Fate of the project suspended several years ago remains still unclear. The BusinessContract news agency has tried to cast light on Trump Tower construction project in Batumi, Ajara Region.
Silk Road Group, the project implementing company, told BusinessContract that the company continues partnership relations with Trump Corporation for these years.
“Donald Trump has moved to politics, but his company continues operation and negotiations are continued on specific themes. Nothing will change because of Trump’s presidency. The project will be implemented, when it becomes commercially beneficial”, Silk Road Group representatives noted.
Batumi Trump Tower project was developed by famous architect John Fotiadiss. The 47-floor building will comprise apartments with 80 to 700 square meter spaces. Previously, construction works were to start at the end of 2013, but plans were suspended for unclear period. The project’s investment value is 250 million USD.
Project presentation was attended by Donald Trump and ex president Mikheil Saakashvili. Besides Batumi, Trump Tower was be built in Tbilisi too.