Yup, but causes trouble if you believe public use clause cannot involve transfer of private property to other private individual.
Technically this would mean for the public entity to force-buy it then sell it to the private entity, which in turn is expected to somehow improve the community.
That is easy to abuse, so easy that most states reined in their eminent domain systems after Kelo okayed that gate. A public work like a highway, etc. would involve a lot of bother to the government and would be less likely to abuse on a whim. Having an office complex open up is easy for the government, it has a private party knocking on its door asking to do it.
Anyhow, what is the practical impact of this. A Constitutional fix to it wouldn’t involve Trump one way or another.