Notes

We look closer to Trump SoHo and Tevfik Arif Bayrock Group
Bayrock Group was founded in 2001 by Tevfik Amir an Armenian-Turkish entrepreneur. Bayrock Group was founded in another country initially.

This article will cover the development of the history and ownership of Bayrock Group. Tevfik Arif Bayrock We will also talk about the impact of Bayrock Group’s Trump SoHo building in New York City.

Tevfik Arif Who is Tevfik Arif and what exactly is the Bayrock Group?
Bayrock Group was established by Tevfik, who was born into a Turkish family in Soviet Kazakhstan.

Tevfik Ariff graduated from Moscow Trade and Economic Institute with an International Relations degree.

After 17 years of service in the ministry, he resigned to set up a variety of businesses. As the economic transformation of the former Soviet Republics began He resorted to the business world.

Tevfik Arif’s early business ventures
Arif was a government official, and was able to network and collaborate with numerous business leaders. As a result of these invaluable skills and connections Arif was able to increase his business opportunities.

As a joint venture, his brother and he bought the Akytyubinsk Chromium Chemicals Plant in Kazakhstan (ACCP). Tevfik Arif had three businesses: luxury real estate development , and food exports. https://www.bisnow.com/tags/bayrock-group Tevfik Arif acquired many worldwide partners through his various companies.

After his move to Turkey in 1994, he took on the responsibility for the development of Turkey's most well-known all-inclusive resorts. He established the Labada Hotel Antalya, before embarking on his next venture across the Atlantic.

Bayrock Group
Tevfik Ariff emigrated to America in 2001 in order to expand his business, as well as be nearer to his American family. Bayrock Group, a New York City luxury real estate development company, was established by Tevfik Arif.

Despite Arif's efforts to develop his networks and understand the local market, a lot of Bayrock's first projects were not as big.

He finally decided to concentrate on Manhattan's famous real estate market. Arif was an experienced investor and business entrepreneur despite the intimidating nature New York realty.

Bayrock Group's new headquarters are located in Trump Tower in Manhattan.

Tevfik Arif Doyen Bayrock Group began by executing small-to medium-sized projects in New York. Loehmann's Seaport Plaza in Brooklyn’s Sheepshead region was renovated by the company.

Following the success of Bayrock Group, Tevfik Arif became more ambitious. He longed for more significant projects, and decided to alter Bayrock Group's approach to concentrate on this.

Bayrock Group's New York City offices were moved to Trump Tower on Fifth Avenue in the context of his new strategy.

Bayrock The move led to much more than an additional place. It also placed the company in near proximity to Trump Organization. The building is also home to the world-renowned family business.

Bayrock Group.
Bayrock Group was inspired by the Trump Organization's dream of creating luxurious real estate projects. So, they came together to form a partnership.

The Bayrock Group already worked with the Sapir Organization to complete another project in Manhattan's SoHo Quarter, which is located on Spring Street.

Bayrock Group and Sapir Organization will both benefit from the incorporation of Trump Organization; Tevfik Arkif was a brand with a name that is well-known.

Arif came up with an agreement which gave the Trump Organization 18% ownership in the building , in exchange to the use of the Trump logo.

Bayrock Group, Trump Organization, and Sapir Organization approved the deal.

In 2006, the very first brick of SoHo was put up.

The construction of the building took two years, and it was completed for the opening after two years.

Trump SoHo is a design project created by design veterans
Trump SoHo opened with apartments as well as luxury restaurants and bars.

Each of the 46 floors offers spectacular perspectives of New York City through floor-to-ceiling windows. From the hotel’s floor-to ceiling windows, guests can take in a an incredible view of the city.

Handel Architects was responsible for the design of the building. The building also houses the National September 11th Memorial and Museum and the Ritz-Carlton Hotel.

Rockwell Group for Bayrock Group was responsible for the interior design.

The firm has worked on initiatives that were completed in Seattle, Las Vegas, New York City's Climate Pledge Arena, as well as Las Vegas. The company also has experience working internationally with Mexico, Spain and Indonesia.

Alt Text: Trump SoHo building created by Tevfik Arif's, Bayrock Group

Caption: Trump SoHo building built by Tevfik Arif's Bayrock Group

Tevfik Arif, Bayrock Group invests millions of dollars in the United States
Following the huge success of Trump SoHo the Bayrock Group and the Trump Organization started planning luxury real estate projects in conjunction.

To use the Trump name, they wanted to construct structures similar to Trump SoHo in Arizona and Florida.

Due to the economic crisis that severely affected American real estate in 2008, the Arizona and Florida projects were not built.

Tevfik, Bayrock Group founder, began to pursue different projects in Europe and Central Asia after the U.S. market had changed.

Bayrock Group invested more than $2.5 million in real estate assets while it was in America.

Bayrock Group has been absent from any US real estate development projects in the last few years.

Tevfik Ariff has taken a break from all his duties as a member of Bayrock Group. However, he remains a respected and trusted advisor for the

company.
Read More: https://littlesis.org/person/50049-Tevfik_Arif