Trump Organisation signs deal to build Australia’s tallest tower on Gold Coast
BEN WILMOT and LISA ALLEN - February 23, 2026
After years of false starts, the Trump family is now promoting a scheme on Queensland’s Gold Coast that will see it team up with a local developer to build the country’s tallest residential and hotel tower.
The Trump brand has been linked to properties since the mid-1980s, when Donald Trump made an unsuccessful bid to build and operate Sydney’s first casino at Darling Harbour.
At the height of his celebrity on The Apprentice television show, he promised to fill stadiums in a tour to Australia, which did not eventuate.
Now the Trump Organisation has struck a deal with Queensland’s Altus Property Group to deliver a branded hotel and tower on the Gold Coast, which has been the brainchild of local developer David Young for almost two decades.
Developers weigh in
The planned tower – which first came to light about a month ago, prompting a mix of derision and scepticism – could cash in on the pick-up in the Gold Coast market, which has seen developers such as Melbourne’s Central Equity reignite four-year-old plans to develop a $1bn tower on the glitter strip.
However, others have not been as lucky, with plans by a coterie of developers, including Princess Beatrice’s husband Edoardo Mapelli Mozzi, who was the design partner for the $250m Masthead Ocean Club on the Gold Coast, coming to naught. In fact the project, encompassing 37 levels, went into receivership late last year.
The Trump tower slated for 3 Trickett St has also drawn scepticism from veteran Gold Coast developer Harry Triguboff, Australia’s largest private apartment developer.
In a recent interview, Mr Triguboff questioned reports that President Trump will proceed with plans to develop an oceanfront tower about three blocks from Mr Triguboff’s latest development, Ocean, one of Australia’s tallest towers.
“I could imagine he would like the Gold Coast. It’s the water. It’s very lively, and people are there all the time. That’s what he likes; that would suit him.”
“But I can’t understand where he finds the time to do anything.”
The design vision for Trump Tower
Meanwhile, the tower, at 340 metres in height and 91 storeys, would be taller than the ‘Australia 108’ building in Melbourne by 15 metres if it were built.
Mr Young said that after the signing of the final agreement with the Trump Organization at Mar-a-Lago, the developer was now deeply into a process of design, engineering, construction and fit-out that will cost a shade under $1.5bn and bring the world’s pre-eminent hotel-resort brand to our shores.
The local company said the building would be Australian-owned and Australian-built, and a unit of Altus will decide on the fit-out, in keeping with the Trump company’s design requirements.
“It will be an Australian, not American, project. It won’t have a Four Seasons or Ritz Carlton brand above the front door, but it will say ‘Trump’. And that means it is a no-expense-spared, highest-possible-quality building – the best in the world,” Altus said.
Mr Young said the project went back to 2007 when he cold-called Ivanka Trump, pitching a project that sports six-star luxury.
Mr Young said the Gold Coast hotel would not have gaudy designs but would instead follow the Trump design manual for the properties it is building in Saudi Arabia and elsewhere in the Middle East.
One third of the building is a 6-star resort hotel, overlooking the Pacific Ocean at Surfers Paradise Beach. Another third is residences – 270 apartments – which are likely to start at $5m, with the penthouse prices not yet determined.
The first five floors of the building will be a retail plaza with high-end brands as tenants and will also include event facilities, a beach club and swimming pool – at the fifth storey with amazing views of the Pacific – Michelin-starred restaurants and lavish bars. There will be 24/7 butlers, valet and town car service, beach cabanas, and the famous Trump concierge service for guests and residents.
There are 139 Trump resorts and towers around the world, and this would be the first in Australia.
The project is funded by undisclosed private investors out of Singapore, Hong Kong, the UAE and the US. Altus said they had contributed a mix of debt and equity – in the form of convertible notes – giving it ‘patient capital’ rather than rushing presales if debt came from Australian banks.
https://www.theaustralian.com.au/business/property/commercial/trump-organisation-signs-deal-to-build-australias-tallest-tower-on-gold-coast/news-story/27234a6e682f0b24f207af37fbd9c1cd