Trump in JC

From the New York Times:

Maids, Spas and Sweeping Views
By ANTOINETTE MARTIN

WHILE virtually all signs point to a housing market gone limp, sales at two opulent projects in Hoboken and Jersey City indicate that there is still vibrancy at the very high end.

At the 55-story Trump Plaza condominium tower rising in Jersey City, more than 100 of 445 units priced from $425,000 to more than $2 million were sold in the first 10 days. At the W Hotel under construction beside the Hudson River in Hoboken, 22 of 36 condos offered at prices from $775,000 to $4.5 million were sold in three weeks.

The Trump building, the first of two planned towers that will be the tallest residential structures in New Jersey, has only dirt, foundation, scaffolding and cranes right now at its site at Washington and Bay Streets, a block from the Exchange Place PATH station. The W, which will be the first of its brand in New Jersey, currently has a similar look at its site on River Street in Hoboken.
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At the Hoboken W, the one-, two- and three-bedroom condos on the top nine floors of the 225-room hotel and the two 26th-floor penthouse units with four bedrooms are all higher than neighboring buildings in the Waterfront Corporate Center, giving them unobstructed views from floor-to-ceiling windows and from balconies.
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The W condos will be ready for occupancy in the summer of 2008, according to Mr. Barry, and the Trump Plaza building is slated to open in late 2007, Mr. Geibel said. Construction of the second Trump tower, which will be 50 stories, will begin once a large percentage of units in the first tower have been sold, Mr. Geibel added.