Trump's new Apprentice buys condo in boss' space

Real Estate Weekly, Dec 29, 2004

Bill Rancic, who catapulted to fame as star of Donald Trump's "The Apprentice," is Westchester's newest celebrity resident. The 32-year-old executive has signed a contract to purchase a two-bedroom luxury condominium in Trump Tower at City Center in White Plains.

"Trump Tower at City Center offers Manhattan-style living that's priced well below the Manhattan market and it's only 30 minutes from my New York City office," Mr. Rancic noted. "A luxury high-rise condominium in Manhattan with the level of sophistication, convenience and spectacular views of Trump Tower at City Center can easily cost in excess of $2 million, and typically, it offers far less space."

Trump Tower at City Center features spaciously designed one-, two- and three-bedroom residences, priced from $600,000 to $1.6 million. Residents enjoy a full array of luxury amenities, including 24-hour doorman, garage valet parking, a fully equipped state-of-the-art fitness center and indoor and outdoor pools and tennis courts. Residences feature high-end finishes, including hardwood floors, stainless steel appliances and marble bathrooms.

Since opening for sales in October, contracts for 65% of the 212 condo miniums have been signed.

Louis R. Cappelli, who is building Trump Tower at City Center in partnership with Donald Trump, congratulated Mr. Rancic on his purchase.

"We are thrilled that Bill will be among the new residents who have chosen Trump Tower at City Center as their new home. Trump Tower at City Center offers the best in sophisticated, luxury high-rise living with all of the advantages of a Manhattan location, but at a fraction of the cost," Mr. Cappelli said.

Donald Trump praised Rancic for making "an intelligent quality of life decision."

"He will truly have the best of both worlds of living in a world-class luxury residence that is conveniently located in the heart of Westchester, only 30 minutes from Manhattan and five minutes from Trump National Golf Course in Briarcliff Manor," Mr. Trump said.

Since joining The Trump Organization, Rancic has been overseeing the development of the new Trump International Hotel and Tower in his native Chicago. His development and promotional activities bring him to New York frequently and his Trump Tower residence will be his base of operations on the East coast.