Trump Plaza Residences is 532 ft tall (162 m) and has 55 floors,[1][2] and is the 7th tallest residential building in New Jersey.
[4] In 1999, plans were approved for HarborSpire,[5] a twin-tower apartment and retail project to be built on the property, which was being used as a parking lot.
[4] The project was to be developed by Vector Urban Renewal, a partnership of David B. Barry's The Applied Development Company (based in Hoboken, New Jersey) and Liberty Center Associates, a group of investors from New Jersey and Florida who owned the land.
The complex was to cost a total of $140 million, and would be built over the following four years, with construction on the second tower beginning once the first one was mostly complete.
[4] HarborSpire did not materialize, although plans for the project were revived in 2004,[8][9] as a joint development between Applied and New Jersey developer Joseph Panepinto, who shortly thereafter sold their rights to the project to Metro Homes, co-founded by Dean Geibel.
[5][10] Trump became involved with the project in July 2005, a month after the two towers were approved for 20-year tax abatements.
By February 2007, 215 units had been sold, while construction had progressed to the 25th floor and occupancy was expected for March 2008.
In May 2010, developer Dean Geibel retained commercial real estate firm William Procida Inc. to assist in finding investors for Trump Plaza II.