Associated Press. July 6, 1984. p
The New York Times. Carter, Graydon (May 1, 1984). “The Secret to Donald Trump’s Success”. Flegenheimer, Matt; Haberman, Maggie (March 29, 2016). “With the New York Presidential Primary, the Circus Is Coming Home”. The New York Times. Fernandez, Jennifer (July 27, 2016). “Donald Trump’s 1985 Apartment Looks Exactly How You’d Imagine It”. Haberman, Maggie (October 31, 2019). “Trump, Lifelong New Yorker, Declares Himself a Resident of Florida”. Amanda Julius (July 22, 2010). “In Deed! Art Dealer Expands in Trump Tower; Vanity Fair Articles Editor Buys in Chelsea”. The New York Times.
By August 1983, the construction loan for Trump Tower’s construction had been paid off using the $260 million revenue from the sale of 85% of the 263 condominium units. Despite the destruction of the Bonwit Teller store’s building, the flagship store itself was able to keep operating at the site, having signed a lease for 80,000 square feet (7,400 m2) within the lower-levels’ shopping area. By then, there were forty high-end outfits that had opened stores in the tower. The first residents were set to begin moving in that month. Ninety-one units, representing over a third of the tower’s total housing stock, had sold for more than $1 million.
The Trump Organization built a five-story, 15,000-square-foot (1,400 m2) atrium, which serves as the tower’s main lobby. 590 Madison Avenue’s atrium to the east. Under the POPS agreement, the atrium is supposed to be open to the public from 8 a.m. They were fined $2,500 in 2008 but the counter remained. 10 p.m. seven days a week. Sometime prior to 2008, the Trump Organization removed the public bench and installed a counter selling Trump-branded merchandise in the public space passageway inside the Fifth Avenue entrance.
These included Buccellati, Charles Jourdan brands, Mondi, and Fila. The commercial rents were the highest of any building along Fifth Avenue at the time, with retail space in the atrium costing $450 per square foot ($4,800/m2) per year. By 1986, between 15% and 20% of the tower’s original stores had closed or moved to another location. One writer for Vanity Fair magazine noted that as tenants were evicted from the tower’s atrium due to high rents, several of them sued the Trump Organization for issues such as overbilling and illegal lease termination. Trump said in 1985 that there were more than a hundred stores wanting to move into a space in the tower.
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