The Top of Trump Towers
Donald Trump a New York based developer topped off the final floor of Trump International Hotel and Tower, a 64-story condo-hotel, Friday morning after 22 months of construction and development behind the New Frontier.
About 200 media members, VIPs and construction workers packed the half-finished lobby of the Trump International to watch while Trump, Las Vegas Mayor Oscar Goodman, Rizzo and project architect Joel Bergman gave the thumbs up to crane operators as an American flag was hoisted 645 feet to the top of the building. The project is not within the Las Vegas city limits, but that didn't stop Goodman from sharing the stage with Trump.
The topping-off ceremony carried all the pizzazz of Trump's celebrity, heightened through his best-selling business books and development ventures throughout the United States that carry his name. Guests were shuttled over to the construction site on buses, but Trump arrived in a stretch limousine.
Ahead of schedule and under the budgeted $600 million the billionaire builder is saving a few dollars on the first of two Trump Towers.
Residences in the first tower, ranging from studios to three-bedroom penthouse suites, sold for $1.3 billion. Sales began on the second tower's 1,280 units in April.
However, rising construction costs will drive up the price of the second tower. The current $1.2 billion price for the entire project is expected to escalate, perhaps as much as 50 percent higher then tower one.
It will still be at least the middle of next year before residents can move in.
Perini not only serves as general contractor on Trump but is also overseeing the building of the $7.4 billion CityCenter for MGM Mirage and the $3 billion Cosmopolitan. Other Strip projects include the $2.1 billion Encore at Wynn Las Vegas and the $1.6 billion Palazzo. Boyd Gaming Corp. expects to break ground next month on the $4.4 billion Echelon.