Trump Organization

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Trump Organization
TrumpInternatioanl-NYC-Logo.gif
Established 1974
Website Trump Organization
Corporate Address (Headquarter)725 Fifth Avenue, New York City, New York 10022, U.S.A.

Trump Organization started as a family business led by Fred Trump in 1934 and was expanded into a conglomerate by Donald J. Trump in 1980s as the umbrella company for all of his real estate operations and corporate affiliates. In addition to the numerous luxury residential real estate developments in New York City, the Trump Organization also holds superior office buildings, hotels, casinos, golf courses, recreational facilities, a modeling and talent agency and an international beauty pageant organization. In 2003, the Trump Organization's sales record is approximately $8.5 billion[1].

Contents

Trump Family and Businesses

The business of the Trump family started from Fred Trump, a successful real estate developer who operated affordable rental housing via large apartment complexes in New York City. Fred Trump built approximately 300 houses in the New York City borough of Queens during the Great Depression and successfully revived the Brooklyn housing business in 1934. Fred Trump established Elizabeth Trump & Son, the predecessor of the Trump Organization[2].

Fred Trump's son, Donald Trump, took the presidency of Elizabeth Trump & Son and renamed it as the Trump Organization in 1974. Currently, the Trump Organization is owned and managed by the Trump family with Donald Trump as its CEO and three of his eldest children, Donald Trump, Jr., Ivanka Trump, and Eric Trump, serving as Executive Vice Presidents (EVP) within the organization.

Donald Trump

DonaldTrump.jpg

Donald Trump, Sr. (June 14, 1946 - ) is the current chairman and president of of the Trump Organization and the founder of Trump Entertainment Resorts. He has become a well-known celebrity, ranked No. 14 on the 2012 Forbes Celebrity 100 list, due to his extravagant lifestyle, outspoken manner, and role on the NBC reality show The Apprentice. Donald Trump has been in the center of many controversies, such as:

  • In 2006, Donald Trump bought the Menie estate in Balmedie, Aberdeenshire, Scotland announcing that he intended to create the best golf course in the world. However, this project had led to controversy and opposition was voiced by environmentalists.
  • In December 2006, talk show host Rosie O'Donnell criticized Trump's lenience toward Miss USA, Tara Conner, who had violated pageant behavioral guidelines. This sparked a tabloid war between the two celebrities that lasted for several weeks thereafter.
  • On April 7, 2011, Trump said he was "not satisfied that Obama had proven his citizenship" in an NBC-TV interview broadcast, which suggested his continuous critiques of Obama.

Representative Buildings by the Trump Organization

The Trump Organization is renowned for its luxury real estate super-brand, and is responsible for many of the world’s most recognized developments. Trump is renowned for its leadership in real estate development, sales and marketing, and property management representing the highest level of excellence and luxury in residential, office, and retail properties. Some representative buildings by the Trump Organization include[3]:

Trump Tower, 721 Fifth Avenue, New York City, NY

Trump Tower is a concrete core and shear-wall structure reaching 68 stories overlooking New York's storied 5th Avenue. A few short blocks from Central Park, the building strikes an impressive visage to those nearby which is accounted for by the unique architectural features of the building that allowed for a taller building than would otherwise be permitted in the space.

Trump World Tower, 845 United Nations Plaza, New York City, NY

While admired by many for its sleek and slender design, Trump World Tower was not met with enthusiasm by many of its neighbors. Quite the opposite, as the proposed building was vehemently contested by several high profile residents of neighboring buildings, including Walter Wriston, James Ivory, Alberto Vilar, and William H. Donaldson. Perhaps the most famous of the protesters was Walter Cronkite who derided the proposed building in the press, defending the protesters as “more less-than-wealthy folks who are sharply offended by the unnecessary grossness of this project.” Many of the protests stemmed from the building’s height as it would dwarf the neighboring United Nations complex, not to mention restricting many prized views of buildings around it.

Trump International, 1 Central Park West, New York City, NY

The Trump International Hotel & Tower was originally built in 1969. The building was designed and built as the head offices of Gulf + Western at the insistence of CEO Charles S. Bluhdorn. Gulf + Western, which had since the 1950s been a major conglomerate, was eventually stripped down to its most successful subsidiary, Paramount Pictures. With the 1994 sale of Paramount to Viacom, the tower was no longer necessary for corporate operations and was sold in 1995 to New York City real estate baron, Donald Trump. Trump substantially re-built the building for conversion to the eponymously titled Trump International Hotel & Tower, or more simply as Trump International.

The Plaza, 768 Fifth Avenue, New York City, NY

The Plaza on Fifth Avenue is arguably one of the most recognizable and famous condominium buildings in the world. An almost even mix of private residences and hotel suites, The Plaza is of vital historical importance to New York City and to popular culture in general. Ownership of private suites only began in 2008 but since then, the 181 owners of suites at The Plaza can rightfully lay claim to owning one of the rarest and most valuable condominium suites in the world.

Trump Palace, 200 East 69th Street, New York City, NY

Trump Palace stands at 55 stories in the heart of the Upper East Side. Found within the region's popular and diverse Lenox Hill area, the building is an icon that easily stands out from the rest. Completed in 1991 at the height of an anti-skyscraper movement in New York City, this building stands as a testament to the developer's creativity, will-power and communication skills. Its unique appearance, accounted for by both its brick facade and interpretation of modernist architecture, has made this a popular building at the core of a vital neighborhood.

Other Buildings by the Trump Organization


References

  1. The Trump Organization, FundingUniverse
  2. Fred Trump, Wikipedia
  3. Real Estate Portfolio, the Trump Organization
  4. Trump Grande Sun Isles, the Trump Organization
  5. Trump International Hotel & Tower@Chicago, the Trump Organization

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