Notes

Bayrock Group: From the Suburbs and Manhattan Tevfik Arif

Bayrock Group, a Tevfik Arif-led luxury real estate developer firm, began working quickly with the Trump Organization in Manhattan shortly after its founding.

Bayrock Group Goes from the Suburbs into Manhattan
Many people dream of going to America to live the American dream. https://www.gettyimages.com/photos/tevfik-arif However, very few people do. Turkish-Kazakhstani entrepreneur Tevfik Arik was one among those who came to America in 2001 to launch his company, Bayrock Group.

The Bayrock Group is an exclusive real estate development firm working in New York City.

https://www.reddit.com/r/Kazakhstan/comments/cds4wn/all_about_tevfik_arif_and_bayrock_group_beyond/ The initial goal of the firm was on small to medium-sized projects like the redesign Loehmanns Seaport Plaza, which is a shopping center located in Brooklyn's Sheepshead, New York.

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

The Arif-driven companies began working with the Sapir Organization for a big construction project on Spring Street in New York City.

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

Bayrock Group team up with the Trump Organization
Tevfik Arif, his staff, and the Trump Organization came together due to the meeting. The Trump Organization also had the Trump Tower to its base.

Conversations took place between Bayrock Group and the Trump Organization when the two companies discovered that they shared their dreams and interests.

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

Former American President Donald Trump ran the Trump Organization at that time.

E. Trump and Son was created by his maternal grandma Elizabeth Christ Trump and Fred Trump (in 1927).

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

Bayrock Group's lucrative deal
Bayrock Group, The Trump Organization, as well as The Sapir Organization were still relatively new to the New York City real estate scene at the time of the collaboration.

To promote the project in Spring Street, the founder Tevfik Arif came up with an arrangement that would add more brand recognition and prestige to it.

According to the source, Trump Organization would obtain 18% equity in the building , in exchange for having the Trump logo on the building's title.

https://www.linkedin.com/company/bayrock-group-llc All three of the businesses involved signed on to the agreement. In 2006, the first construction began for the project that would later become Trump SoHo.

Two years later Bayrock Group (the Trump Organization) along with the Sapir Organization created Trump SoHo to add to New York City's skyline.

Design experts take over of the Trump SoHo
Trump SoHo's 46 stories featured elite eateries and bars events and banquet halls, an open-air pool as well as a spa department. hotels, and apartments.

Tevfik Arif Visitors and residents of Trump SoHo can enjoy a stunning view 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 companies behind the building were focused exclusively on perfection.

Handel Architects, a respected firm with a broad portfolio, is well-respected. The National September 11 Memorial and Museum in New York City and the Rosewood hotel residence in Abu Dhabi are among other undertakings.

Tevfik Arif Rockwell Group designed Trump SoHo's interiors. Rockwell Group has been responsible for the design of numerous extravagant bars, hotels, and cafes across the world over the years.

They've worked on the Tower Hotel and Taj Mahal Palace in Mumbai, India, as also the 93rd Academy Award show in Cyprus and the Amara Hotel Limassol, Cyprus.

Bayrock Group and the Trump Organization expand the partnership
Trump SoHo was an immediate successand it has was the catalyst for Bayrock Group and the Trump Organization to consider increasing their cooperation.

The goal was to construct structures that resembled Trump SoHo in Arizona or Florida, with similar terms as those offered at Trump SoHo. In exchange, the Trump Organization would receive 18 percent equity in the structure, in exchange for the use of the Trump brand. It's the same.

Bayrock Group was prepared, and so was the Trump Organization. But the 2008 financial crisis that severely shook the American real market and stopped their plans.

The crisis changed the American housing market sector very extensively. Tevfik, Bayrock Group founder decided to stop his US-based business ventures. He decided to move to Europe and Asia, where he began his career more than a decade earlier.

Bayrock Group has ceased to be operational, however Tevfik Ariff continues to be an advisor to various divisions.

Bayrock Group has not been involved with any recent real-estate projects in the United States.

Although it was not active the company invested over $2.5million in real property.


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