Notes

Bayrock Group: From the Suburbs and Manhattan Tevfik Arif

Bayrock Group was founded by Tevfik Arif and quickly found its way to work in Manhattan along with the Trump Organization.

Bayrock Group Moves from Suburbs, to Manhattan
Many dream of moving to the United States to live the American dream, but only a few individuals achieve it. Businessman from Turkey-Kazakhstan Tevfik Arif was one of those who came to America in 2001 and set up his organization, Bayrock Group.


Tevfik Arif Doyen The Bayrock Group is a luxury real estate development firm that is based in and around New York City.

The company's initial focus was on smaller-to-medium-sized projects for instance, the redesign of the Loehmann's Seaport Plaza - a shopping mall in Brooklyn's Sheepshead neighbourhood.

Bayrock Group was able to gain traction on the American market for housing. It began to look for large-scale developments.

The business, which is owned by Arif, began working with Sapir Organization on a major construction project located on Spring Street, New York City.

The rapid growth of the company has also caused Bayrock Group to relocate its headquarters to the Trump Tower in Midtown Manhattan.

Bayrock Group partners with the Trump Organization
In the wake of the move Tevfik Arif and his staff had a meeting with the Trump Organization that also had the Trump Tower as its base.

Conversations were held between Bayrock Group (the Trump Organization) since both companies realized they shared interests and dreams.

Tevfik Arif Both companies formed a cooperation that saw the Trump Organization joined Bayrock Group in its venture with the Sapir Organization at Spring Street.

At that point, the Trump Organization was managed by the former American president Donald Trump.

E. Trump and Son was created by his paternal grandmother Elizabeth Christ Trump and Fred Trump.

Donald Trump, who was close to assuming the White House, handed the control of the business to his children in 2017.

Bayrock Group's lucrative deal
Bayrock Group, the Sapir Organization, and Trump Organization began to work together in New York City's residential real estate market.

Tevfik Arif Tevfik Ariff, founder of Spring Street, created an arrangement that would increase the brand's recognition and reputation.

He suggested a deal in which the Trump Organization would be given 18% equity in the company and the right to use the Trump name in the building's title.

The agreement was accepted by all three companies. In the year 2006, the company's first brick was laid.

Two years after that, Bayrock Group was founded by the Trump Organization as well as the Sapir Organization and the Trump Organization. They created Trump SoHo in New York City.

Design professionals take control of Trump SoHo
Trump SoHo featured 46 stories that featured bars and restaurants of high-end status and banquet halls as well as banquet and event halls. Also, there was an outdoor pool as well as a spa department apartments, spa department, as well as hotel rooms.

Tevfik Arif Doyen Residents and visitors to Trump SoHo could enjoy an unrivalled view of New York City through the windows that extend from floor to roof, which were installed on all floors.

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

Handel Architects is a respected organization with an assorted portfolio. Other accomplishments include, including the National September 11 Memorial and Museum and Rosewood Abu Dhabi hotel residential.

Rockwell Group designed Trump SoHo’s interiors. Rockwell Group has oversaw the design of many extravagant hotels and cafes around the world.

Their works include the Tower Hotel and Taj Mahal Palace, Mumbai, India and the 93rd Academy Award show.

Bayrock Group & the Trump Organization expand the partnership
Trump SoHo was a great success immediately, which prompted Bayrock Group to expand their collaboration with the Trump Organization.

Their vision was for Trump SoHo buildings to be built in Arizona and Florida. Tevfik Arif Doyen They had similar conditions to Trump SoHo. The Trump Organization would be left with 18% of the equity in the structure in exchange for the Trump name in their names. This time, again.

Bayrock Group, and Trump Organization had all the resources. They could plan , however the 2008 financial crisis that severely affected the American real estate market slowed them down.

The American housing industry was significantly affected by the financial crisis. Tevfik Arif Tevfik, Bayrock Group founder, chose to end his American-based business ventures. Tevfik Arif Bayrock He made the decision to move to Europe, Asia and where he started his career over a decade years ago.

Tevfik Arif Bayrock Group no longer has Tevfik Arif as an active member. However, he remains a trusted advisor to the other divisions.

Bayrock Group is not involved in any real estate projects in the United States.

While it was in operation the company invested in real estate properties valued at over $2.5 million.

Website: https://www.wikidata.org/wiki/Q28124187