▁named ▁after ▁Donald ▁Trump ▁and ▁located ▁at ▁ 6 5 ▁Bay ▁Street ▁in ▁Jersey ▁City , ▁New ▁Jersey . ▁It ▁is ▁located ▁adjacent ▁to ▁the ▁Trump ▁Pla za ▁a partment ▁tower , ▁which ▁was ▁completed ▁in ▁ 2 0 0 8 . ▁A ▁second ▁Trump ▁Pla za ▁tower ▁had ▁initially ▁been ▁planned ▁but ▁was ▁delayed , ▁and ▁the ▁property ▁for ▁the ▁proposed ▁building ▁was ▁sold ▁several ▁times ▁during ▁the ▁Great ▁Rec ession . ▁ ▁K ush ner ▁Comp an ies ▁– ▁managed ▁by ▁Trump ' s ▁son - in - law , ▁J ared ▁K ush ner ▁– ▁and ▁New ▁Jersey - based ▁K AB R ▁Group ▁purchased ▁the ▁property ▁in ▁ 2 0 1 1 . ▁Gr ound bre aking ▁for ▁the ▁second ▁tower , ▁Trump ▁Bay ▁Street , ▁took ▁place ▁in ▁May ▁ 2 0 1 4 . ▁The ▁project , ▁built ▁at ▁a ▁cost ▁of ▁$ 2 2 5 ▁million , ▁was ▁opened ▁in ▁November ▁ 2 0 1 6 . ▁ ▁History ▁A ▁ 5 5 - story ▁tw in - t ower ▁a partment ▁project ▁known ▁as ▁Har bor Sp ire ▁was ▁initially ▁planned ▁for ▁the ▁property , ▁located ▁at ▁the ▁intersection ▁of ▁Washington ▁Street ▁and ▁Bay ▁Street . ▁The ▁project ▁was ▁approved ▁in ▁ 1 9 9 9 , ▁but ▁never ▁material ized . ▁In ▁July ▁ 2 0 0 5 , ▁Donald ▁Trump ▁became ▁involved ▁in ▁a ▁new , ▁similar ▁tw in - t ower ▁project , ▁to ▁be ▁built ▁on ▁the ▁same ▁property ▁and ▁to