The property situated at 3 Trickett Street has remained an undeveloped parcel of land since 2013.
This highly desirable real estate lies along the Esplanade, the bustling main thoroughfare that parallels the beach.
The location has seen stalled progress since the demolition of the Iluka Resort.
The company has been notably active in broadening its international presence.
They are planning new ventures in countries such as Saudi Arabia, Oman, Dubai, India, Vietnam, Romania, Qatar, and Indonesia.
However, most of these ventures are not directly owned by the organization but are instead branding agreements. In these deals, developers pay to use the Trump name on their buildings.
The details of the prospective deal have not been made public.
No development application has been made to Gold Coast Council.
In 2016, a proposal was made to build the third-tallest building in Australia on the site.
The building would have had 479 luxury apartments, a rooftop pool and a series of restaurants.
Now all that remains is the basement construction work.
The property was sold for a loss in 2019.
“If I do something in Australia, I’d want to have a partner in Australia,” he told the Australian Financial Review.
But his wealth has exploded since then, especially in his past year as president.
