Congresswoman Jackie Speier

Proudly Representing San Francisco and the Peninsula

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Trump Soho Hotel

  • Many buyers were LLCs formed just weeks or days before buying a unit.
  • 77% of units sold to shell companies, 50% of those sales handled by the same lawyer (4 with Moscow addresses)
  • On four of the deeds, the LLC listed Moscow addresses, which were crossed out with a pen.
  • The area was not zoned for residential units: owners of the 391 condo-hotel units were built for owners to live in for 120 days of the year. They could choose to rent out their units for the remainder of the time.
  • Construction had been halted in 2007 due to the discovery of human bones and coffin plates from the Spring Street Presbyterian Church, which was an abolitionist church that had burial grounds on-site. The bones, which came from around 190 people, dated back to the years between 1820 and 1835.
  • In 2008 and 2009, both Ivanka and Donald Trump Jr., who had been involved with Trump SoHo, made statements claiming that the building had sold 55%-60% of its units. However, it was later discovered that only 15%-30% had sold.
  • Around the same time, another lawsuit was brewing. Filed by Bayrock's former finance director, Jody Kriss, it involved the company's then managing director, Felix H. Sater. The lawsuit claimed that funding for Trump SoHo came in from questionable sources in Russia and Kazakhstan, via Sater and the other cofounder, Tevfik Arif.
  • No longer has Trump name (renamed in 2017).