SAN DIEGO- buyers purchased more than $122 million of Trump Ocean Resort Baja, Mexico’s condo-hotel residences, setting a one-day real estate sales record for the country. Priced from the $200,000s to nearly $3 million, the 188 suites sold represented 80% of Phase I of the project. The Trump Baja results come just one month after the one-day, world record $700 million sell-out of Trump International Hotel & Tower Waikiki Beach Walk™. Combined, Baja and Waikiki topped $820 million in luxury residences sold during the two single-day sales events.
Partners in both projects include The Trump Organization, with Los Angeles-based development partner Irongate and sales & marketing firm S&P Destination Properties.
“The success of Trump Ocean Resort Baja has capped off an extraordinary month for our luxury real estate offerings,” said Donald J. Trump. “We’re looking forward to starting construction and creating one of the finest resorts in all of Mexico.”
“Trump will be the first truly world-class resort in Baja,” said Jason Grosfeld, co-founder of Irongate. “The design, architecture and service will be unsurpassed in the region.”
Located just 30 minutes from downtown San Diego, Trump Ocean Resort Baja will be highly distinguishable from other properties in the area. The property will boast a collection of amenities and features found only at luxury resorts, including an owner’s concierge; a lobby bar & lounge; a pool house bar & café; a fine dining restaurant; an infinity edge resort pool; lap and family pools; a spa and fitness center; tennis courts and walking trails.
“As evidenced by Friday’s sales results, Baja is clearly gaining momentum as a destination,” said Sid Landolt, president of S&P Destination Properties. “This is more good news for the resort real estate market. Clearly there’s still a lot of interest and demand for high-end vacation real estate.”
Construction is scheduled to begin in early 2007 with the completion of the first tower anticipated in late 2008. Phase Two is set to be released in early 2007.
For more information about ownership at Trump Ocean Resort Baja, visit www.trump-baja.com, or contact Brendan Mann, Director of Sales, at bmann@sprealestate.com or 866-858-8736.
Donald J. Trump is the very definition of the American success story. In 1980, he established The Trump Organization as the umbrella company for all of his real estate development and other corporate affiliates. He has continually set new standards of excellence while expanding his interests in luxury residential real estate, world-class hotels, office buildings, championship golf clubs, gaming, merchandising and entertainment.
From project development to construction, sales and property management, The Trump Organization and its affiliates have carried out a variety of complex real estate deals.
In addition to being one of the largest developers and property managers in New York, Mr. Trump is currently building residential, hotel and golf club projects in Waikiki, Las Vegas, Chicago, Ft. Lauderdale, Miami Beach, Los Angeles, the Caribbean, Westchester, N.Y. and Bedminster, N.J. He also continues to be active with numerous literary pursuits, charitable organizations and his worldwide number one hit reality television show, The Apprentice.
About Irongate
Irongate is an integrated real estate development and investment company. The Los Angeles-based company blends entrepreneurial creativity, financial discipline, and environmental and cultural sensitivity to each of its development projects. Irongate believes in creating value by being thoroughly immersed in all aspects of its projects from inception through realization, including design and architecture. This philosophy has produced a track record of success for its partners and affiliates. Irongate currently invests in five asset classes: residential, office, retail, industrial and land.
About S&P Destination Properties
S&P Destination Properties is a world leader in the resort and luxury real estate business. The company specializes in the envisioning, design, marketing and sale of the world’s finest real estate. The S&P brand promise is better real estate, better experiences. The vision of S&P is to bring the finest real estate on earth to those that appreciate the irreplaceable experiences that only come with ownership.