Columbus Circle was redeveloped in the late 1950s and the 1960s. The renewal of Columbus Circle had been spurred by the development of the New York Coliseum in 1956. The developments had included the construction of 2 Columbus Circle; renovation of storefronts at 240 Central Park South; and new buildings on Broadway between
59th and 68th Streets, just north of Columbus Circle.
Gulf and Western Building Planning and construction In March 1965, developers Hyman R. and Irving J. Shapiro of the company Forteyn announced their intention to develop a building at 1 Central Park West, The building would have contained , with on each floor, supported by the original foundations of the low-rise structure there. The Shapiros also relocated four existing tenants of 1 Central Park West into a nearby building they owned. Demolition of the site was completed in early 1966. Architectural critic
Ada Louise Huxtable regarded the plans as "ludicrous", regarding it as a cross between bow-shaped structures like the
Phoenix Life Insurance Company Building in
Hartford, Connecticut, and circular towers such as
Marina City in
Chicago. According to Huxtable, "The reasoning here seems to be that ... New York can go two cities one better by building both, one on top of the other". Forteyn was unable to proceed with construction because it could not get financing for the project. Gulf and Western planned to take the top portion of the new building; it also planned to expand into the lower stories in the future. At that time, Gulf and Western increased its space requirements in the new building from 13 to 22 stories. Construction was almost completed by late 1969, but the elevators had not been installed. The elevator-installation workers went on strike in June 1969 and continued their strike for at least four months. As a result, other workers were forced to walk up to their respective floors, leading the city to halt work because workers would not be able to evacuate quickly in an emergency. with the Paramount Theater opening in the basement that June. the tower's first lessees included accounting firm Seidman and Seidman. During the early 1970s, an awning flew off during a high wind, and a man shot out windows in the Top of the Park restaurant, though no one was killed or seriously injured in either case. A rooftop antenna was installed at the Gulf and Western Building in 1975 to test the
Westar satellite system for
satellite television. The tower was also damaged in a February 1977 bombing committed by the Puerto Rican nationalist group
Fuerzas Armadas de Liberación Nacional Puertorriqueña (FALN), but no one was killed or injured. The Gulf and Western Building was owned by billionaire businessman
John D. MacArthur at the time of his death in 1978. In 1980, the skyscraper's management was transferred from Louis Feil to
Cushman & Wakefield. At the time, the tower was owned by
Bankers Life, which in turn was operated by the
MacArthur Foundation. By 1982, the Gulf and Western Building swayed so much in the wind that its core walls and stairwells had developed cracks and workers had complained of nausea. The swaying also disrupted elevator service. Some marble in the lower stories had cracked and was covered in plywood. The following year, the MacArthur Foundation sold the Gulf and Western Building and 17 other properties to First Winthrop as part of a transaction worth over $400 million. First Winthrop also received a $330 million mortgage from the
General Electric (GE) Pension Trust and sold a $336 million ownership stake. First Winthrop and GE tried to refinance the tower in the late 1980s. However, because the building had included asbestos in its construction, a large insurer would not give a loan, as the presence of asbestos was too risky for the insurer. The refinancing was canceled for an unrelated reason.
Restaurant Associates announced in 1988 that it would convert the Top of the Park restaurant into a private banquet facility designed by
Adam Tihany. The same year, the Gulf and Western Building's basement was flooded in a water main break. The building was renamed 15 Columbus Circle in January 1989 when Gulf and Western was renamed
Paramount Communications. By the early 1990s, Paramount occupied 85 percent of the space, taking floors 2–5 and 13–44, while
BDO Seidman occupied another 12 percent. Paramount was scheduled to relocate when its lease expired in April 1995, leaving the space 85 percent vacant. The cost of repairing the windows, removing asbestos, and fixing the structural issues made the building particularly difficult to market; by 1993, no one had made an offer for the structure.
Renovation In March 1994, GE hired businessman and developer
Donald Trump, as well as Galbreath, to renovate the tower with residential units on the upper stories. Trump considered
Philip Johnson,
Frank Gehry, and
Robert A. M. Stern as possible architects for the conversion. Ricker said the building would have to be deconstructed so its steel frame could be repaired. The renovation was to take two years and cost $230 million, with the building being rebranded as the Trump International Hotel and Tower. The work could not begin until Paramount moved out. Just before the beginning of the renovation, Trump replaced the scaffolding that had surrounded 15 Columbus Circle for several years. The renovations began in June 1995, after Paramount moved out.
Barbara Corcoran and
Louise Sunshine were hired as the sales and marketing directors. Corcoran predicted that many of the units would be purchased by Asian investors. In February 1996,
Jean-Georges Vongerichten and
Bob Giraldi signed a lease for the ground-floor restaurant space at the Trump International Hotel and Tower.
Opening and early years The residential units of Trump International Tower opened in April 1996, at which point sales commenced on the hotel units. Marketing brochures advertised the tower as having "the most important new address in the world". This was in part due to what one real-estate agent described as the popularity of Trump's name among international buyers. Trump and his family decided to occupy the penthouse unit of 1 Central Park West. Trump operated a sales office for the tower on Central Park South, with a replica of the tower as well as an eight-minute promotional film. After divorcing his wife
Marla Maples, Trump rented out the penthouse in 1998, and Italian producer
Vittorio Cecchi Gori then purchased the unit. The hotel started accepting guests the following month. According to
New York magazine, only one guest checked in on the first day of the hotel's operation. Though the Trump International Hotel was the first hotel to open around Columbus Circle in several decades, its completion spurred the construction of other nearby hotels like the
Mandarin Oriental, New York, in the then-under-construction Time Warner Center. The tower's conversion, as a whole, also influenced the development of other projects around Columbus Circle and in the western portion of
Midtown Manhattan.
21st century While Trump did not own the building, he received a large payment from GE Pension Trust for its development, as well as a portion of profits from the sale of the condos. Despite his name being on the building, he only operated the restaurant, stores, and rooftop. By 2005, the Trump International Hotel and Tower had the city's most expensive rental apartment, a four-bedroom unit offered at $55,000 per month. Among the units sold at the tower was an apartment that, in 2007, was sold for $18 million and resold on the same day for $21 million. In mid-2009, the tower's penthouse was sold at auction for $18 million as part of a foreclosure proceeding against Cecchi Gori; at the time, it was the largest foreclosure auction in Manhattan. The
Trump family announced in November 2009 that it would renovate the 167 hotel rooms over the following year. The work was to be conducted in two phases: half of units would be renovated from January to April while the other half would be renovated from June to September. The Jean-Georges restaurant was renovated the same year to designs by
Thomas Juul-Hansen. Following that, Juul-Hansen designed a renovation for Nougatine in 2012. After the
2016 United States presidential election, in which Trump was first elected U.S. president, the hotel became the site of occasional
protests against
his administration. By the late 2010s, residential units at the Trump International Tower were selling for over , less than units in newer skyscrapers on nearby
Billionaires' Row such as
432 Park Avenue and
One57. In June 2019, several condo owners demanded that the property be known simply by its address because the Trump name was diminishing the value of the building. While the condo board ultimately voted to keep the "Trump International" name for the residences, they also agreed to renovate the marquee on the Central Park West side of the building. As a compromise proposed by Trump's son
Donald Trump Jr., the sign on the marquee was changed to display Trump's name on the left and the building's address on the right. An analysis, publicized in February 2024, found that the average per-square-foot cost of a condominium at the Trump International Hotel and Tower had declined since 2016, although Trump's son
Eric Trump disputed the findings. == Critical reception ==