Notes

An in-depth look at Trump SoHo's Tevfik Arif Bayrock Group.
Bayrock Group was created in 2001 by Tevfik Arif who was a Turkish Kazakhstanstani Businessman. Bayrock Group was born in another country.

This article will give the background of Bayrock Group, as well as its founder, Tevfik Arif. We will also go over the impact of the Bayrock Group's Trump SoHo building in New York City.

What is the Bayrock Group work?
Bayrock Group was created by Tevfik (a Turkish citizen born in Soviet Kazakhstan)

Tevfik Ariff has graduated from Moscow Trade and Economic Institute with an International Relations degree.

After serving for 17 years of serving as a minister the minister was able to retire in 1991, and then set up several companies. Tevfik Arif Doyen Tevfik Arif He began to focus on business during the time of economic restructuring of former Soviet republics was underway.

Tevfik Arif's first business ventures
Arif was in a position to network and collaborate with a variety of business leaders while a government official. The value of his skills and connections allowed him to expand his business interest.

The brother of his and he acquired the Akytyubinsk Chromium Chemicals Plant(ACCP), Kazakhstan, as a joint-venture. Tevfik Arif Doyen Tevfik Arif operated luxury real-estate development, food exports, as well as imports. Through his many businesses, Tevfik Arif was able to acquire many global partners.

After his move to Turkey in 1994, he took on the responsibility for the development of Turkey's most well-known resorts that are all-inclusive. Bayrock He launched the Labada Hotel Antalya, before going on to his next venture across the Atlantic.

The base of Bayrock Group
Tevfik Ariff emigrated to America in 2001 to grow his business and be closer to his American family. https://www.bocaratontribune.com/bocaratonnews/2021/08/public-to-private-sector-how-tevfik-arif-successfully-changed-his-path/ He founded the Bayrock Group in New York City, a luxury real estate development company.

Bayrock's first projects, despite Arif’s efforts to develop his connections and understanding the local market, were numerous.

He finally decided to concentrate on Manhattan's highly regarded real estate market. Arif was a successful investor, and a business entrepreneur , despite the intimidating nature of New York realty.

Bayrock Group has moved its headquarters to Trump Tower, Manhattan.

Bayrock Group was initially involved in small to medium-sized New York City projects. Loehmann's Seaport Plaza in Brooklyn’s Sheepshead region was transformed by the company.

After Bayrock Group's success Tevfik Arif was driven to become more ambitious. He long for bigger projects , and also changed the business's strategy to focus it on its core business.

Bayrock Group, which is adopting a new approach, moved its New York City office into the Trump Tower on Fifth Avenue.

The location yielded significantly greater than the other location since it brought the company located near the Trump Organization. It is the home of the world-renowned family business.

How Trump Soho was created by the Bayrock Group
Bayrock Group and The Trump Organization had the same vision for high-end real estate developments. Therefore, they joined forces.

The Bayrock Group was already working with the Sapir Organization on another project located on Spring Street in Manhattan's SoHo quarter.

The inclusion of the Trump Organization in that project will increase the effectiveness of Bayrock Group and also the Sapir Organization; Tevfik arif was a brand with a name that had a lot of recognition.

Arif wrote an agreement that gave the Trump Organization 18% equity in the building, in exchange to using the Trump brand.

The agreement was approved by Bayrock Group, the Trump Organization, and the Sapir Organization.

The very first brick for Donald Trump SoHo's new building was laid in 2006.

Construction took two and half years. The building was finally ready to use after two years.

Trump SoHo was designed by design experts
Trump SoHo opened in Manhattan with hotel rooms, apartments and luxury eateries, as well as bars and an outdoor pool.

Through the floor-to-ceiling windows All floors provided stunning views of New York City. The city's view is unrivalled from the hotel's floor-to-ceiling windows.

https://www.glassdoor.com/Overview/Working-at-Bayrock-EI_IE820073.11,18.htm Handel Architects conceived the building. The most recent projects are the National September 11th Memorial and Museum as well as the Ritz the Carlton Hotel.

Rockwell Group was responsible for the interior design of the building.

The firm also has worked in Seattle, Las Vegas, New York's Climate Pledge Arena, and Las Vegas. International experience is also available in countries like Spain, Mexico, Indonesia, Mexico, and Spain.

Alt text: Trump SoHo building created by Tevfik Arif's, Bayrock Group

Caption - Trump SoHo building designed by Tevfik Arif's Bayrock Group

Tevfik Arif, Bayrock Group invests millions of dollars in the United States
The success of Trump SoHo led to Bayrock Group's partnership with the Trump Organization in planning luxurious real estate projects.

They wanted to construct buildings like Trump SoHo in Arizona, Florida using the Trump brand.

Due to the financial crisis which deeply affected American realty in 2008, the Arizona and Florida projects were never built.

Tevfik Ariff, Bayrock Group founder, explored other projects in Europe or Central Asia after the U.S. markets changed.

Bayrock Group invested more than $2.5 million in real estate assets when it was in America.

Bayrock Group was not involved in any recent real estate development project in the United States.

Tevfik Arif has retired from most of his responsibilities at Bayrock Group. Tevfik Arif Doyen He is, however, an admired and trusted advisor for the

company.
My Website: https://www.glassdoor.com/Overview/Working-at-Bayrock-EI_IE820073.11,18.htm