Notes

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

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

How Bayrock Group Went from Suburbs to Manhattan
Many dream of moving to the United States to live the American dream However, only a handful of people succeed. Turkish Kazakhstani businessman Tevfik Ari was there when he established Bayrock Group in America in 2001.

The Bayrock Group, a luxury real-estate development company, is located in New York City.

https://tevfikarifbayrockxwfs825.weebly.com/ Initial projects were small to medium in size. It included the design and construction of Loehmann's Seaport Plaza in Brooklyn, New York.

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

The company, which is owned by Arif, began working together with the Sapir Organization to construct a large new construction on Spring Street in New York City.

Bayrock Group decided to move its headquarters to Midtown Manhattan due to its expansion.

Bayrock Group joins forces with the Trump Organization
Tevfik arif and his team met the Trump Organization in the aftermath of the relocation. It also included the Trump Tower in its base.

Talks developed between Bayrock Group and the Trump Organization when the two firms found out that they shared interests and goals.

They formed a partnership, that saw the Trump Organization joined Bayrock Group’s project in conjunction with Sapir Organization on Spring Street.

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

The company was founded as E. Trump and Son by his paternal grandma, Elizabeth Christ Trump, and his father, Fred Trump, in 1927.


Tevfik Arif Doyen In 2017, Donald Trump handed over the management of the business to his children, just in the midst of his preparations to be sworn into the White House.

https://www.zoominfo.com/c/bayrock/12620863 Bayrock Group's lucrative deal
When the partnership between the Trump Organization, the Sapir Organization and Bayrock Group began, the Bayrock Group was still relatively new on New York City's real estate market.

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

The deal he proposed would grant the Trump Organization 18% equity in the building in exchange for Trump's name being used to create the building's name.

The three businesses involved signed on to the deal. In 2006 the first foundation stone was laid for what would become Trump SoHo.

Two years after, Bayrock Group, Trump Organization and Sapir Organization launched their contribution to New York City’s skyline through Trump SoHo.

Design experts take over Trump SoHo
Trump SoHo's 46 stories included elite eateries and bars, event and banquet halls, an open-air pool as well as a spa department. hotel rooms, apartments and apartments.

Visitors and residents to Trump SoHo could have a an exclusive view of New York City thanks to the glass roof windows that extend from floor to roof. The windows were put in on every floor.

Handel Architects was entrusted as the exterior designer of Trump SoHo, since the three main companies behind the building were focused primarily on perfectionism.

Handel Architects is a respected firm with a wide portfolio. In addition, the National September 11 Memorial and Museum in New York City and Rosewood Hotel in Abu Dhabi are just a couple.

Trump SoHo's insides were designed by Rockwell Group. Rockwell Group is responsible for the design of numerous luxurious hotels, cafes,, restaurants as well as bars and theaters all over the world.

Their work includes their work at the Tower Hotel and Taj Mahal Palace, Mumbai, India and the 93rd Academy Award show.

Bayrock Group, Trump Organization increase the partnership
Trump SoHo was a huge success, and Bayrock Group and Trump Organization began to explore the possibility of expanding their cooperation.

The idea was to build structures that would be located in Arizona and Florida as Trump SoHo under the same terms that they have with Trump SoHo. Bayrock As a compromise to the Trump Organization would receive 18 percent equity in the structure, in exchange for using the Trump brand. This time.

The Trump Organization and Bayrock Group had everything in place. However, the 2008 financial crisis that severely affected the American real property market, ended their plans.

The financial crisis has changed the American housing market sector very significantly. Tevfik Alif, Bayrock Group founder and CEO, chose to move out of the United States. He chose to leave the US to start a new career in Europe and Asia.

Bayrock Group has ceased to be in operation, however Tevfik Ariff continues to be advisor to different divisions.

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

However, it was still active and was investing in real estate assets worth over $2.5 million.

Homepage: https://tevfikarifbayrockxwfs825.weebly.com/