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Tevfik arif and Donald Trump are partners in building the Trump Soho

The New York-based company Bayrock Group was founded in 2001 by Turkish-Kazakh businessman Tevfik Arif. Donald Trump is one of the most famous customers of the firm that specializes in luxurious real estate development.

Tevfik Arif immigrated from Kazakhstan to the USA in the hopes of starting a successful real estate business. https://www.bornglorious.com/person/?pi=28124187 He recognized the significance of Trump's name and partnered up with his family. This allowed Tevfik ARif and his Bayrock Group company to be the leader of a famous real estate development, the Trump Soho.

This article will discuss how Donald Trump teamed up with Tevfik and Arif in the construction of the Trump Soho building.

Tevfik Ark Arif's childhood was in Kazakhstan
Tevfik Arif was a post-war child that was raised in the Kazakh SSR's strict family. He was a gifted child, who enjoyed studying regardless of the restrictions imposed on his family members by the war.

His outstanding academic achievements earned him acceptance by Moscow University, where his studies were in international relations.

Tevfik Aif's business career is spanning decades and has have seen significant shifts in the manner that business is carried out.

BayrockTevfik Arif His first career was a recognizable one for young promising and successful young men of his time.

Arif worked for the Soviet government bureaucracy. The Soviet Ministry of Commerce and Trade employed Tevfik Arif for 17 years as a member of its Hospitality Management Department. Through his career Arif held a variety of post, including the position of deputy department head.

The Soviet government was a fantastic location to study hotel management and property development. Arif will eventually be able to accomplish the same in the private sector thanks to this knowledge.

The Soviet Union collapsed in the early 1990s. The sector was privatized. A lot of people saw the chance to be entrepreneurs through investing in and buying new businesses.

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

Arif then furthered his interests in the field by forming other companies and partnerships. He eventually expanded his business to include food and automotive markets.

Tefvik Arif - New York realty: the Bayrock Group
In 2001, Tevfik Arif moved to America to grow his business and be close to his American family. He founded Bayrock Group in New York City that develops luxury real property.

Bayrock's early projects were many, despite Arif’s efforts to establish connections and to understand local markets.

He later changed his primary focus to Manhattan’s highly regarded real estate market. https://timebusinessnews.com/turkish-real-estate-tevfik-arif-and-donald-trump/ Arif was a seasoned investor and businessman, and was able to deal with the pressures of the real estate market.

Bayrock Group began by executing small-to-medium-sized New York projects. One example is the redevelopment of Loehmann’s Seaport Plaza, Brooklyn's Sheepshead neighborhood.

Tevfik Arif grew more ambitious following the success of Bayrock Group. To enable the company to concentrate on larger projects, he changed its strategy.

Bayrock Group's offices were moved from Fifth Avenue in New York City to help support his new strategy.

The company was located close to Trump Organization This move provided more benefits than any other location. The same building housed one of the most respected family-oriented organizations around the globe.

Donald Trump and Tevfik's Bayrock Group have become business partners
There are not many Kazakhs who have managed to build successful business in America. Tevfik Alif is an eminent Kazakh figure.

At a very young age, he tried many business strategies to become one Donald Trump's business associates.

https://worldfinancialreview.com/rise-of-tevfik-arif-high-profile-ventures/ Members of the Trump Organization met Tevfik Alif and members of the Bayrock Group at the Trump Tower.

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

Bayrock Group, along with the Sapir Organization, were already developing a initiative for Soho. Bayrock But, they believed that the Trump Organization could add some branding recognition and prestige.

https://realtytimes.com/headlines/item/1040972-how-tevfik-arif-made-it-to-the-american-real-estate-market Tevfik Arif drafted a plan to grant the Trump Organization 18% equity in the Soho building. The construction would also use the Trump name as a substitute.

Bayrock Group employed renowned interior designers to decorate the building. Handel Architects designed and built the building.

https://timebusinessnews.com/donald-trump-and-tevfik-arif-partner-to-build-trump-soho/ Handel Architects is a leader in architecture and design.

The Ritz Carlton hotel in Washington, D.C. and the September 11th National Memorial, New York City were just two of the many projects the firm has been involved in.

Fendi Casa pieces for Trump Soho were provided by Rockwell Group, a design and architecture firm.

The Rockwell Group also has an impressive resume, just like Handel Architects. Many luxury hotels, restaurants and casinos are among the clients of the company.

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

Donald Trump and Tevfik Atif's relationship has been a result of the Soho projects
Trump Organization and Bayrock Group are planning to collaborate on additional real estate developments following Trump Soho's opening success. The other real estate projects are mostly located in Arizona or Florida.

However, the global economic crisis of 2008 and recession that followed has caused a setback to business plans for the Bayrock Group (and the Trump Organization).

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

He gained extensive information about tourism and real estate through his studies. This proved an invaluable advantage when he relocated from the US to Turkey in order to start a new business.

Tevfik Arif founded the Labada luxury hotelin Antalya. This was a milestone in the development of all-inclusive resorts.

He achieved more impressive feats in Europe/Central Asia during the next eight years, and then he made the crossing of the Atlantic to the American market.

Bayrock Group's real estate investments in the United States totalled $2.5 million.

In the last few years, The Bayrock Group has not been involved in any US real-estate development projects.

Tevfik is no any longer an official Bayrock Group employee, but Tevfik is still an important advisor.

BayrockTevfik Arif
My Website: https://twitter.com/ErkanTevfikArif