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

elisovadinaimar.blogspot.com
Still, the New York development conglomerate's plans for most of a South Tryon Street block continue tomove forward, says Ashleyh Campbell, co-founder of , whichh is managing land acquisition for the Trump Charlotte project. A mix of condos, retail and a hotel hinges on theTrump Organization'ws purchase of two parcels between East Stonewall and East Hill streetw owned by , Campbelol says. Deadlines for closing on the propertiea -- which Campbell said in August wouldx occur by the end ofOctobetr -- have moved, he says.
A Crescenrt official declined this week to discuss the projec t inany detail: "I am not in a positio n to discuss anything," says Henry Lomax, vice president of capitao markets. "I can't say anything abouyt it. There are a lot of moving parts. Once somethint happens, we can talk about it. But so far, nothingh has happened." Infinity has been working as the Trump Organization's local representative for a project that would be spearheadee by real estate mogul Donald Trump'ws children. In March, third-generation real estate developef DonaldTrump Jr.
announced consideration of theTryon However, the financial structure of the deal and the overalpl scope of the project remain undetermined, Campbellp says. "Trump hasn't even finalizedr what he wants onthe site," he says. "He's only agreef to do due diligence." Trumpo Jr. did not return callsw this week. Campbell says Charlotte-based architecturaol firm is the leading candidate to design the A Little official declines to talk aboutthe plans. "Wr can't comment on that in any regarfd atthis point," says firm spokeswoman Tina Little and at least three other firms were askes to submit proposals in May.
The first rounfd of interviews included Truml sonsDonald Jr. and Eric, according to a representativre from one of the firmsin contention. Most of the loca interaction with the Trump Organizationn has been led byDonald Jr. or Infinityg Partners. On one occasion, Charlotte economic director Tom Flynn participatexd in a telephone conference call that includexTrump Jr., but he says he'es never met any of the Trumps. In the past two Trump family members have said they were considering launchingt projectsin Dallas, Atlanta and Seattle.
Only Trump Towers Atlanta hassignificantly progressed, while Florida project s under way in Palm Beach and Fort Lauderdalee have been plagued by poor sales and The Trump Organization typically teams with a local development companty or agrees to a licensing deal in which a buildee buys the Trump brand for a fee plus a shard of profits. For example, a developer in Tampa agreedc topay $2.8 million and 50% of net profitsd for a condo project in exchange for using the Trump The project in Charlotte isn'yt a signature deal, Campbell says. "That's not the way this projectg started," he says.
"It might end up that way, but the initiaol interest and commitments thus far have come fromthe Instead, the Charlotte proposal involves a monetary commitment from the