A new hotel, which was expected to cost $1 billion and will eventually have two floors of retail space, will cost at least $3 billion and be built in New York City.
The proposed Trump International Hotel & Tower will include a 740-room hotel, the tallest building in the United States.
The hotel will be owned by a New York developer.
It will also include apartments, a restaurant, retail and parking.
The project was originally proposed in 2016 and was projected to cost as much as $3,000 per square foot, according to a Bloomberg report.
The developer told Bloomberg that the project will have about 100 percent of the space occupied by retail, including a flagship store at the top of the tower.
The report also said that the developer planned to use “multiple sources of financing” to finance the project.
Bloomberg reported that the hotel will include at least one restaurant, which would be owned and operated by a group of restaurants.
The restaurant group is known as the Trump Restaurant Group, and the restaurant group includes the popular West Side, according the report.
It also said the hotel would feature a spa, golf course and other amenities.
Trump, who has been in office for less than a year, is the first president in U.S. history to have a hotel built in the U.K. and Ireland.