<P> By 1986, between 15% and 20% of the tower's original stores had closed or moved to another location . 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 / m) per year . 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 . </P> <P> The residential units were more successful, and 95% of the condominiums were sold in the first four months after it opened, despite their high prices . The cost of condominiums at the tower started at $600,000 and ranged up to $12 million, and the penthouse was sold for $15 million in 1985 . The tower attracted many rich and famous residents, including Johnny Carson, David Merrick, Sophia Loren, and Steven Spielberg . At least one unidentified resident, who lived on the same floor as Johnny Carson, built a private swimming pool in their unit . In total, Trump received $300 million from the sale of the condominiums, which more than offset the $200 million cost of construction . However, by 1991, Trump was already involved in lawsuits against residents: in October of that year, he successfully sued actor Pia Zadora and her husband, businessman Meshulam Riklis, to collect $1 million in unpaid rent . </P> <P> The flagship Bonwit Teller store remained as one of Trump Tower's retail offerings until March 1990, when its parent company declared bankruptcy and closed the Trump Tower location . In July of that year, Galeries Lafayette announced that it would sign a 25 - year lease to move into the space previously occupied by Bonwit Teller, a move that expanded its business to the United States while helping Trump pay off the debts incurred by the tower's construction and operation . The new store opened in September 1991 after a $13.7 million renovation, but was unprofitable and lost a net $3.6 million in the first year alone because it had only made $8.4 million in sales . Galeries Lafayette announced that it would be closing the Trump Tower location in August 1994, less than three years after it opened, due to its inability to pay the $8 million annual rent and taxes . However, critics cited other factors, including the decision not to include merchandise from top French designers as the company's French locations had done . </P> <P> The Galeries Lafayette store was replaced with a Niketown location . By this time, most of the high - end retailers had moved out of Trump Tower, having been replaced with more upper - middle - class outlets such as Coach and Dooney & Bourke . The Niketown store still remained in the tower as of the 2016 election with a lease at that location until 2022 . Nike also leased some space at 6 East 57th Street next to the tower, but in November 2016, it signed a $700 million contract for a new retail space a few blocks south, having intended to move out of 6 East 57th since 2013 . During and after the election, there were petitions to relocate the Niketown store, created by advocacy organizations who opposed Trump's election . </P>

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