Notes

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

Bayrock Group, a luxury real estate development firm led by Tevfik Arif, found itself quickly working in conjunction with the Trump Organization in Manhattan.

Bayrock Group Moves from Suburbs to Manhattan
While many people have dreams of moving to America in order to live the American dream and live the American life Only a few actually have the opportunity to do so. Turkish Kazakhstani businessman Tevfik Ark was just one of the few who made it to America in 2001 to set the Bayrock Group.

Tevfik Arif Doyen Bayrock The Bayrock Group, a luxury real estate development firm is located in New York City.

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

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

The Arif-driven business began working with Sapir Organization on a major construction project on Spring Street, New York City.

Tevfik Arif Bayrock The company's growth was also caused Bayrock Group to relocate its headquarters to the Trump Tower in Midtown Manhattan.

Bayrock Group team together with the Trump Organization
Tevfik Arif and his crew met with the Trump Organization following the relocation. It also had the Trump Tower in its base.

Discussions began between Bayrock Group and the Trump Organization when both firms discovered that they shared interests and dreams.

The cooperation was established between the two firms. The Trump Organization joined Bayrock Group as well as Sapir Organization's Spring Street project.

Former American President Donald Trump was the president of the Trump Organization at that time.

In 1927 his paternal grandmother Elizabeth Christ Trump and his father Fred Trump established the organization known as E. Trump and Son.

In 2017 Donald Trump handed over the control of the company to his children, just in the midst of his preparations to take over the White House.


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

Tevfik Ariff, the founder of Spring Street, created an arrangement to boost brand recognition and increase prestige.

According to the deal proposed by him The Trump Organization would get 18% equity in the building in return for using the Trump name in the title of the construction.

Each of the three companies signed on to the agreement and the first brick of Trump SoHo was laid in 2006.

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

Design professionals take over Trump SoHo
Trump SoHo's 46 stories included exclusive bars and restaurants along with banquet and event rooms, pools that are open to the air, event and conference halls, spa facilities, apartments and hotel suites.

Visitors and residents of Trump SoHo can enjoy a stunning panorama of New York City from the windows that extend from floor to roof on all floors.

Handel Architects was entrusted the exterior design of Trump SoHo as the three organizations behind the structure were focused only on perfectionism.

https://assets.documentcloud.org/documents/3117892/Bayrock-Presentation.pdf Handel Architects has a diverse portfolio. It is a reputable firm. Other initiatives are the National September 11 Memorial and Museum and Abu Dhabi's Rosewood hotel and residential.

Rockwell Group designed Trump SoHo’s insides. Rockwell Group is responsible for the design of a variety of luxurious hotels, cafes,, as theatres and bars all over the world.

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

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

Their vision was for Trump SoHo buildings to be built in Arizona and Florida. They had similar terms to Trump SoHo. The result would be that the Trump Organization with an 18 percent stake in the structure as a compensation in exchange for the Trump brand in their names. Another opportunity.

The Trump Organization and Bayrock Group had everything prepared. They were able to prepare, but the financial meltdown of 2008 that severely disrupted the American real property market slows them down.

The American housing market was affected by the financial crisis. Tevfik arif, Bayrock Group founder, decided to quit the United States. He chose to leave the US to start a new career in Europe and Asia.

Although Tevfik Arif is no longer a part of Bayrock Group, he is still a trusted advisor to different divisions within Bayrock Group.

Bayrock Group has not been involved in any real estate development in recent times in the United States.

When the company was in business but it also invested in real property assets worth more than $2.5million. Tevfik Arif

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