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Trump Place on New York's Upper West Side loses Trump label - liberal residents cheer

Residents at 'Trump Place' attempt to distance themselves from President's politics and divisive brand

Charles V. Bagli
Thursday 18 October 2018 05:38 EDT
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The Trump Organization is worth one tenth of value previously reported

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Few places in the United States are more staunchly liberal than the Upper West Side of Manhattan. So few things are more galling to many residents of a residential complex there than the big letters that greet them at their building: T-R-U-M-P P-L-A-C-E.

This week owners will join three neighbouring buildings in finally getting their relief.

Workers will pry the letters off the front and back of 200 Riverside Blvd, a 46-story building between 69th and 70th streets. The building will simply be called: 200 Riverside Blvd.

Residents at other Trump-branded condominiums in New York, Chicago and Stamford, Connecticut, have considered taking similar actions since Donald Trump entered the presidential race, but they have been stymied by a lack of support and fears of costly litigation or a drop in the value of their homes. The challenge of untangling the licensing agreements signed with the Trump Organisation has also been an obstacle.

The condominium at 200 Riverside Blvd, however, figured out a way.

The building bought the right to use the Trump name in 2000, paying $1 under a four-page licensing agreement signed by Mr Trump. But the sentiment about having his name over the front door changed during Mr Trump’s campaign. Many residents sought to distance themselves from his politics.

For some, the once-ubiquitous Trump brand, which adorned apartment buildings, hotels, casinos, golf courses, steaks, suits and water, does not have the same appeal it used to have before Mr Trump’s political career.

Eric Chung, a long-time resident of 200 Riverside Blvd whose family owns two units in the building, said he had been concerned about the cost of litigation and the fate of the building’s “great employees.” But after a court decision and a recent survey of the owners in the building, the majority of whom wanted the name taken off, he said that removing the Trump letters “makes a very powerful statement.”

Eric Trump, who has assumed a leading role at the Trump businesses, declined to comment on Wednesday.

In Manhattan, there were 15 residential buildings that bore the Trump name in 2015. The next year, a trio of neighbouring rental apartment buildings just to the south of 200 Riverside Blvd pulled the name off their facades, the lobby rain mats and employees’ uniforms after 300 people signed an online petition titled, “Dump the TRUMP Name.”

“We were driven by our intense feelings about Trump himself,” Linda Gottlieb, a resident at one of the Trump-branded apartment buildings, said in a recent interview. “We would not have stayed in the building, we felt so strongly about it. We just renewed our lease for two years.”

Ailing hotels in Toronto and New York paid the Trumps millions of dollars to remove the Trump name from their properties. The owner of a Trump hotel in Panama used a crowbar to remove the Trump letters.

Business has remained steady or declined at some Trump-branded hotels, as well as at the city-owned golf course, carousel and ice skating rinks operated by the Trump Organization in New York City.

The push to remove the Trump branding from 200 Riverside Blvd began in 2017. In response to concerns raised by some of the 377 condo owners, the condo board began discussions of possibly removing the Trump name from the building’s facade. That February, 63 per cent of the unit holders who responded to an informal poll favoured removing the “Trump Place” letters on the building.

But a month later, Alan Garten, chief legal officer of the Trump Organisation, sent a letter to the board promising a lawsuit if it did, saying the company would seek “significant amounts of damages, costs and attorney’s fees.”

The prospect of expensive litigation with the Trump Organisation scared many residents and a small group vigorously opposed excising the Trump name.

An internal message board for residents showed that division.

“I am adamant that the sign should remain on the building,” a resident wrote. “We bought in the building with it. There is no reason to take it down.”

Another wrote: “Arguably, at one time the Trump name may have contributed something to the value of our apartments. That is clearly not the case today.”

After overcoming some internal divisions, the condo board devised a low-key strategy with its lawyer Harry W Lipman: It would ask the state Supreme Court for a declaratory judgment that it was not required to retain the Trump name under the building’s licensing agreement. The agreement required that the condo maintain the building on par with “super-luxury condominiums,” but it did not mention any requirement that the Trump name remain on the building in perpetuity.

In May, the judge ruled in favour of the condo owners, saying the agreement does not require condo owners “to use the identification ‘Trump’ on the facade of the premises.” She firmly rejected claims by Trump lawyers that the building is required to use the name “in perpetuity.”

Lawyers for the DJT Holdings, a Trump company, vowed to appeal the decision. The deadline for an appeal expired 1 October without any action.

The board conducted a formal poll of condo owners that ended 10 October. Nearly 70 per cent of the condo owners who voted said they wanted to “remove the signage” on the building.

The board estimated it would cost about $23,000 to remove the 20 letters from the building and wash the facade.

The Trump Organisation’s contract to manage the condo building expires at the end of 2019. The building staff works for the condominium, not for the Trump Organization.

Trump apartments in 2017 sold for an average of $1,741 per square foot in Manhattan, or 6.6 per cent less than the average Manhattan condominium, according to CityRealty, an online apartment broker. At Trump Tower on Fifth Avenue, average prices per square foot declined from $3,000 in 2013 to about $2,000 last year.

“Branding your business is a double-edge sword,” said Daniel Neiditch, president of River 2 River Realty in New York. “Being president of the United States is a popularity contest. Fifty per cent of the country loves the guy; 50 per cent hates the guy and what he’s doing with the presidency. That trickles down into real estate.”

The New York Times

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