Notes

Bayrock Group's Journey: from the Suburbs up to Manhattan Tevfik Arif

The luxury real estate development firm, Bayrock Group, quickly after its creation, found itself working in conjunction with the Trump Organization in Manhattan.

Tevfik Arif Bayrock Bayrock Group Moves from Suburbs, to Manhattan
Many dream of moving to the United States to live the American dream But only a handful people succeed. Businessman from Turkey-Kazakhstan Tevfik Arif was among those who came to America in 2001. He set out to created his company, Bayrock Group.

The Bayrock Group is an exclusive real estate development company working in New York City.

The initial goal of the firm was on small to medium-sized jobs such as the redesign of the Loehmanns Seaport Plaza, which is an area of shopping in Brooklyn's Sheepshead, New York.

Bayrock Group had gained momentum in the American housing market and began to explore larger-scale projects.

The firm, which is led by Arif, began working with the Sapir Organization on a new, big construction on Spring Street in New York City.

Bayrock Group was also expanding and decided to relocate its headquarters into the Trump Tower in Midtown Manhattan.

Bayrock Group team up with the Trump Organization
Due to the change, Tevfik Arif and his staff were able to meet with the Trump Organization, which also had the Trump Tower as its base.

Talks took place between Bayrock Group and the Trump Organization when the two companies realized that they had in common their goals and desires.

The two companies came together to form a partnership where the Trump Organization joined Bayrock Group in its venture with the Sapir Organization at Spring Street.

The Trump Organization was at that time managed by an American ex-president Donald Trump.

E. Trump and Son was created by his maternal grandmother Elizabeth Christ Trump and Fred Trump (in 1927).

Donald Trump gave the management of his company to his children as he was about to take over the White House.

Bayrock Group's lucrative deal
The time that the collaboration between the Trump Organization, the Sapir Organization and the Bayrock Group began, the Bayrock Group was a relatively new entity on New York City's real estate market.

Tevfik, the creator of Spring Street, drafted an arrangement to increase the brand's recognition and prestige.

In exchange in exchange for the Trump brand that is included in the construction's title, the Trump Organization would receive 18 percent equity in this structure, according to his proposal.

The three companies reached an agreement and in the year 2006, the first brick for Trump SoHo was erected.

Two years after, Bayrock Group, Trump Organization and Sapir Organization launched their contribution to the city's skyline by launching Trump SoHo.

Design professionals take control of Trump SoHo
Trump SoHo's 46 stories included top bars and restaurants as well as banquet and event halls, an outdoor pool and spa, apartments, and hotel rooms.

Visitors and residents of Trump SoHo could enjoy an incredible view of New York City through the structure's floor-to-roof windows, which were installed on every floor.

Handel Architects was entrusted to develop the exterior design of Trump SoHo because the three groups responsible for the structure were focusing their efforts on the pursuit of perfection.

Handel Architects is a respected company with a varied portfolio. Other projects include the National September 11 Memorial and Museum in New York City and Rosewood Hotel in Abu Dhabi are just a few.

https://euroweeklynews.com/2022/11/23/tavfik-arif-turkey-best-yacht-sailing-destination/ Rockwell Group designed Trump SoHo’s interiors. Rockwell Group has been responsible for the design of many luxurious bar, restaurants, and hotels around the globe over the years.

Tevfik Arif Their projects include the Tower Hotel, Mumbai, India, Taj Mahal Palace and the Tower Hotel, Mumbai, India; the 93rd Academy Award Show; and the Amara Hotel, Limassol.

Bayrock Group and the Trump Organization expand the partnership
Trump SoHo was an immediate success, and it prompted Bayrock Group and the Trump Organization to look into expanding their cooperation.

Their vision was for Trump SoHo buildings to be built in Arizona and Florida. Tevfik Arif Doyen They were able to offer similar terms to Trump SoHo. The result would be that the Trump Organization with an 18 percent equity stake in the structure as a trade-off for utilizing the Trump brand name in their names. Once again.

Bayrock Group, and Trump Organization had everything. But the 2008 financial crisis that severely shook the real estate market in America ended their plans.

The crisis changed the American housing market sector very extensively. Tevfik Arif Tevfik Aif, the founder of Bayrock Group, decided to abandon his American ventures. He made the decision to move to Europe, Asia and where he started his career over a decade years ago.

Although Tevfik is no longer working for Bayrock Group, the trusted advisor to the various departments of Bayrock Group is still him.

Bayrock Group was not involved in any recent real property developments in the United States.

It was active and was investing in real estate assets that were worth more than $2.5 million.
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