Trump Tower project presented in Georgia: investment in the complex will amount to $2 billion

A visual design for the 62-story skyscraper will be presented shortly.

The Trump Tower Tbilisi project was presented in Tbilisi—a skyscraper that is expected to become Georgia’s tallest building and the centerpiece of the large-scale The Downtown Tbilisi complex. Total investment is estimated at approximately $2 billion.

The son of U.S. President Donald Trump, Eric Trump, executive vice president of The Trump Organization, participated in the ceremony remotely.

Georgian Prime Minister Irakli Kobakhidze said that implementation of the project would create about 600,000 square meters of modern space in central Tbilisi and enhance the country’s economic and tourism appeal.

“A $2 billion investment and 600,000 square meters of modern space in central Tbilisi will create a new reality for the country, with exceptional economic and tourism appeal,” Kobakhidze said.

Trump Tower will be the centerpiece of The Downtown Tbilisi complex, which is planned for construction in the Saburtalo district. It will include six high-rise buildings with residential, hotel, office, and retail space, as well as restaurants and entertainment venues.

According to Kobakhidze, Trump Tower will have 62 floors and stand 280 meters tall. Construction of the tower is scheduled for completion in 2031, and the entire complex by 2033. Trump Tower will have an area of approximately 100,000 square meters, and construction costs will exceed $200 million.

The skyscraper’s architectural concept is being developed by the international firm Gensler. The project is being implemented on a site previously acquired from the foundation of billionaire Bidzina Ivanishvili, the founder of the ruling Georgian Dream party.

Trump Tower will target the premium segment. The starting price for apartments is expected to be around $7,000 per square meter, reaching up to $10,000 on the upper floors. Developers expect to attract most buyers from abroad.

Meanwhile, the project has drawn criticism from the Georgian opposition. Saba Buadze, a former member of the Tbilisi Sakrebulo, claims that the construction of six skyscrapers will seriously damage the green zone in Saburtalo.

According to him, of the 12,245 trees located on the site, only 334 are listed as not subject to transplantation. Buadze fears that a significant portion of the rest will be cut down or will not survive transplantation. He also claims that the project has been challenged in court for about three years.

The Wall Street Journal also took note of the project in a broader political context. The newspaper notes that during Donald Trump’s first presidential term, The Trump Organization refrained from new overseas deals in order to reduce the risks of conflicts of interest. After his return to the White House, this voluntary restriction was lifted.

According to the WSJ, Trump’s revenue from overseas real estate brand-licensing agreements rose from $45 million in 2024 to $59 million last year. The White House rejects suggestions of a conflict of interest and says that the president is acting solely in the interests of the people of USA (N).