Notes

Tevfik Alif and Donald Trump team up to construct Trump Soho

Bayrock Group is a New York-based company established by Tevfik Arif ( Turkish Kazakh-Kazakh) in 2001. Donald Trump is one client. The company is renowned for its experience in the creation of luxurious properties.

tevfik arif, bayrock Tevfik Amir emigrated from Kazakhstan with the intention of establishing a prominent real estate business. He knew the potential of Trump and joined the venture along with his family. This enabled Tevfik Alif as well as Bayrock Group Bayrock Group to lead the world's most renowned property development known as the Trump Soho.

This article will discuss the cooperation between Donald Trump, Tevfik Arif and other people to construct the Trump Soho luxury building.

Tevfik Aif's early years in Kazakhstan
Tevfik was born during post-war times and grew up with the Kazakh SSR. He was a gifted child and loved to study despite the numerous limitations that war brought to his home.

His remarkable academic achievements led him into Moscow University, where was taught international relations and economics.

Tevfik Arif's career has been built over decades that have seen drastic changes in the way business is done.

His early career took the same path as the accomplished young men.

Arif worked for the Soviet government bureaucracy. Tevfik worked for the 17-year period of the Soviet Ministry of Commerce and Trade in its Hospitality Management Department. During his career Arif held a variety of post, including deputy department head.

Certainly it is true that the Soviet government's experience instilled an interest and enthusiasm for hotel management and development. Arif later decided to move to the private sector following the experience.

In the beginning of the 1990s, the Soviet Union was destroyed and the sector was privatized. Many were looking to join the new economy by investing and acquisitions.

Arif and his siblings were involved in the natural ressources sector in Kazakhstan as well as other former Soviet countries.

Arif also developed other companies and partnerships to expand his interest in the industry. The business eventually expanded to include food and automotive markets.

The Bayrock Group is Tefvik Arif’s route to New York real estate.
Tevfik Ariff relocated to America in 2001 to grow his business and be closer to his American family. Bayrock Group is a New York City company that develops luxurious real estate.

tevfik arif & donuld trump The early Bayrock projects were diverse despite Arif's efforts establish connections and to understand local markets.

Tevfik Arif Bayrock His main focus shifted to Manhattan's highly regarded real estate market. Arif was both an experienced investor as well as a business entrepreneur, and could handle the stress of New York's real estate market.

At first, Bayrock Group executed small to medium-sized projects in New York. For instance, Bayrock Group renovated Loehmann's Seaport Plaza in Brooklyn’s Sheepshead area..

Tevfik Arif grew more ambitious following the success of Bayrock Group. To make the company more focused on its most important projects, he altered its strategy.

Bayrock Group relocated its headquarters from Fifth Avenue to the Trump Tower, New York City as part of his strategy for the future.

The move put the company close to the Trump Organization and also brought the most benefits of any area. The same building also housed one of the world's most revered family-owned organizations in the world.

Tevfik Arif's Bayrock Group and Donald Trump become business partners
There aren't many Kazakhstani immigrant entrepreneurs who made their mark in the US. Tevfik Alif is a notable Kazakh persona.

He was a young man who tried numerous strategies for business before becoming one of Trump's business associates.

Tevfik arif as well as the Bayrock Group met members the Trump Organization at the Trump Tower.

Because of these business ties, Bayrock Group included Trump Organization into the New York City Soho project.

Bayrock Group had already begun to collaborate with the Sapir Organization on a Soho project. They believed that the Trump Organization could add some brand recognition and prestige.

Tevfik Aif came up with a plan to give 18 percent equity to the Trump Organization in the Soho Building. In exchange, Trump would brand the construction.

Bayrock Group employed renowned interior designers to decorate this building. Handel Architects created and constructed the structure.

In the field of architecture and design, Handel Architects is recognized as a global leader with a wealth of experience around the world.

The Ritz The Carlton hotel located in Washington, D.C. and the September 11th National Memorial, New York City were just two of the numerous projects the firm has worked on.

Fendi Casa pieces have been supplied by Rockwell Group for Trump Soho.

The Rockwell Group has a long list of clients which include Handel Architects. Its clients include luxury hotels as well as fine dining establishments, and casinos.

The agreement was signed by the Trump Organization, Bayrock Group and the Sapir Organization. Construction of Trump Soho could start in 2006.

After the Soho Project, Tevfik Aif and Donald Trump have a relationship.
After the success of Trump Soho the Bayrock Group and Trump Organization plan to work together on additional real estate projects. The other real estate projects are mostly in Arizona and Florida.

The global financial crisis that hit the globe in 2008 has hampered the plans of both the Bayrock Group as well as the Trump Organization.

Tevfik Alif returned back to Europe, Central Asia and the United States due to a shifting market.

Tevfik Arif Bayrock He gained extensive information about tourism and real estate during his studies. It proved to be a great advantage when he relocated from the US to Turkey in order to begin a new business.

Tevfik Arif, an early pioneer of all-inclusive resorts opened the Labada luxury Hotel in Antalya.

He had more outstanding achievements in Central Asia and Europe during the next eight years. Then he made the crossing of the Atlantic for the American market.

Bayrock Group spent $2.5million on real estate assets in the United States.

In the last couple of years, Bayrock Group is not involved in any US real property development.

tevfik arif & donuld trump Tevfik arif has been relieved of most of his Bayrock Group responsibilities but he is still highly respected as an advisor.


Read More: https://www.crunchbase.com/person/tevfik-arif