Trump Ocean Resort Baja Mexico
|Trump Ocean Baja Mexico The Spa Tower|
|Location||Playas de Tijuana, Tijuana|
|Roof||98 metres (322 ft) (projected)|
|Design and construction|
|Developer||The Trump Organization and Irongate|
It was initially announced in 2006 as a joint venture between the Trump Organization and Los Angeles-based real estate development company Irongate. Investors were led to believe that Trump CEO Donald J. Trump was personally supervising the entire project; Trump's daughter Ivanka stated that the elder Trump was "involved in every capacity."
This was the second Trump-Irongate joint venture, and followed the more successful Trump International Hotel and Tower (Honolulu) venture.
The project was to be a 3 tower, 25 story, 526 unit condo-hotel.
In late 2008, with the project experiencing delays and cost overruns, Trump removed his name from the development.
In early 2009, The Associated Press reported that the project had collapsed financially; investors who had put down deposits on the project condos faced a total loss of their investments (typically $200,000 - $300,000 per person). After its collapse, Trump (whose videos promoting the development had been shown to potential investors) suddenly claimed that he had been little more than a spokesperson for the entire venture, and disavowed any financial responsibility for the debacle.