Trump Company plans to build Trump Tower in Tbilisi
The Trump Organization and its partners plan to build a new skyscraper in Tbilisi, Georgia, the Wall Street Journal reported on Saturday, Reuters reports.
The 70-story building, "Trump Tower Tbilisi", will be a mixed-use project that would be the tallest building in the capital of Georgia, the report said, citing a representative of the Trump Organization’s partners on the project.
Reuters could not verify the report. The Trump Organization did not respond to a Reuters request for comment.
The Tbilisi tower would include luxury residences, retail and hotel-style amenities, the report said.
It is being designed by the architecture firm Gensler and backed by a consortium that includes Georgia real-estate firm Archi Group and Biograpi Living, which is part of a Georgian conglomerate, according to the WSJ.
Trump's family business, known as the Trump Organization, announced in January the president's investments, assets and business interests would be held in a trust managed by his children and he would play no role in day-to-day operations or decision-making.
As a beneficiary of the trust controlling the Trump Organization, Trump will have access to the income generated by these ventures when he leaves office.
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