Notes

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

Bayrock Group was founded by Tevfik Arif and quickly found itself working in Manhattan in conjunction with the Trump Organization.

Bayrock Group Moves from Suburbs and to Manhattan
Many people dream of coming to the United States to live the American dream However, only a handful of people make it. Turkish-Kazakhstani businessman Tevfik Arif was one of the few who made it to America in 2001 to established his own company, Bayrock Group.

The Bayrock Group, a luxury real estate development firm is headquartered in New York City.

The initial focus of the firm was on small to medium-sized projects like the redesign of the Loehmanns Seaport Plaza, which is an area of shopping in Brooklyn's Sheepshead, New York.


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

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

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

Bayrock Group teams up with the Trump Organization
The move resulted in Tevfik and his staff meeting the Trump Organization. The organization also had the Trump Tower at its base.

Tevfik Arif Bayrock The talks began between Bayrock Group & the Trump Organization, as both firms realized that they shared many similar concerns.

The two companies came together to form a partnership that saw the Trump Organization joined Bayrock Group in its venture in partnership with the Sapir Organization at Spring Street.

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

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

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

Tevfik Ariff, the founder of Spring Street, created an arrangement to increase the brand's recognition and reputation.

He proposed a deal where the Trump Organization would be given 18% equity and the right to utilize the Trump name in the title of this building.

https://midhudsonnews.com/2020/08/14/tevfik-arif-revealed-the-man-behind-bayrock-group-and-trump-soho/ Three companies ratified the agreement and the very first block of Trump SoHo was laid in the year 2006.

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

Design professionals take over Trump SoHo
Trump SoHo's 46 stories included exclusive bars and restaurants as well event and banquet rooms, outdoor pools and event halls, a spa department Apartments and hotel suites.

Residents and visitors of Trump SoHo could enjoy an unprecedented view of New York City through the structure's floor-to-roof windows, which were put in place on all floors.

Handel Architects was entrusted by Trump SoHo to design the exterior, while the three buildings were all focused on achieving perfection.

Handel Architects has a diverse portfolio. It is a highly regarded company. Tevfik Arif The other projects are the National September 11 Memorial and Museum, New York City as well as the Rosewood residential hotel in Abu Dhabi.

Rockwell Group designed Trump SoHo's interiors. Rockwell Group is responsible for the design of a variety of luxurious hotels, cafes, as well as theaters and bars all over the world.

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

Bayrock Group expands collaboration
Trump SoHo was an immediate success, and it was the catalyst for Bayrock Group and the Trump Organization to look into increasing their cooperation.

Their dream was to build structures that resembled Trump SoHo in Arizona or Florida and with the same conditions to those of Trump SoHo. This would leave the Trump Organization with an 18 percent stake in the structure as a compensation for utilizing the Trump brand in their names. Again, it's.

The Trump Organization and Bayrock Group had everything prepared. However, the 2008 financial crisis, which severely disrupted the American real property market was the catalyst that stopped their plans.

The American housing market was severely affected by the crisis. Tevfik, Bayrock Group founder was the one who decided to close his US-based business ventures. Tevfik Arif Doyen He decided to move to Europe or Asia and where his professional career started many years before.

Although Tevfik is no longer working for Bayrock Group, the trusted advisor to the various divisions of Bayrock Group is still him.

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

While the company was active it did invest in real property assets worth more than $2.5million.

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