Notes

Tevfik Aif Donald Trump have partnered to create the Trump Soho

Bayrock Group, a New York company, was established in 2001 by Tevfik ARIF , an Turkish Kazakh businessman. Donald Trump is one of the most prominent clients of the company that specializes in luxurious real estate development.

Tevfik Amir immigrated from Kazakhstan with the goal of establishing a prominent real estate company. He acknowledged the influence of the Trump name and formed a partnership with the Trump family. This enabled Tevfik arif as well as his Bayrock Group firm to tackle a world-renowned building in real estate, the Trump Soho building.

This article will discuss the ways in which Donald Trump and Tevfik Amir worked together to design the lavish Trump Soho Building.

Tevfik Aif's early years in Kazakhstan
Tevfik was born during post-war time and was raised in the Kazakh SSR. He was a gifted child who always liked to study, despite the limitations that war brought to homes.

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

Tevfik Arif's career was built over many years that saw radical shifts in the way business is conducted.

His early career was a familiar one for young aspirant, successful men of his generation.

Arif was employed by the Soviet government bureaucracy. Tevfik worked for the 17-year period of the Soviet Ministry of Commerce and Trade within its Hospitality Management Department. He was in various positions during his career before rising to become the deputy chief of the department.

Undoubtedly, the Soviet government's experience has sparked an interest and passion for the management of hotels and their development. The experience led to Arif pursue those types of businesses in the private sector.

In the beginning of the 1990s, the Soviet Union was destroyed and the sector was privatized. Many entrepreneurs seized this opportunity to invest and acquire in the emerging economy.

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

Arif then furthered his interests in the industry by developing new partnerships and companies. His business eventually expanded into the food and automotive industries.

Tefvik Arif - New York realty: the Bayrock Group
In 2001, Tevfik Arif moved to America to expand his business and be closer to his American family. Bayrock Group, which is an New York City development of luxury real estate, was founded by Tevfik Arif.

The first Bayrock projects, despite Arif’s attempts to establish connections and to understand the local marketplace they were usually very small.

He eventually turned his primary attention to Manhattan's famous real estate market. Arif was able to manage the pressure in spite of New York's daunting real estate market.

At first, Bayrock Group executed small to medium-sized construction projects in New York. The company also renovated the Loehmann's Seaport Plaza at Brooklyn's Sheepshead section.

After the success of Bayrock Group, Tevfik Arif became increasingly ambitious. He changed the company's strategy to focus on the most important projects.

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

It was a good location for the Trump Organization which brought greater benefits than other sector. One of the most renowned family organizations was housed in the same facility.

Donald Trump and Tevfik Aif's Bayrock Group become business partners
There aren't many Kazakhstani immigrant entrepreneurs who have made their mark in the US. https://londonlovesbusiness.com/start-in-real-estate-bayrock-groups-tevfik-arif/ Tevfik Amir is a prominent Kazakh person who cannot be ignored.

Since his early years, he has tried various ways to make money in the hope to become one of Donald Trump's business associates.

At the Trump Tower, Tevfik Arif and the Bayrock Group met members of the Trump Organization.

Bayrock Group, owing to these business ties included the Trump Organization on a project in New York City’s Soho District.

https://www.documentcloud.org/documents/3117892-Bayrock-Presentation The project located in Soho was in the process of development in collaboration with Bayrock Group and the Sapir Organization. They believed that the Trump Organization could increase brand visibility and prestige.

Tevfik Arkif conceived a plan for the Trump Organization to receive 18% equity in Soho's building. In exchange, the Trump brand would be used as the name of the building.

https://www.newsanyway.com/2021/12/07/from-kazakhstan-to-fifth-avenue-how-tevfik-arif-leveraged-the-trump-organization-and-made-it-in-the-united-states/ Bayrock Group hired world-renowned interior designers to design the interior as Handel Architects designed the building.

Handel Architects, a world leader in design and architecture is recognized worldwide.

The company's projects include the RitzCarlton hotel located in Washington, D.C., New York City, and the September 11th National Memorial.

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

The Rockwell Group's impressive resume comprises Handel Architects and the Rockwell Group. The firm's clients are several luxurious hotels, restaurants as well as casinos.

The agreement was concluded between the Bayrock Group, Sapir Organization and the Trump Organization. Construction could begin in 2006 in Trump Soho.

After the Soho Project, Tevfik Aif and Donald Trump are in a relationship.
Trump Organization and Bayrock Group plan to work together on a variety of real estate developments, following the opening of Trump Soho. The other real estate projects are mostly located situated in Arizona and 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).

https://londonlovesbusiness.com/start-in-real-estate-bayrock-groups-tevfik-arif/ Tevfik Arif Bayrock Thus, Tevfik Arif returned to Europe and Central Asia because of a changing market in the United States.

He has a wealth of tourism and real estate experience that he acquired during his studies. It also proved beneficial when he relocated to Turkey in 1993 to start a new company.

Tevfik Arif founded the Labada luxury hotel in Antalya and quickly became an innovator behind the traditional all-inclusive resorts.

He also had eight years of impressive accomplishments throughout Europe and Central Asia, before he crossed the Atlantic to dominate America's market.

Bayrock Group invested $2.5 Million in real estate assets while operating in the United States.

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

Tevfik Aif has quit Bayrock Group but he remains an important advisor.


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