Reports show that the building on 5th Avenue, New York City is struggling to retain tenants.
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Trump Tower is one of the most iconic properties of the President of the United States, Donald Trump.
The gleaming skyscraper was built in 1983 as “a world-famous monument to Trump’s great vision” and displays his name on one of New York City’s most famous streets.
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The tower was once known as a glamorous symbol of the skyline in the lavish US city, which brought Trump $300 million in revenue from apartments where the world’s most famous people lived. . But over the past few years, the tower has been overshadowed by federal investigations into Trump’s presidential election campaign, and violent protests.
Last week, Bloomberg reported that the tower is in a rather strained state, as it struggles to retain tenants, with its commercial occupancy rate having just dropped to 84% from nearly 100%. %.
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The tower was completed in 1984 after Mr. Trump, then a rising real estate mogul, aspired to build a super luxury building, the first high-end property with shops. retail, office and luxury housing in the United States.
Although the building is advertised as 68 stories, city records show it has only 58 stories. Trump counts the lobby and store as 10 additional floors, with tenants staying on the 30th floor or higher.
Trump also lived in the building on the 26th floor.
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The building is one of the first symbols of Trump’s desire for a massive real estate empire, which will include hotels and a golf course bearing his name.
Since opening, the shops at the tower have become active monuments to the Trump brand, offering food and merchandise, under the label of his name.
Before becoming president in late 2016, Mr. Trump was still living in the tower, with teams of media and fans regularly waiting in the marble lobby to greet Trump and seek information about the events. President’s meeting .
The tower also allows visitors to visit and travel. After security screening, tourists can purchase souvenirs in the Trump Store.
A Starbucks on the second floor above the lobby is also open to the public.
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Although there are many controversies such as Mr. Trump often oppressing stores, this place is still one of the most famous places in the city.
Visitors can also dine at the famous Trump Grill, which has been at the center of several scandals since Trump became president.
Business Insider previously reported that there were strong complaints about the grill (or grille) at the restaurant, as well as the nearly $20 cocktails to President Trump’s famous Taco bowls.
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Above, from the 30th to the 68th floor is the tenant’s residence.
Mr. Trump’s family also owns a lavish penthouse apartment, occupying the top three floors. This is also considered one of the most expensive apartments that the president has owned in recent years.
This apartment is also famous for being where President Trump held a meeting with Japanese Prime Minister, Shinzo Abe to enjoy a wonderful dinner and discuss the relationship between the two countries.