A luxury real estate venture in which President Donald Trump's youngest son, Barron Trump, is a part, will not be restarted, one of his partners in the project said.

The New York Post first reported that Trump Jr. planned to launch Trump, Fulcher & Roxburgh Capital Inc. with two business partners, Carter Fulcher and his former high school friend Cameron Roxburgh.

The company was incorporated in Wyoming on July 15, 2024, according to business documents reviewed by Fox Business. The company was dissolved shortly after the Nov. 14, 2024, election, the filings show.

“For the time being, the company will not be reopening,” Roxburgh told FOX Business.

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Barron Trump, son of President Trump, during a campaign rally at Trump National Doral Golf Club on July 9, 2024 in Miami, Florida. Young Trump reportedly started his own real estate venture. (Eva Marie Uzcategui/Bloomberg via Getty Images/Getty Images)

The company reportedly plans to focus primarily on high-end real estate projects, including golf courses and properties in Utah, Arizona and Idaho.

According to business records, the business is listed as its principal address at Mar-a-Lago in Palm Beach, Florida.

Roxburgh previously told Newsweek that the facility was temporarily shut down to avoid media attention surrounding the election. However, when FOX Business reached Roxburgh for comment, he said the company would not be restarting.

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Trump Building at 40 Wall Street in the Financial District on Thursday, February 22, 2024 in New York City, USA. (Getty Images/Fox News)

Fulcher, a luxury real estate expert whose family runs a prominent real estate firm in Idaho, was the third partner in the venture. Fulcher is also the cousin of U.S. Representative Russ Fulcher, Republican of Idaho.

FOX Business reached out to both Fulchers for comment.

President Trump He followed in his father's footsteps when he took over a residential real estate company in 1971. This came before Trump launched numerous luxury high-rises, hotels and casinos and solidified the Trump brand.

Construction continues on the Trump International Hotel on Pennsylvania Avenue in Washington, D.C. as the hotel prepares to open to the public on Monday, September 12, 2016. (Bill Clark/CQ Roll Call/Fox News)

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Days before Trump Jr. launched his venture, his brother Eric Trump also incorporated an undisclosed company, ET Talks LLC.