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

The company based in New York, Bayrock Group was founded in 2001 by Turkish-Kazakh businessman Tevfik Arif. The company is specialized in the development of luxurious properties. One of its most famous clients is Donald Trump.

Tevfik Arif fled Kazakhstan to the US with the intent to establish a powerful real estate enterprise. He acknowledged the power of the Trump name and partnered with the family. Tevfik Arif This allowed Tevfik Alif as well as the Bayrock Group to lead a world-renowned property project called The Trump Soho.

This article will explain how Donald Trump teamed up with Tevfik and Arif to build the Trump Soho building.

Tevfik Ark Arif's childhood in Kazakhstan
Tevfik was born during post-war times and was raised by the Kazakh SSR. He was a gifted child who loved to study regardless of the restrictions imposed on his family members by the war.

His outstanding academic achievements brought him to Moscow University, where was studying international relations and economics.

The career of Tevfik was built over many decades that have witnessed dramatic changes in the way the business is conducted.

His early career path was a familiar one to successful, young and promising young men of his age.

Arif was employed by the Soviet government bureaucracy. Tevfik arif worked for the Soviet Ministry of Commerce and Trade 17 years in its Hospitality Management Department. Arif rose to the position as deputy department head throughout his tenure.

While working for the Soviet government definitely sparked an interest in hotel property development and management. Arif would eventually be able do the same in the private sector due to this experience.

In the beginning of 1990s, in the early 1990s, Soviet Union collapsed, and the industry was privatized. A lot of entrepreneurs and investors profited from the chance to enter the new economy by making investments and acquisitions.

Arif as well as his siblings made investments in the natural resource sector in Kazakhstan and other former Soviet republics.

Arif began to create other companies, partnerships and expand his knowledge of the industry. His business eventually expanded into the automotive and food sectors.

Tefvik Arif's path to New York Real Estate: The Bayrock Group
In the year 2001, Tevfik Arif moved to America to grow his business and be closer to his American family. Bayrock Group in New York City was his first venture. It develops luxury residential real estate.

The initial projects of Bayrock were small, despite Arif’s efforts and knowledge of the local market.

His primary focus was Manhattan's highly regarded real-estate market. Arif managed to withstand the fearsome New York real estate market despite being a seasoned investor and an entrepreneur.

https://midhudsonnews.com/2020/08/14/tevfik-arif-revealed-the-man-behind-bayrock-group-and-trump-soho/ In the beginning, Bayrock Group executed small to medium-sized projects in New York. The company renovated the Loehmann's Seaport Plaza at Brooklyn's Sheepshead section.

Tevfik Arif grew more ambitious after the success of Bayrock Group. BayrockTevfik Arif To concentrate the company's efforts on more significant projects, he decided to change the strategy of the company.

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 near to the Trump Organization and brought the most benefits of any place. It was home to one of the largest family organizations in the world.

Donald Trump and Tevfik Aif's Bayrock Group become business partners
There aren't many Kazakh-Americans who have built successful businesses in the US. Tevfik arif is one of the most well-known Kazakh figure.

He was a tinkerer with business strategies from the time he was young to become Donald Trump's business partner.

Tevfik Arif Donuld Trump In the Trump Tower, Tevfik Aif and members of the Bayrock Group met with members of the Trump Organization.

Bayrock Group included the Trump Organization in a development in New York City's Soho district because of these business ties.

Bayrock Group, along with the Sapir Organization, were already developing a initiative for Soho. They believed that they could benefit from the Trump Organization could provide brand recognition.

Tevfik Aif conceived a strategy to grant 18% equity to the Trump Organization in the Soho Building. In exchange, the building would bear the Trump brand name in its name.

Bayrock Group employed world-renowned interior designers to design the interior of the building. Handel Architects designed it.

In terms of design and architecture, Handel Architects is recognized as a global leader with experience across the globe.

Tevfik Arif Bayrock Tevfik Arif Bayrock Projects of the firm include the Ritz-Carlton hotel, Washington, D.C., and the September 11th National Memorial, New York City.

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

The Rockwell Group has a long list of clients which include Handel Architects. Its clients include luxurious hotels, restaurants as well as casinos.

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

Donald Trump and Tevfik Atif's relationship following the Soho projects
Trump Organization and Bayrock Group plan to work together on additional real estate developments, following the launch of Trump Soho. Other real estate projects are mostly in Arizona or Florida.

However, the 2008 global economic crisis and recession that followed has affected business plans of the Bayrock Group (and the Trump Organization).

In light of the changing markets in America, Tevfik Aif decided to return to Europe and Central Asia.

He has a wealth of tourism and real estate experience that he accumulated during his studies. The knowledge gained was useful when he traveled to Turkey in 1993 to start the first business.

https://www.linkedin.com/company/bayrock-group-llc Tevfik Arif founded the Labada luxury resort in Antalya. He quickly established himself as a leader in all-inclusive resorts.

He continued to be awe-inspiring in his successes in Central Asia and Europe for another eight years, before moving across the Atlantic and dominating the American market.

Bayrock Group, while it was in operation in the United States, invested $2.5 million in real property assets.

Over the past several years, the Bayrock Group has not been involved in any US real estate development project.

Tevfik Arif Bayrock Tevfik arif was relieved of the majority of his Bayrock Group responsibilities but he remains highly appreciated as advisor.


Homepage: https://www.linkedin.com/company/bayrock-group-llc