The Trump Tower is a towering 58-floor, mixed-use skyscraper at 721–725 Fifth Avenue in the Midtown Manhattan neighborhood of New York City. It is the headquarters for the Trump Organization and a celebrity in its own right. Not too long ago, we reported, the sad state of affairs at the legendary Trump towers as Cristiano Ronaldo, who proudly owned an $18.5 million apartment in Trump Tower, wanted to get rid of it after facing backlash. He even slashed the asking price by $10.75 million, but still, no one was willing to touch it.
On the one hand, they don’t have any buyers, and on the other hand, Trump Tower is suffering nonpayment of rents by multiple tenants. According to a Washington Post report, not one or two but several prominent tenants at Trump Tower are failing at making ends meet owing to the pandemic, which translates into rents not being paid on time. As a result of falling behind on rent, entire floors have been vacated, with some mired in lawsuits.
Among the more notable names that are circulating around for non-payment of dues is Marc Fisher Footwear. The former manufacturer of Ivanka Trump’s shoe line fell behind nearly $1.5 million in unpaid rent. The numbers are understandably in million as the company owed rent for the entire 21st floor and parts of the 22nd floor at Trump Tower. Marc Fisher apparently had not made a rent payment since November 1, 2020.
Another tenant who rented the equally massive 18th floor is suit-maker Marcraft Clothes and is behind by a staggering $644,000 in rent. In better times, Marcraft Clothes ruled the roost with $1,400 Trump-branded suits made famous in the “Apprentice” TV show. Joining the infamous bandwagon is Legacy Business School, once owned by Kris Jenner owed $198,000 in rent as of October 2020. Interestingly, the only ones paying their dues is Trump’s Make America Great Again PAC which pays nearly $40,000 in rent for office space on the 15th floor.
Trump spokeswoman Liz Harrington told The Post, “We are paying market rate for leased office space used to help President Trump build a financial juggernaut to help elect America First conservatives and flip both the House and Senate to the Republicans in the midterm elections.” Not everyone agrees with this statement and purpose. Common Cause’s Paul Ryan told the Post, “He’s running a con. Talking about political expenses — but, in reality, raising money for self-enrichment.”
[Via – Washington Post]
