Notes

Bayrock Group: From the Suburbs and Manhattan Tevfik Arif

Bayrock Group, a Tevfik Arif-led luxury real-estate developer firm, began working swiftly with the Trump Organization in Manhattan shortly after it was established.

Bayrock Group Moves From Suburbs To Manhattan
Many dream of coming to the United States to live the American dream However, only a handful of people succeed. Tevfik Arif Bayrock Turkish Kazakhstani businessman Tevfik ARIF was one of those who did when Tevfik made the move to America in 2001. He founded the Bayrock Group.

The Bayrock Group operates in New York City as a luxury real property development firm.

At first, the firm essentially centered around smaller to medium-sized projects such as the revamp of the Loehmann's Seaport Plaza - a shopping centre in the Sheepshead neighborhood of Brooklyn, New York.

Bayrock Group had gained momentum in the American housing market and started to consider larger-scale developments.

Firms led by Arif began to collaborate with the Sapir Organization for a big construction project on Spring Street in New York City.

Bayrock Group relocated its headquarters in Midtown Manhattan to accommodate the rapid growth of the company.

Tevfik Arif Doyen Bayrock Group teams up with the Trump Organization
Tevfik Amir and his team had a meeting with members of the Trump Organization in the course of their meeting. They also utilized the Trump Tower for their base.

Discussions were held between Bayrock Group, the Trump Organization after the two companies discovered they shared goals and interests.

Both companies formed a cooperation where the Trump Organization joined Bayrock Group in its project in partnership with the Sapir Organization at Spring Street.

The Trump Organization was then run by former American President Donald Trump.

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

Donald Trump transferred the management to his children in the year 2017 as he was about entering the White House.

Bayrock Group's lucrative deal
When the cooperation between the Trump Organization, the Sapir Organization and the Bayrock Group began, the latter was still somewhat new on New York City's real estate market.

To help promote the development located on Spring Street, the founder Tevfik Arif drafted an arrangement to bring an additional brand name and prestige to the.

Tevfik Arif According to the deal proposed by him the Trump Organization would get 18% equity in the building in return for using the Trump brand on the name of the building.

Each of the three firms reached an agreement and, in 2006, the first brick to be used for Trump SoHo was erected.

Two years after, Bayrock Group, the Trump Organization and the Sapir Organization inaugurated their contribution to the skyline of New York City, Trump SoHo.

Design veterans take the Trump SoHo
Trump SoHo boasted 46 stories of exclusive eateries, bars, event and banquet venues as well as an open-air pool, spa area as well as apartments and hotel room rooms.


Residents and visitors of Trump SoHo may enjoy a stunning view of New York City through the roof windows that extend from the floor to the roof. They were put up on all levels.

Handel Architects was entrusted by Trump SoHo to design the exterior of the building, and the three structures were focused on achieving perfection.

Handel Architects is a respected firm with a wide portfolio. Other projects are the National September 11 Memorial and Museum and Abu Dhabi's Rosewood hotel and residential.

Rockwell Group designed Trump SoHo's interiors. Through the years, Rockwell Group has overseen the design of various extravagant cafes, hotels, bars and theaters across the globe.

Their projects include their work at the Tower Hotel in Mumbai and Taj Mahal Palace in India, as well the 93rd Academy Award show, and the Amara Hotel Limassol in Cyprus.

Bayrock Group, Trump Organization increase the partnership
Trump SoHo was an instant success. Bayrock Group, Trump Organization and other groups began to look at ways to strengthen their cooperation.

Their goal was to build structures that resembled Trump SoHo in Arizona or Florida in the same manner, and on similar terms as those offered at Trump SoHo. As a compromise, Trump SoHo would receive Trump Organization would receive 18 percent equity in the structure in return to the use of the Trump brand. This time, again.

The Trump Organization and Bayrock Group had everything prepared. Bayrock But the 2008 financial crisis, which severely shaken the American real estate market, brought an end to their plans.

The American housing market was severely affected by the crisis. As a result, the Bayrock Group founder Tevfik Arif chose to leave his undertakings in the United States. https://www.glassdoor.com/Overview/Working-at-Bayrock-EI_IE820073.11,18.htm He decided to move to Europe and Asia which is where he began his career decades earlier.

Bayrock Group no longer has Tevfik, Arif as an active member. But, he is an advisor of trust to other divisions.

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

When it was in operation, the firm invested more than $2.5million in real estate properties.

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