Business
Trump Tower Tbilisi Launches, Anchoring a $2bn Archi-Led Development
September 22, 2026
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The Trump Tower Tbilisi project staged its global launch in the Georgian capital in mid-September, with Prime Minister Irakli Kobakhidze attending, marking the formal start of what its developers describe as a roughly $2 billion investment programme.
The scheme is led by Archi Group, one of Georgia's largest residential builders, working with the Trump Organization under a branding and licensing arrangement. The tower itself is planned at 70 storeys, which would make it the tallest building in the country. The wider masterplan covers approximately 600,000 square metres.
More than a tower
Ilia Tsulaia, founder and chairman of Archi's supervisory board, has framed the project as a district rather than a single building. The surrounding territory is planned to include restaurants, cafes, high-end retail, an office complex and hotels, with the architecture firm Gensler engaged on delivery. Tsulaia has said negotiations with international hospitality and dining brands are under way and that some agreements are already signed, to be announced in stages.
The Wall Street Journal has reported the residential tower component at 70 storeys, developed in partnership with local developers.
Why Georgia
The commercial logic runs through Georgia's real estate cycle. Tbilisi and Batumi have absorbed sustained residential demand, and the market has drawn several very large foreign commitments in recent years — most visibly the Eagle Hills development, previously reported as the single largest foreign investment commitment in Georgian history.
Georgia also offers a straightforward regulatory environment for development, low property transaction friction and a currency that has appreciated against the dollar over the past year. Set against real GDP growth of 6.9% in the second quarter, the demand case for premium residential stock is not implausible.
The risks are the usual ones
Projects of this scale are announced far more often than they are completed, and the gap between a launch event and a topped-out tower is measured in years. Three specific risks apply here.
The first is absorption. A 70-storey luxury tower plus 600,000 square metres of mixed-use space is a large volume of premium product for a city of Tbilisi's size, and pricing will depend heavily on foreign buyers.
The second is financing. The $2 billion figure covers the full masterplan including the surrounding district, and the capital structure behind it has not been disclosed in detail. Phased delivery will depend on phased funding.
The third is political. Georgia's relationship with Western institutions has been strained, and international investors have flagged political risk even while praising the country's growth record. A high-profile branded development is more exposed to that dynamic than an anonymous one, in both directions.
For now, the signal worth recording is that a project of this size chose Tbilisi at all — and that the Georgian state turned out at prime ministerial level to say so.
