street between Bute and Thurlow. It’s speculated that the floor plans from the original Ritz-Carlton Vancouver condo-hotel have been redesigned bearing the Trump brand would be slightly smaller and possibly slightly less extravagant, and therefore, more affordable for home buyers. The idea of the luxury Vancouver TRUMP Tower is to provide luxury at an affordable price point so that it attracts are larger homebuyer pool. The Holborn Group purchased the West Georgia property from Cadillac Fairview about 8 years ago. Refined luxury at the TRUMP Vancouver Condo Tower will be coming soon! How exciting!

Rendering for entrance to the Arthur Erickson Ritz-Carlton Vancouver TRUMP International Tower proposed project.

More Initial Information and Reaction to the TRUMP Vancouver Condo-Hotel Tower

What is dubbed to be Vancouver’s most iconic buildings, the 1151 West Georgia Vancouver TRUMP tower will likely keep the landmark Arthur Erickson architecture in this twisty yet sexy 63 storey high-rise. The reality TV star and business tycoon will be holding a news conference in Vancouver along with developers TA Global and Holborn. Back in February 2013, it was highly suspected that Donald Trump and the Trump Organization wanted to make a deal and partner with the Holborn Group for this tower at 1151 West Georgia Street in downtown Vancouver. It is anticipated that details about the Vancouver TRUMP Tower, architecture, possible floor plan layouts and price points will be revealed at the news conference in addition to the introduction of the development and marketing teams. The Toronto TRUMP Tower was a huge success and it features a 65 storey landmark tower that includes luxury TRUMP Toronto condos and a five star rated restaurant in the downtown core. Some of the news agencies have reported that the address of the new Vancouver TRUMP tower is 1133 West Georgia Street but we haven’t been able to confirm if the project site has been relocated or renumbered from the previous 1151 West Georgia Street address. Donald Trump is a divisive figure, but his brand is certainly associated with top luxury and opulence, something that is dearly missing in Vancouver’s real estate condo market. Not only that, but the TRUMP Vancouver condo-hotel tower will be centrally located in the heart of the downtown area, just across the street from the highly successful Shangri-La Vancouver condo-hotel. The Vancouver twin towers are central and walkable to all sorts of entertainment, high-end dining, boutique shops, malls, grocery stores and local transit.

Vancouver landmark tower by TRUMP and Holborn Group.

The TRUMP Tower Vancouver Condo-Hotel Announcement

Next Wednesday, June 19th will mark an exciting news conference in which Mr. Joo Kim Tiah, Presidents and CEO of the Holborn Group, Mr. Donald Trump, Mr. Donald Trump Jr., Mr. Eric Trump and Ms. Ivank Trump will make an official announcement. Nobody knows exactly what the announcement will be, but most people anticipate the announcement of the highly suspected and exciting Vancouver TRUMP Tower condo building. In most likelihood, Donald Trump and the Trump Organization will NOT be investing money into the tower nor will they be developing the high-rise. More likely, Donald Trump will lend it’s TRUMP brand to the new Vancouver TRUMP Tower condo hotel and if there is a new hotel component, likely the Trump Hotel Collection chain will operate it. If the original plans go forward, the > $500 million project will become the 2nd tallest building in Greater Vancouver at 617 feet, just slightly shorter than the Shangri-La Vancouver condo-hotel located across the street. Some people have dubbed the Shangri-La and TRUMP Vancouver condo-towers as Vancouver’s TWIN TOWERS. The TRUMP Tower Vancouver is a glass version of the famous Turning Torso located in Malmo Sweden. Arthur Erickson designed this high-rise tower that would twist 45 degrees from the ground to the top level. This will become one of Vancouver’s most visible towers and will be a signature landmark that will forever change our skyline. The Trump Tower Vancouver condos is a welcome addition to complete this downtown district and make it the pinnacle of downtown Vancouver luxury real estate.

Rendering of the Trump International Tower in Vancouver.

Potential Changes to Original Ritz-Carlton Vancouver at the new TRUMP Vancouver Condo-Hotel Tower

According to Vancity Buzz, since 2008, some of the details have been changed. Apparently, eight floors were added to the building through lower ceiling heights and the City of Vancouver’s approval of the developer’s request to increase the building height by five metres was also approved. The new tower, which may eventually become the TRUMP Vancouver condo-hotel high-rise may be 67 storeys in height at 617 feet or 188 metres. In addition, the number of condos at the new TRUMP Vancouver condo building may increase from 163 to 290 and the TRUMP hotel rooms may have increased from 127 to 187. The Holborn Group and TRUMP will also likely make the condos more affordable, dropping the price per square foot from $1,500 to the average of $600/sf. This makes 1 bedroom TRUMP Vancouver condos starting from around $800,000 (which were originally $2.5 million for larger suites).

Kevin McNaney, assistant director, central area planning for the city of Vancouver, said Thursday that the city has had a development permit in place on the site since November 2011 for a 64-storey hotel/residential tower. “The building is under construction,” he added, in an emailed statement. “The only thing not known is the hotel brand.”

Luxury Vancouver Condos Rebounding?

It must also be noted that the luxury Vancouver condo market has rebounded significantly since 2008/2009. A realtor specializing in high-end luxury Vancouver condos in downtown recently said that prices in the Shangri-La Vancouver condo-hotel have risen on average of 2-3 per cent in the past 12 months, which is higher than your typical Vancouver condo. However, the Private Residences at the Hotel Georgia have sold approximately 101 of the 156 luxury Vancouver condos available in this high-end project. There are still approximately 50 suites remaining. With the global economic uncertainty and no real sense of urgency, it’s expected that the luxury Vancouver condo market will remain stable but won’t see the significant gains of the early 2000s for some time.

According to the Holborn website: 1151 West Georgia Street Vancouver Holborn Group Arthur Erickson
The West Georgia tower was designed by the world renowned architect Arthur Erickson as an iconic, twisting structure that at 63 stories above the city would be Vancouver’s second tallest tower. The overall design will incorporate a prominent hotel and destination restaurant, directly off of Georgia Street. The Residences will be located above the hotel, capturing some of the most inspiring views the city has to offer and providing a dramatic edition to Vancouver’s unique downtown skyline.

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