Trump attracted public attention in 1978 with the launch of his family's first

Manhattan venture, the renovation of the derelict Commodore Hotel, adjacent to

Grand Central Terminal. The financing was facilitated by a $400 million city
property tax abatement arranged by Fred Trump,[65] who also joined Hyatt in
guaranteeing $70 million in bank construction financing.[66][67] The hotel reopened
in 1980 as the Grand Hyatt Hotel,[68] and that same year, Trump obtained rights to
develop Trump Tower, a mixed-use skyscraper in Midtown Manhattan.[69] The building
houses the headquarters of the Trump Organization and was Trump's primary residence
until 2019.[70][71]

In 1988, Trump acquired the Plaza Hotel in Manhattan with a loan of $425 million
from a consortium of banks. Two years later, the hotel filed for bankruptcy
protection, and a reorganization plan was approved in 1992.[72] In 1995, Trump lost
the hotel to Citibank and investors from Singapore and Saudi Arabia, who assumed
$300 million of the debt.[73][74]

In 1996, Trump acquired the vacant 71-story skyscraper at 40 Wall Street. After an
extensive renovation, the high-rise was renamed the Trump Building.[75] In the
early 1990s, Trump won the right to develop a 70-acre (28 ha) tract in the Lincoln
Square neighborhood near the Hudson River. Struggling with debt from other ventures
in 1994, Trump sold most of his interest in the project to Asian investors, who
were able to finance completion of the project, Riverside South.[76]

Palm Beach estate

Main article: Mar-a-Lago
In 1985, Trump acquired the Mar-a-Lago estate in Palm Beach, Florida.[77] Trump
converted the estate into a private club with an initiation fee and annual dues and
used a wing of the house as a private residence.[78] In 2019, Trump declared Mar-a-
Lago his primary residence.[71]

Atlantic City casinos