Donald Trump’s newest business partner is assuring Australians that the Trump Tower he’s building Down Under won’t be nearly as tacky as they fear.

On Monday, David Young—who runs the Queensland-based Altus Property Group—announced that the $1 billion Gold Coast development would contain 91 floors, 270 apartments, and a “6-star” resort. It will briefly be the continent’s tallest building, though a neighboring property, already approved for construction, will quickly surpass it. Young said his deal with the Trump Organization was signed earlier this month at Mar-a-Lago.

It’s just the latest foreign business entanglement from the Trump Organization, which is run by Eric Trump and Donald Trump Jr. but is still owned by the........

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