Trump 45% Sold

The Times reports that Tower 1 at Trump Plaza is about 45% sold, or 200 of 440 units. Trump himself has taken to the radio waves in recent weeks, hawking the units with his usual brusque manner.

Trump marketing also has in the past flown airplanes trailed by banners up and down the Hudson River; such sights are common to the Jersey Shore, but usually pushing beer specials and ladies' nights rather than condominiums.

A second tower and enlarged parking deck are planned for the site, but given the current conditions, is more likely delayed.

Downturn Leads Trump to Modify Plans

An NJN report on the Hudson Bergen Light rail mentions in passing that Donald Trump has "modified" development plans due to the downturn in housing. Likely this means delaying the second tower, which seemed fairly self evident.

Peter Mocco, developer of Liberty Harbor North, appeared in the NJN segment, though dodged the question as to the possible effect of a slowing housing market on that development. He did suggest Jersey City may be somewhat more isolated from the rest of the housing slump due to its proximity to New York.