▁be ▁known ▁as ▁Trump ▁Pla za . ▁ ▁The ▁first ▁Trump ▁Pla za ▁tower ▁was ▁completed ▁in ▁ 2 0 0 8 . ▁The ▁originally ▁planned ▁second ▁tower ▁was ▁delayed , ▁and ▁the ▁property ▁for ▁it ▁was ▁ultimately ▁sold ▁several ▁times ▁during ▁the ▁re cess ion . ▁Morgan ▁Street ▁Develop ers ▁Urban ▁Ren ew al ▁Company ▁L LC , ▁a ▁partners hip ▁of ▁K ush ner ▁Comp an ies ▁and ▁New ▁Jersey - based ▁K AB R ▁Group , ▁purchased ▁the ▁property ▁out ▁of ▁forec los ure ▁in ▁April ▁ 2 0 1 1 . ▁K ush ner ▁Comp an ies ▁was ▁managed ▁by ▁Trump ' s ▁son - in - law , ▁J ared ▁K ush ner . ▁ ▁In ▁April ▁ 2 0 1 4 , ▁the ▁city ▁council ▁approved ▁a ▁five - year ▁tax ▁ab at ement ▁for ▁Trump ▁Bay ▁Street , ▁the ▁second ▁phase ▁of ▁the ▁Trump ▁Pla za ▁project . ▁Trump ▁Bay ▁Street ▁was ▁designed ▁by ▁De W itt ▁T ish man ▁Arch itect s ▁and ▁Hum ph re ys ▁and ▁Part ners ▁Arch itect s . ▁The ▁structure , ▁located ▁one ▁block ▁east ▁of ▁Trump ▁Pla za , ▁was ▁designed ▁to ▁res emble ▁its ▁tw in ▁tower . ▁ ▁Const ruction ▁Gr ound bre aking ▁for ▁the ▁second ▁tower ▁was ▁held ▁on ▁May ▁ 1 4 , ▁ 2 0 1 4 . ▁The ▁ 5 0 - story ▁tower ▁was ▁to ▁have ▁ 4 4 7 ▁a partment ▁units , ▁and ▁was ▁expected ▁to ▁take ▁approximately