Industry News

TRUMP INTERNATIONAL SONESTA BEACH RESORT DEVELOPERS MICHAEL & GIL DEZER

This information provided courtesy of The Trump International
Sonesta Beach Resort

MICHAEL DEZER
The name of Michael Dezer is synonymous with the spirit of community and achievement. Born and raised in Tel Aviv Israel, Michael Dezer immigrated to the United States in 1962 after having served in the Israeli Air Force.

In 1970 Michael Dezer founded Dezer Properties Company, a now prominent New York City commercial Real Estate Company. His vision in identifying Chelsea, as an up and coming district in New York City before other developers, gave him the ability to create a portfolio of the choicest properties there.

Dezer became instrumental in the positioning of the “New Chelsea Image” taking it from a failing fur and manufacturing district to a hub of fashion, creative resources, multinational company headquarters and offices and desirable loft style living spaces.

The Dezer vision has uplifted the Chelsea area into one of the chicest in the city, as well as being the first developer in New York City to convert factory buildings into luxury office cooperatives.

Today the Dezer Properties Company portfolio boasts holdings which include 20 commercial buildings, 8 Commercial coop’s and 1 luxury residential loft condominium, ranging from a 9-story, 50 foot wide building to a 19-story building with over 120,000 square feet. The Dezer Properties of New York’s portfolio is the largest of its kind in Chelsea and currently encompasses more than 1.3 million square feet of rental space.

In 1985, Dezer began to purchase oceanfront property in the Miami area. Today he owns the well-known Dezerland Hotel in Miami Beach Florida, which is situated on over two oceanfront acres, and his holdings in the City of Sunny Isles Beach represent a significant portion of the oceanfront real estate.

Included in his Sunny Isles Beach, Florida portfolio are six hotel properties that overall represent over 25 oceanfront acres and 2000 linear feet of beachfront. In addition to the aforementioned holdings, Mr. Dezer also retains the development rights to additional properties in Sunny Isles Beach that represent over 30 oceanfront acres.

Together with his son Gil, Dezer is currently the developer of The Trump Grande Ocean Resort and Residences, an 11-acre oceanfront enclave that will be home to the Trump International Sonesta Beach Resort, a 32-story luxury condominium hotel (scheduled for completion, October 2002), and two 47-story luxury condominium residence towers, the Trump Palace (scheduled for completion, December 2003) and Trump Royale. (scheduled for completion, April 2004).

Michael Dezer has been a long time supporter of Shmuel Ha Rofe Hospital in Beer Yaakov, Israel. The hospital specializes in geriatric care and Dezer has sponsored various programs within the hospital. Mr. Dezer is also a strong supporter of WIZO. Through his upbringing in Tel Aviv he identifies very strongly with WIZO’s work. Dezer has supported the WIZO NY chapter for young families by being a member and donating the use of Dezerland New York- a 60,000 square foot indoor amusement and event facility, which is part of his New York holdings.

Michael Dezer is married to his wife Neomi for 36 years and resides in Bal Harbour, Florida. The Dezers have 3 children.

GIL DEZER
As the youngest developer of luxury high rise residential and condo-hotel developments in the United States, Gil Dezer and his partners, the internationally renowned Donald J. Trump with Gil’s father Michael Dezer, are forever changing the fabric and value of the South Florida real estate market.

The Trump Grande Ocean Resort and Residences is the largest resort and residential community ever developed in Sunny Isles History. Trump Grande Ocean Resort and Residences features the Trump International Sonesta Beach Resort, a 372-unit condominium hotel; the Trump Palace, a 278-unit, 55-story condominium tower scheduled for completion in mid 2005; and the Trump Royale, a 333-unit, 55 story condominium tower scheduled for completion in December 2006.

The Trump Dezer project currently underway on Sunny Isles Beach represents a $600 million commitment by these three prominent partners that ensures a bright future for every property owner in South Florida.

As Gil puts it, “The top luxury development that we have underway is sending a message to the world that there is an evolution taking place in the South Florida market that is unprecedented and will forever take the perception of our market up several notches.”

Increased property value will guarantee a bright future for all the citizens of South Florida who will benefit from the additional tax revenues that will generate a more beautiful and livable community with better roads and services.”

Furthermore, The Trump Grande project is destined to transform the city, thereby, solidifying Gil Dezer’s stature as one of South Florida’s premiere developers and community minded businessmen.

A native New Yorker, Gil Dezer is now a full-time South Florida resident having come to the area at the age of 18 to attend the University of Miami, where he graduated with a degree in international finance and marketing.

For more information on The Trump Sonesta Beach Resort and its developers, please call Condo Hotel Center at (305) 944-3090 or send an e-mail to info@condohotelcenter.com.