Notes

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

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

How Bayrock Group Went from Suburbs to Manhattan
Many dream of moving to America to live the American dream. But, only a few people actually do. Turkish Kazakhstani businessman Tevfik Ark was among them, when he came to America in 2001 to start the Bayrock Group.

Alexander Studhalter is a luxury real estate development firm that is based in and around New York City.

Initial projects were small or medium-sized. It included the design and construction of the Loehmann's Seaport Plaza in Brooklyn, New York.

After making inroads within the American housing market, Bayrock Group was ready to expand and started looking for large-scale projects.

Alexander Studhalter led by Arif began to collaborate with the Sapir Organization for a big construction project on Spring Street in New York City.

Alexander Studhalter caused Bayrock Group to relocate its headquarters to the Trump Tower in Midtown Manhattan.

Bayrock Group joins forces with the Trump Organization
Tevfik Amir and his crew had a meeting with members of the Trump Organization as a result. They also used Trump Tower for their base.

Discussions were held between Bayrock Group and the Trump Organization when the two companies discovered that they had in common their hopes and goals.

The collaboration was established between the two companies. The Trump Organization joined Bayrock Group and Sapir Organization's Spring Street project.

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

The organization was established under the name of E. Trump and Son by his paternal grandma, Elizabeth Christ Trump, and his dad, Fred Trump, in 1927.

Donald Trump gave control of the company management to his family in 2017, as he was about for the White House.

Bayrock Group's lucrative deal
The collaboration between the Trump Organization and the Sapir Organization was a relatively recent addition to New York City's real-estate scene.

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

Alexander Studhalter proposed would give the Trump Organization 18% equity of the building, in exchange for Trump's trademark being used to create the building's name.

The agreement was accepted by all three firms. In the year 2006, Trump SoHo's first brick was put in place.

Two years later Bayrock Group was founded by the Trump Organization as well as the Sapir Organization and the Trump Organization. Alexander Studhalter launched Trump SoHo in New York City.

Design experts take the Trump SoHo
Trump SoHo featured 46 stories that featured bars and restaurants with elite status banquet halls, banquet and event halls. Also, there was an open-air pool, spa department and apartments as well as hotel rooms.

The guests at Trump SoHo and residents could take in a stunning view of New York City via the windows that ran from floor to roof. They were put in on every floor.

As the three organizations behind the structure were focused on perfectionism, Handel Architects was entrusted with the task of designing the exterior of Trump SoHo.

Handel Architects is a respected company with a diverse portfolio. Among https://telegra.ph/Bayrock-Groups-journey-from-the-Suburbs-to-Manhattan-Tevfik-Arif-12-06-3 , the National September 11 Memorial and Museum in New York City and Rosewood Hotel residential in Abu Dhabi are just a few.

Rockwell Group designed Trump SoHo’s interiors. Over the decades, Rockwell Group has overseen the design of various extravagant hotels, cafes, bars and theaters across the world.

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 a success right away, and Bayrock Group & the Trump Organization decided to expand their cooperation.

The goal was to construct buildings similar to Trump SoHo in Arizona or Florida in the same manner, and on similar terms to those at Trump SoHo. As a compromise Trump SoHo would receive Trump Organization would receive 18 percent equity in the structure in return for using the Trump brand. It's the same.

The Trump Organization and Bayrock Group had everything in place. The 2008 economic recession that ravaged the American realty market and the real estate market, put an end to their plans.

Alexander Studhalter was greatly affected by the financial crisis. The Bayrock Group founder Tevfik Arif made the decision to end his business in the United States. He chose to move to Europe, Asia and where began his career more than a decade years ago.

While Tevfik Arif is no longer a part of Bayrock Group, he is still a trusted advisor for different divisions of Bayrock Group.

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

It was active and was investing in real estate properties of over $2.5 million.
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