The Trump Organization and an Australian developed have signed an agreement to build what some reports have called "Australia's tallest building."
The Trump Tower will reportedly be a 91-storey building located in Surfers Paradise.
Trump Tower to Rise on the Gold Coast
According to a report by ABC News, Altus chief executive David Young posted a statement online, sharing that the agreement was signed on February 14.
"At 340 metres in height, and 91 storeys, it will outstretch the Australia 108 building in Melbourne by 15 metres and leave every other Australian resort property in its wake when it comes to luxury," Young said in the statement.
"We are now deeply into a process of design, engineering, construction and fit-out that will cost a shade under $1.5 billion and bring the world's pre-eminent hotel-resort brand to our shores," he added.
The building will be located at 3 Trickett Street, Surfers Paradise. The Atlus CEO claims that will have 270 apartments whose prices will "likely to start at $5 million."
A luxury resort, beach club, swimming pool, and restaurants will also be located in the first five floors of the building.
Eric Trump's Statement on Australian Tower
Eric Trump, the son of US President Donald Trump, has also shared his thoughts on the project, according to news.com.au.
"Trump International Hotel Tower, Gold Coast is our first official project in Australia and reflects our unwavering commitment to delivering world-class luxury experiences in iconic locations around the world," the president's son said in a statement.
"This development exemplifies the Trump brand's dedication to quality, sophistication, and unmatched service and we are thrilled to bring this vision to the vibrant Gold Coast community," he added.
As of press time, it has not been revealed when the construction of the tower is expected to be complete. Construction is expected to begin this year.
Originally published on ibtimes.com.au
