The Second Biggest Story to Watch in 2008: Trump Tower Chicago

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The highly anticipated opening of Trump Tower Chicago will finally happen in 2008. The hotel is scheduled to open this spring (if they can get finally figure out those recent permit problems.)  The hotel/condos are also expected to close starting this spring.  The condos in the top of the Tower aren’t scheduled to close until 2009.

Excitement is building about the Tower’s new restaurants which includes chef Frank Brunacci’s Sixteen which will be, surprise, surprise, on the 16th floor.  From TimeOut Chicago:

Big plans for an upscale all-day eatery dubbed Sixteen (for its 16th-floor location) that’s outfitted with 30-foot-high curved windows and a multitiered chandelier of Swarovski crystals. An updated tea service is called “Champagne High,” the wine list is said to be world-class, and the New American menu includes dishes such as quail breast with leg confit, beet puree and cilantro salad.

Big questions remain about this development.

  • Will buyers of the condo-hotel units actually close on their units?
  • How many flips will there be?
  • Will the Donald have any success in selling more of the condos in 2008?

I’m really looking forward to the opening of this landmark building.

Trump Tower Chicago [website]

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