Trump Organization Secures $1 Billion Skyscraper Development Deal in Australia
Gatestone Institute senior fellow Gordon Chang joins ‘Mornings with Maria’ to weigh in on President Donald Trump’s escalating tariff battle with China, mounting Iran tensions, and the high-stakes summit with Xi Jinping.
The Trump Organization has officially signed an agreement to construct a stunning $1 billion skyscraper on Australia’s Golden Coast, as announced on Friday.
This ambitious project, valued at $1.06 billion, will soar 91 floors high in Queensland, Australia. According to the Trump Organization, the skyscraper will feature a luxurious “six-star resort-hotel” that includes 270 apartments, various retail shops, and a beach club, as detailed by local developer Altus Property Group.
“Australia’s tallest building will be a Trump Tower, right in the middle of Surfers Paradise — it’s great for Queensland tourism and fantastic for Australia,” stated Altus. The developer emphasized that while the tower may not carry the Four Seasons or Ritz-Carlton brand, it will prominently display the name ‘Trump,’ signifying a commitment to unparalleled quality and luxury.
TRUMP UNVEILS NEW RENDERING OF SPRAWLING WHITE HOUSE BALLROOM PROJECT
The facade of The Trump Building in the Financial District of New York City, on Nov. 18, 2023. (Mairo Cinquetti/NurPhoto via Getty Images)
According to Altus CEO David Young, the property deal has been in the making for decades. Young revealed that he first reached out to Ivanka Trump about this potential project back in 2007.
This announcement arrives amid ongoing legal battles for the Trump Organization and President Donald Trump, who are suing several banks for allegedly “debanking” their accounts following the events of January 6, 2021.
Last week, JPMorgan Chase Bank acknowledged that it closed the president’s bank accounts in the aftermath of the Capitol riot, a revelation prompted by a $5 billion legal challenge initiated by Trump last month.
TRUMP ADMIN DEFENDS WHITE HOUSE BALLROOM AS NATIONAL SECURITY MATTER
President Donald Trump and first lady Melania Trump walk to board Marine One on the South Lawn of the White House, Dec. 23, 2020. (AP Photo/Evan Vucci)
Trump and his companies were given until April 19, 2021, to transfer hundreds of millions of dollars before the accounts were officially closed. While the bank’s letters did not specify a reason for the closures, Trump’s legal team claims the accounts were “unlawfully closed due to political discrimination” and that they were placed on a “blacklist.”
In a previous filing, Trump’s attorneys noted that he had been a JPMorgan customer for decades, conducting “hundreds of millions of dollars” in transactions through the bank.
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Additionally, the Trump Organization filed a lawsuit against Capital One in 2025, alleging that the bank unjustifiably terminated over 300 accounts belonging to Trump and his family members in 2021. At that time, a Capital One spokesperson stated, “Capital One has not and does not close customer accounts for political reasons.”
Gatestone Institute senior fellow Gordon Chang joins ‘Mornings with Maria’ to weigh in on President Donald Trump’s escalating tariff battle with China, mounting Iran tensions, and the high-stakes summit with Xi Jinping.
The Trump Organization has officially signed an agreement to construct a stunning $1 billion skyscraper on Australia’s Golden Coast, as announced on Friday.
This ambitious project, valued at $1.06 billion, will soar 91 floors high in Queensland, Australia. According to the Trump Organization, the skyscraper will feature a luxurious “six-star resort-hotel” that includes 270 apartments, various retail shops, and a beach club, as detailed by local developer Altus Property Group.
“Australia’s tallest building will be a Trump Tower, right in the middle of Surfers Paradise — it’s great for Queensland tourism and fantastic for Australia,” stated Altus. The developer emphasized that while the tower may not carry the Four Seasons or Ritz-Carlton brand, it will prominently display the name ‘Trump,’ signifying a commitment to unparalleled quality and luxury.
TRUMP UNVEILS NEW RENDERING OF SPRAWLING WHITE HOUSE BALLROOM PROJECT
The facade of The Trump Building in the Financial District of New York City, on Nov. 18, 2023. (Mairo Cinquetti/NurPhoto via Getty Images)
According to Altus CEO David Young, the property deal has been in the making for decades. Young revealed that he first reached out to Ivanka Trump about this potential project back in 2007.
This announcement arrives amid ongoing legal battles for the Trump Organization and President Donald Trump, who are suing several banks for allegedly “debanking” their accounts following the events of January 6, 2021.
Last week, JPMorgan Chase Bank acknowledged that it closed the president’s bank accounts in the aftermath of the Capitol riot, a revelation prompted by a $5 billion legal challenge initiated by Trump last month.
TRUMP ADMIN DEFENDS WHITE HOUSE BALLROOM AS NATIONAL SECURITY MATTER
President Donald Trump and first lady Melania Trump walk to board Marine One on the South Lawn of the White House, Dec. 23, 2020. (AP Photo/Evan Vucci)
Trump and his companies were given until April 19, 2021, to transfer hundreds of millions of dollars before the accounts were officially closed. While the bank’s letters did not specify a reason for the closures, Trump’s legal team claims the accounts were “unlawfully closed due to political discrimination” and that they were placed on a “blacklist.”
In a previous filing, Trump’s attorneys noted that he had been a JPMorgan customer for decades, conducting “hundreds of millions of dollars” in transactions through the bank.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Additionally, the Trump Organization filed a lawsuit against Capital One in 2025, alleging that the bank unjustifiably terminated over 300 accounts belonging to Trump and his family members in 2021. At that time, a Capital One spokesperson stated, “Capital One has not and does not close customer accounts for political reasons.”
