[4][5] In 1974,[6] Robert Armour purchased property at 525 South Flagler Drive[6] in West Palm Beach, Florida.
Although Armour supervised the restaurant's creation and operation, he planned to ultimately build a high-rise residential tower on the property,[7] which was located along the Intracoastal Waterway.
Two other businesses owned by Armour, the Fish Thing restaurant and the Lodge on the Lake, would also be demolished to make room for the new project.
[6] The Plaza would be the tallest building to be constructed along the Intracoastal Waterway,[8] and would also be the largest development project in the city's history.
[11] On October 1, 1981, Perini Corporation was named as the general contractor for the $60 million project, with construction expected to begin a few weeks later.
Armour said the lack of payments was the result of a mix-up involving The Bank of New York, which was expected to pay the company soon thereafter.
[13] In April 1984, after Armour spent several months devising a financial solution, The Bank of New York provided an $81 million loan to the project.
Construction began again on April 30, 1984, with F. Benson & Co. Inc. as the new general contractor; Armour stated that, "Perini and we were unable to work out a mutually satisfactory agreement on terms."
[19] At the end of March 1986, businessman Donald Trump and Chrysler chairman Lee Iacocca toured the property as prospective buyers.
[20] The Bank of New York subsequently purchased the property for $43.2 million at a public auction in July 1986, to obtain the title to the land so it could be sold to a developer.
[3] In May 1988, there were plans to open a 2,000 sq ft (190 m2) store known as Selections, which would be located on the first floor of the property and would offer various amenities to residents.
[1] Notable residents at that time included Eleanor Weinstock, a state senator;[1][22] and Kylene Barker, Miss America 1979.
[1] In September 1990, planning for an auction of the remaining 120 units was underway,[22][25][26] as part of an agreement between Trump and Marine Midland Bank from the previous month.
"[32] Actress Deborah Raffin purchased a three-bedroom unit for $210,000 during the auction,[32] while a penthouse sold for $700,000 to Morry Weiss, the president of American Greetings.
[35] On June 1, 2020, shortly after the George Floyd protests began, management removed the ground floor Trump Plaza signs out of "safety" concerns.
[36] In January 2021, following the United States Capitol attack by Trump supporters, the condominium board voted unanimously to change the legal name.
The condo association president said that the residents preferred a name that was "generic, low-key and didn't attract attention of any kind.
By the time of the proposed name change, a $6 million renovation had been carried out on the property, including the roof, balconies, lobby, and pools.