Notes

We look closer at Trump SoHo and Tevfik Arif Bayrock Group
Established in 2001, Bayrock Group develops luxury real estate in New York City by Turkish-Kazakhstani businessman Tevfik Arif. Bayrock Group's genesis was initially in another country.

This article will present the background of Bayrock Group, as well as its owner, Tevfik Arif. We will also discuss the significance of the Bayrock Group's Trump SoHo building in New York City.

What is the Bayrock Group work?
Bayrock Group was established by Tevfik who was born into an ethnically Turkish family in Soviet Kazakhstan.

Tevfik earned a degree from the Moscow Trade and Economic Institute in International Relations.

After 17 years of service to the ministry, he retired to start several companies. He turned his attention to business when the economic restructuring of former Soviet republics was underway.


Bayrock Tevfik Arif's first business endeavors
Arif As a senior government official, had the opportunity to collaborate and network with several business leaders. As a result of these connections and skills the man was able expand his business interests.

The brother of his and he bought the Akytyubinsk Chemicals Plant(ACCP), Kazakhstan, as a joint venture. https://bitrebels.com/business/from-kazakhstan-high-profile-american-ventures-who-tevfik-arif-doyen/ Tevfik Arif owned luxury real properties, food imports, and exports. Tevfik Arif Bayrock Tevfik Arif Doyen Through his various companies, Tevfik Arif forged many partnerships around the world.

He was instrumental in the creation of Turkey's all-inclusive hotels after the move to Turkey in 1993. He launched the Labada Hotel in Antalya before moving on to his next venture across the Atlantic.

Bayrock Group
Tevfik moved to the United States in 2001 to expand and be near his American family. Bayrock Group was a New York City real estate development firm.

Despite Arif's efforts to build his connections and understanding of the market in his area, a lot of Bayrock's early projects were small.

Arif eventually switched his focus on Manhattan's more prestigious real property market. Tevfik Arif Doyen Despite the challenges of New York real estate, Arif was an experienced investor and business entrepreneurs.

Bayrock Group's new headquarters is situated in Manhattan's Trump Tower.

Bayrock Group initially executed small to medium-sized projects in New York. Loehmann's Seaport Plaza in Brooklyn's Sheepshead area, for example, was renovated by the company.

Tevfik Arif became increasingly ambitious after Bayrock Group started well. He wanted to focus on more significant projects, and therefore he changed Bayrock Group's strategy.

Bayrock Group's New York City offices were relocated to the Trump Tower on Fifth Avenue in the context of his new strategy.

The move was more successful than any other location since it placed the company close to the Trump Organization. The world-renowned family organization namely is located in the same building.

Bayrock Group.
Bayrock Group was inspired by the Trump Organization's dream of developing luxury real estate projects. Therefore, they formed an alliance.

The Bayrock Group already worked with the Sapir Organization to complete another project in Manhattan's SoHo Quarter along Spring Street.

Incorporating Trump Organization into that project could boost Bayrock Group and the Sapir Organization; Tevfik Arif was a brand with a lot of recognition.

Arif reached an agreement that gives the Trump Organization 18% equity to the building, in exchange for using the Trump name.

Bayrock Group, Trump Organization along with the Sapir Organization approved this deal.

As a result, the first block of SoHo, Trump SoHo was put in place in 2006.

Tevfik Arif The building's construction took two-years, and it was ready to be inaugurated after two years.

Bayrock Trump SoHo is a project designed by design professionals
Trump SoHo is home to hotels, apartments and hotel rooms as well as luxury eateries and bars. There's an indoor pool and spa. Banquet and event rooms are available.

Each floor was awe-inspiring with views of New York City from floor-to ceiling windows. The view of the city is breathtaking from the hotel's floor-to ceiling windows.

Handel Architects conceived the building. The most recent projects are the National September 11th Memorial and Museum and RitzCarlton Hotel.

Rockwell Group, on behalf Bayrock Group, designed the interior of the building.

Some of the cities and initiatives that the firm has worked on include Seattle New York's Climate Pledge Arena and Las Vegas. Indonesia, Mexico, and Spain are also countries where the firm has worked internationally.

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Caption: Trump SoHo Building created by Tevfik Arif, Bayrock Group

Tevfik Arif's Bayrock Group invests millions into the United States
Due to the success at Trump SoHo, Bayrock Group was able to work together with the Trump Organization on other luxury real estate projects.

They wanted to build buildings in Arizona and Florida under the Trump name.

Due to the economic crisis that profoundly affected American real estate in 2008 the Arizona and Florida projects never got built.

Tevfik, Bayrock Group founder started to explore other projects in Europe as well as Central Asia after the U.S. market had changed.

Bayrock Group, while active in the United States, invested more $2.5 million in real assets.

In the past few years, Bayrock Group has not been involved in any development of real estate project in the United States.

Tevfik Ariff has resigned from his work in Bayrock Group. He is, however, an admired and trusted advisor to the

company.

Website: https://bitrebels.com/business/from-kazakhstan-high-profile-american-ventures-who-tevfik-arif-doyen/