The developer, however, rejected the offer through his lawyer, who said Trump's offer is "just a cheap attempt to get publicity and get in the limelight."
Trump seems to have been responding to an Associated Press interview in which one of the developers, Hisham Elzanaty, said he'd be willing to sell.
"Develop it, raze it, sell it," he said.
But Elznaty said he'd be willing to sell for $18 to $20 million -- four times what he paid.
He also said he's already gotten offers for three times what he paid. It would seem an offer of 125%, then, isn't quite enough.