Friday
July 21, 2017

City government approved the project in 2007, but permission expired

Friday, January 6, 2017

Trump Organization says it has no plans to build BA tower

The intersection of Cerrito and Bartolomé Mitre, in downtown Buenos Aires.
The intersection of Cerrito and Bartolomé Mitre, in downtown Buenos Aires.
The intersection of Cerrito and Bartolomé Mitre, in downtown Buenos Aires.

The Trump Organization has no plans to build in Buenos Aires, a spokeswoman told Reuters news agency on Tuesday, ending speculation a new Trump office tower would soon appear near the landmark Obelisco in the heart of the country’s capital.

The city government said in late November it had declined to authorise a permit to build an office tower linked to the US president-elect, clarifying that developers would have to file new paperwork for it to be reconsidered.

The “Trump Tower” project made international headlines after a local news report that Trump allegedly mentioned the proposed office complex when President Mauricio Macri put in a congratulatory call to him after his November 8 election.

The Macri administration said the report was untrue and that the project was not mentioned during the call. Macri knew Trump from his days working as a businessman but had said before the election he preferred Democrat Hillary Clinton.

“There are no plans to build in Buenos Aires,” said the Trump Organization spokeswoman, who asked not to be named.

Trump, a businessman who has never held public office, has real estate and leisure holdings all over the world, sparking concerns his investments could colour his decision-making after he becomes president on January 20.

He has said he will remove himself from day-to-day business operations before taking office, avoiding potential conflicts of interest by transferring control of his businesses to his three eldest children.

His company pulled out of a hotel venture in Rio de Janeiro last month.

Developers YY Development Group, which built a nearly completed Trump Tower at the Punta del Este resort in Uruguay, told La Nación this week that the Buenos Aires project, at the intersection of Cerrito and Bartolomé Mitre, had been called off for now.

The Buenos Aires city government said in November the Trump project first surfaced in early 2007 when a firm identified as Kubic S.A. filed a building request for a plot of land now used as a downtown parking lot.

The plan was approved, but expired when construction did not begin within a stipulated three-year period, the city's statement said.

Last August, the city said, a firm called Repetto Oeste SA sought to revive the 2007 plan, but the request was not authorized.

Reuters

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