Notes

Tevfik Alif Donald Trump team up to construct Trump Soho

The company based in New York, Bayrock Group was founded in 2001 by Turkish-Kazakh businessman Tevfik Arif. Donald Trump is a client of the company.

Tevfik Arkik immigrated to the US from Kazakhstan in the hope of establishing a reputable real estate business. He was aware of the significance of the Trump name, and he partnered with them. This enabled Tevfik Arif and his company, called the Bayrock Group, to lead a world-renowned real estate project which is the Trump Soho building.

This article will explain how Donald Trump and Tevfik arif collaborated to construct the luxurious Trump Soho building.

Tevfik Aif's first years in Kazakhstan
Tevfik Arif was a postwar child, who was part of the Kazakh SSR's conservative family. He was an exceptionally gifted child and was a lover of studying, despite the many limitations that war brought to his country.

His academic achievements brought him to Moscow University where he studied international relations and economics.

Tevfik arif's story was constructed through decades of radical shifts which influenced the way business is conducted.

His early career followed the same pattern as the successful young men.

Arif was Arif was a Soviet bureaucrat. Tevfik Arif was employed by the Soviet Ministry of Commerce and Trade 17 years within its Hospitality Management Department. Arif rose to the position of deputy department head in his career.

Working for the Soviet government undoubtedly sparked an interest in the development of hotels and management. This experience eventually led to Arif look into these types of ventures in the private sector.

In the beginning of 1990s, the Soviet Union collapsed, and the sector was privatized. A lot of people considered joining the new economy via investments and acquisitions.

Arif and his brothers made investments in the field of natural resource in Kazakhstan as well as other former Soviet republics.

Arif began to create other companies, partnerships and pursue his passion for the industry. Then, he'd expand his operations into the automotive and food industries.

Tefvik Arif's journey to New York Real Estate: The Bayrock Group
Tevfik Alif came to America in 2001. He was keen to grow his company and be closer to his American family. Bayrock Group is a New York City company that develops luxury real property.

https://www.linkedin.com/in/erkantevfikarif Bayrock's initial projects were often tiny despite Arif trying to understand the market and develop his relationships.

His primary focus was Manhattan's highly-regarded real estate market. tevfik arif & donuld trump Arif was able manage the pressure in spite of New York's daunting real market.

Bayrock Group initially executed small-to medium-sized New York City projects. For instance, the firm renovated the Loehmann's Seaport Plaza in Brooklyn's Sheepshead region.

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

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 placed the business near to the Trump Organization and brought the most benefits of any place. One of the most famous family-oriented organizations was located in the same building.

Donald Trump and Tevfik Aif's Bayrock Group become business partners
There are not so many people from Kazakhstan who have established successful companies in the US. In the case of prominent Kazakh names, Tevfik Arif cannot be ignored.

tevfik arif & donuld trump He has tried a variety of strategies for business since he was young to become Donald Trump's business associate.

Tevfik arif and the Bayrock Group met members of the Trump Organization at the Trump Tower.

https://timebusinessnews.com/turkish-real-estate-tevfik-arif-and-donald-trump/ Due to these business connections, Bayrock Group included Trump Organization in an New York City project in Soho.

Bayrock Group was working with the Sapir Organization to develop a Soho project. Doyen But, they believed that the Trump Organization could add some branding recognition and prestige.

Tevfik Arif Donuld Trump Tevfik Alif has conceived a strategy to give Trump Organization 18% equity at the Soho property. The building would also bear the Trump name in exchange.

Bayrock Group hired renowned interior designers to decorate their building. Handel Architects created and designed the building.

Handel Architects has been recognized by the world as an innovator in the field of architecture and design.

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

Fendi Casa pieces are provided by Rockwell Group, an architecture and design company.

Tevfik Arif Donuld Trump Rockwell Group is also known for its impressive portfolio, that includes Handel Architects. Some of its clients are luxury hotels as well as fine dining establishments, and casinos.

The contract was signed by Bayrock Group, Sapir Organization and the Trump Organization. https://nativenewsonline.net/advertise/branded-voices/tevfik-arif-biography-and-legendary-bayrock-group-business-empire Construction of Trump Soho may begin in 2006.

The connection between Tevfik and Donald Trump after the Soho project
Trump Organization and Bayrock Group will collaborate on numerous other real estate developments following Trump Soho's opening. The other real estate projects are mostly in Arizona and Florida.

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

Tevfik Arif, a result of the changing American market, returned to Europe/Central Asia.

He gained extensive knowledge of tourism and real estate through his studies. The knowledge he gained was also utilized when he moved to Turkey to start a business in 1993.

Tevfik Arif founded the Labada luxury hotel in Antalya and soon became the first to pioneer the traditional 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 taking on the American market.

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

In the last few years, Bayrock Group was not associated in any US real estate development projects.

While Tevfik Arif has stepped down from the majority of his responsibilities at Bayrock Group, he remains an extremely valued advisor.


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