skyscrapers as a business strategy trump international hotel and

Skyscrapers as a Business StrategyTrump International Hotel and Tower ChicagoTrump International Hotel and Tower ‐ Chicago

Mr. Eric TrumpMr. Andrew Weiss

The Trump Organization

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Trump International Hotel and Tower

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“High Rise” b ildings s “s per tall” b ildings A “High Rise” buildings vs. “super tall” buildings. A developer’s perspective.

Define “Super Tall” – anything above about 80 stories or 800 feet of occupied space800 feet of occupied space

Some key attributes of the Super Tall:High visibility/profile;“out there” Icon or Albatross – no hiding.High Risk High Risk © CTBUH Copyrig

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Basic Ingredients FeasibilitBasic Ingredients - Feasibility:

Central location, large site Motivation Vision – a need to make a pointMotivation, Vision a need to make a pointA Market for Multiple uses P iti E i O tl kPositive Economic Outlook

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Trump International

2 6 Million SFHotel and Tower

2.6 Million SF

90 Stories

486 Condos

339 Hotel & Spa condo units

42 000 SF Banquet - Rest42,000 SF Banquet - Rest

100,000 SF Retail

Multilevel River-walk Plaza

1000 Car garage© CTBUH Copyrig

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Implementation - Challenges

Entitlements/ZoningComplex Design ProcessFinancinggEconomic CyclesConstruction Business Technology Logistics Construction – Business, Technology, Logistics Marketing multiple productsLong time frame – Phased Occupancy

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Project Timeline Preconstr ctionProject Timeline – Preconstruction2000 – 2001 Preliminary concepts and schemes, select

Project team2002- Oct. 2003 Market studies, Preliminary designs, PUD , y g ,

approval, Preparation for vacating Sun Times building, g,

November 2003 Open sales office, start Condo marketing and salessales

April 2004 Complete schematic design, continue with CD’s© CTBUH Copyright


Project Timeline Constr ctionProject Timeline – ConstructionNovember 2004 Start Demolition of Sun Times Building, lock in

financingJanuary-Nov 2005 Wabash Viaduct reconstructionyMarch 2005 Start caissons for the tower foundationJanuary 2006 Complete foundation and start superstructureJanuary 2006 Complete foundation and start superstructureApril 2007 Superstructure for Parking and Hotel complete

(Fl 29)(Fl 29)© CTBUH Copyrig

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Trump ProgressTrump Progress

November 2005

July 2007

August 2008

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Project Timeline Phased Occ pancProject Timeline – Phased OccupancyJanuary 2008 Phase One hotel opening to 28th Floor

Concrete structure reaches Floor 51, exterior envelope Floor 40.

June –Aug 2008 Phase Two – Low Rise residential occupancy Floors 29-49.

August 2008 Superstructure tops out at 92nd Floor (Roof)Feb to June 2009 Phases for Hi Rise residential occupancy Floors Feb to June 2009 Phases for Hi Rise residential occupancy Floors

51-89. Exterior hoist removal completed.O t b 2009 P j t l tOctober 2009 Project complete.

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Trump Spire ErectionTrump Spire Erection

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Phased Occ panc ElementsPhased Occupancy – ElementsDesign goal: A series of fully functional buildings stacked g g y gon top of each other;

Permanent utilities Permanent utilities Modular life safety systems HVAC, Electrical and Plumbing Lobbies, stairways, elevators Buffer floors© CTBUH Copyrig

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Phased Occ panc ElementsPhased Occupancy – ElementsPlanning Process:g

Local codesPlanning and logistical setupPlanning and logistical setupEarly dialogue with AuthoritiesIdentify key issues of concernAddress concerns in early designy gMaintain Flexibility for unexpected concerns© CTBUH Copyrig

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Implementation Req irementsImplementation Requirements:Construction and logistics;g

Management and OrganizationMeans, methods and logistics Trade contractors involved;Trade contractors involved;Initial (and each subsequent) occupancy requires completed package;Building envelope must eliminate intrusion of water, air, dirt and dust;MEP and FP systems complete and operational by phase;Staircases and fire separation occupied and buffer floors. Special provisions for “hoist” areas of occupied floors;Special provisions for hoist areas of occupied floors;Two separate (Construction and Operations) access and loading areas must be created and security/safety separation maintained;Emergenc proced res and comm nication protocolsEmergency procedures and communication protocols.Liaison and close communications with local authorities

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Trump International Hotel and TowerStaging and Logistics – LL-2

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Trump International

Hoist Phasing Logistics

Hotel and TowerHoist Phasing Logistics

Phase One – Parking Not Used

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skyscrapers as a business strategy trump international hotel and

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