Donald Trump: He’s much nicer than you think
By Jonathan Pappas
Donald Trump, chairman of The Trump Organization, paints a very healthy picture for the New York real estate market this year and beyond.
“Everyone wants to be in this city right now,” he says. “Everyone loves investing here.”
Office-to-residential conversions will continue to be a trend in 2014, according to the man whose signature is synonymous with the most prestigious addresses in New York and around the world.
“The whole Wall Street area is going to be hotter than a pistol,” he said.
But the opportunities for residential development are not limited to one borough. “Queens has been very steady, and will continually to be so, especially as you get closer to Manhattan. That’s why Williamsburg and Dumbo are doing well,” Trump said. “It’s all about proximity to Manhattan.”
The developer is also optimistic that the new de Blasio administration will continue the construction boom set in motion by former Mayor Bloomberg. “Mayor de Blasio is going to be a very positive force for New York,” says Donald Trump, chairman of The Trump Organization. “He is going to want to keep that construction momentum going because it creates jobs, encourages education and brings healthcare to people. There is very good heat in the city right now, and it will continue under the new Mayor.”
Trump has built a real estate empire by using his investment instincts and business savvy to navigate the global real estate industry.
“Donald Trump has been a major player in development and redevelopment here for a long time, and has shown extraordinary leadership in New York’s real estate industry,” said Richard Anderson, president of the New York Building Congress. “I think Riverside South is a terrific demonstration of what he has been able to accomplish in this city, taking a former rail yard and working closely with the community and civic leadership to fashion a major residential development. I doubt any other developer could have brought that project to completion.”
Real estate entrepreneur Barbara Corcoran, founder of the Corcoran Group and Shark Investor on the ABC hit show Shark Tank, remembers a time before the Trump Tower opened on 5th Avenue in 1983.
“I would attend real estate conferences with agents from around the country, and they’d look aghast when I told them I sold residential real estate in New York City,” she said. “Trump single-handedly turned the whole image of Manhattan around in the 1980’s when nobody wanted to live in New York.”