Vancouver real estate: Is Donald’s name hurting sales? Trump Tower condos have tough time finding buyers

Vancouver real estate: Is Donald’s name hurting sales? Trump Tower condos have tough time finding buyers


 

  • Starting from left, Eric, Ivanka, and Donald Jr. join their father Donald Trump when the family visited Vancouver in 2013.
2 of 2
  • Starting from left, Eric, Ivanka, and Donald Jr. join their father Donald Trump when the family visited Vancouver in 2013.MICHELLE DA SILVA

Perhaps it’s time to dump Donald’s brand.

For years, there had been calls to rename the Trump International Hotel and Tower Vancouver because of controversies involving the now soon-to-be ex-U.S. president.

These have been ignored so far.

Realtor and market observer David Hutchinson wonders if Donald Trump’s name is bad for sales at the residential skyscraper.

 

“Maybe it needs to be Biden Tower,” Hutchinson joked, referring to incoming American president Joe Biden.

Real-estate site Zealty.ca lists seven condo units at Trump Tower at 1151 West Georgia Street that have yet to find buyers.

One example is Unit 3602.

As of today (January 17), Unit 3602 has been on the market for 377 days.

 

The two-bedroom, three-bath apartment was listed by Coldwell Banker Prestige Realty on January 6, 2020 for $2,480,000.

Another example is a sub-penthouse, the most expensive in the list on unsold properties at Trump Tower.

Unit 6705 is priced at $7,980,000. Royal Pacific Realty Corp. listed the property on September 23, 2020.

The sub-penthouse, whose ownership interest is noted by the Zealty.ca site as “First Nations Lease”, marked its 117 days on the market as of January 17, 2021.

Another example is Unit 4303.

Royal Pacific Realty Corp. listed Unit 4303 on July 13, 2020. As of today (January 17, 2021), it’s been on the market for 191 days.

The three-bedroom, three-bath unit has a listing priceof $3,998,000.

Hutchinson, a realtor with Sutton Group-West Coast Realty, noted that the newest listing is for Unit 3706.

Unit 376 came on the market on January 5, 2021. The listing price is $1,198,000.

“Will the building change its name? Does the name hurt?” Hutchinson asked.

The Trump Organization licensed its name to the tower developer, the Holborn Group.

Trump and his family visited Vancouver in 2013.

Promotional image by Coldwell Banker Prestige Realty for a $2,480,000 condo at Trump Tower.Promotional image by Coldwell Banker Prestige Realty for a $2,480,000 condo at Trump Tower.


 
Follow Carlito Pablo on Twitter at @carlitopablo
 

MORE ON STRAIGHT.COM

 

PLACES TO GO

 

Amherst Funeral and Cremation Services

Amherst is the leader in providing simple, affordable and dignified funeral, cremation, burial...

LEARN MORE
 

Vancouver Community College

VCC has been inspiring students to reach their career and educational goals for over 50 years,...

LEARN MORE
 

Hunters Garden Centre

Both Vancouver and Surrey locations are open and you can visit the store to order or buy your...

LEARN MORE
 

Uncle Fatih's Pizza

Uncle Fatih's Pizza has 9 locations across the lower mainland, offering take out and contactless...

LEARN MORE

Attic Treasures

Attic Treasures opened its doors in 1988 and has been a beloved Vancouver destination for...

LEARN MORE

AspenClean

Why AspenClean? We’ve been committed to delivering effective natural home cleaning solutions to...

LEARN MORE
 
 
Comments:
No comments

Post Your Comment:

Categories
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.