Notes

Closer view of Trump SoHo and Tevfik Arif Bayrock Group
Bayrock Group was founded in 2001 by Tevfik Amir an Armenian-Turkish entrepreneur. The initial genesis of Bayrock Group took place in another country.

This article will discuss the development of the history and the ownership of Bayrock Group. We'll also talk about the impact Bayrock Group’s Trump SoHo New York City building has had on the city.

Who is Tevfik Arif and what is the Bayrock Group?
Bayrock Group was created by Tevfik (a Turkish citizen born in Soviet Kazakhstan)

Tevfik graduated from the Moscow Trade and Economic Institute in International Relations.

After 17 years of service in the ministry, he decided to leave to establish a number of businesses. After the economic restructuring of the former Soviet Republics started He resorted to business.

Tevfik Arif’s early business ventures
Arif was in a position, as a government employee to build relationships and collaborate with many business leaders. These connections and abilities helped him expand the business interests of his clients.

The brother of his and he acquired the Akytyubinsk Chromium Chemicals Plant, (ACCP) in Kazakhstan in part of a joint venture. Tevfik Arif operated luxury real-estate development, food exports as well as imports. Through his many enterprises, Tevfik Arif forged many partnerships around the world.

He relocated to Turkey in 1993, and was instrumental in developing the famous all-inclusive hotels in Turkey. He launched the Labada Hotel Antalya and then moved on to his next venture over the Atlantic.

The basis of 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 in developing his network and knowledge of the market in his area, many of Bayrock's early projects were small.

He eventually focused his efforts on Manhattan's most prestigious real estate market. Arif was a seasoned investor and businessman despite the daunting nature of New York realty.

Bayrock Group's new headquarters are located in Manhattan's Trump Tower.

Bayrock Group began by executing small-to medium-sized projects throughout New York. Loehmann, Brooklyn's Seaport Plaza, was renovated, by the company.

Tevfik Arif became increasingly ambitious after Bayrock Group started well. He wanted to work on bigger projects, and decided to alter the company's strategy to focus on that.

As per his new plan, Bayrock Group moved its New York City offices to the Trump Tower on Fifth Avenue.

The relocation yielded more than a different location because it placed the business located near the Trump Organization. https://littlesis.org/person/50049-Tevfik_Arif The building also houses to the family's business that is recognized internationally.

The Bayrock Group Founded Trump Soho
Bayrock Group was inspired by the Trump Organization's idea of creating luxurious real estate projects. Tevfik Arif Doyen Thus, they formed an alliance.

The Bayrock Group was already working together with the Sapir Organization on a project on Spring Street in Manhattan’s SoHo quarter.

Bayrock Group would be able to join the Trump Organization into this project that would enhance Bayrock Group as well as the Sapir Organization; Tevfik Alif may get an established brand name.

Arif created an agreement in which he granted the Trump Organization 18% equity in this building in return to the use of the Trump brand.

Bayrock Group, Trump Organization, as well as the Sapir Organization approved this deal.

The very first brick for Donald Trump SoHo's new structure was thus laid in the year 2006.

The construction took two and a half years. It was finally ready to use after two years.

Trump SoHo design by construction veterans
Trump SoHo is home to accommodation, hotel rooms, and luxury eateries and bars. There's also a pool and spa. Bayrock Event and banquet rooms are also available.

Tevfik Arif Doyen The 46 floors of the hotel give amazing views of New York City thanks to ceiling-to-ceiling windows. From the hotel’s floor-to ceiling windows, guests can take in a an incredible view of the city.

Handel Architects conceived the building. https://www.bocaratontribune.com/bocaratonnews/2021/08/public-to-private-sector-how-tevfik-arif-successfully-changed-his-path/ Among its recent projects are the National September 11th Memorial and Museum and the Ritz-Carlton Hotel.

Rockwell Group for Bayrock Group was responsible for the interior design.

Seattle The city of Seattle, the Climate Pledge Arena in New York as well as Las Vegas are some cities and projects that the firm has worked in. https://www.talk-business.co.uk/2020/12/17/explained-what-happened-to-tevfik-arif-and-bayrock-group/ Indonesia, Mexico, and Spain are other countries in which the firm has experience in international markets.

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

Tevfik Arif's Bayrock Group invests millions of dollars in the United States
Due to the success of Trump SoHo, Bayrock Group began to design luxury real estate projects in conjunction with the Trump Organization.

With the Trump name they wanted to build buildings similar to Trump SoHo in Arizona and Florida.

Due to the 2008 financial crisis Due to the 2008 financial crisis, many projects in Arizona were not constructed.

Tevfik Alif, Bayrock Group founder and CEO, relocated to Central Asia and Europe after the U.S. Market changed.

Bayrock Group spent more than $2.5million on real estate assets during its period in the United States.

In recent times, Bayrock Group has not been part of any development of real estate project in the United States.

Tevfik Alif has retired from most of his daily duties at Bayrock Group. But, he is still an admired and trusted advisor for the

company.
Website: http://search.sunbiz.org/Inquiry/corporationsearch/SearchResults?inquiryType=EntityName&searchTerm=BAYROCK INVESTMENT CO. - COLLINS AVE. EXCHANGE, LLC