Colonial Bank is now the owner of the vacant 1.5 acre property in downtown Tampa that was scheduled to become Trump Tower Tampa. On June 24th a Hillsborough County Circuit Court Judge awarded Colonial Bank more than $5 million from SimDag/RoBEL LLC and other defendants involved in the failed 52-story luxury condominium project. SimDag/RoBEL bought… Read More
Judge Oks Trump Tower Foreclosure
A Tampa bankruptcy judge has ruled that Colonial Bank can proceed with its foreclosure against the riverfront project in Tampa. Trump Tower was going to be the areas tallest skyscraper with million dollar plus condos, but couldn’t get fianancing. The bank is owed $3.5-million by developer SimDag LLC, who filed for bankruptcy in 2008, halting… Read More
Trump Tower Tampa Suit Final – No Deal
Donald Trump has settled his lawsuit with SimDag, developer of Trump Tower Tampa, officially ending the relationship between the two. The mediation gave neither side everything it wanted. Details have not been released. Trump sued in May 2007 to recover more than $2-million in licensing fees for the right to use Trump’s name on the… Read More
Trump Tower Developer Files For Chapter 11
On Tuesday, SimDag filed for Chapter 11 bankruptcy protection in Tampa. 3 years ago York tycoon kicked off sales for his namesake, a 52-story luxury condominium tower at 111 S Ashley Drive in Tampa.SimDag would build the 190 units by licensing Trump’s name. But as SimDag failed to get a $200-million loan, the condo market… Read More
