Notes

Bayrock Group's Journey: From the Suburbs to Manhattan Tevfik Arif

Bayrock Group, a Tevfik Arif-led luxury real estate developer company, was able to work swiftly in conjunction with the Trump Organization in Manhattan shortly after its establishment.

Bayrock Group Moves from Suburbs, to Manhattan
Many people have dreams of moving to America to live the American dream. https://us.kompass.com/p/tevfik-arif-is-a-founder-of-leading-on-the-market-enterprise/2161e37e-0214-481e-9004-ec90eb7029e0/ However, very few people actually do. Turkish Kazakhstani businessman Tevfik Ark was one of the few who made it to America in 2001 to establish up Bayrock Group.

The Bayrock Group operates in New York City as a real estate development company.

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

Bayrock Group was able to make inroads into the American market for housing. The company began looking for large-scale projects.

The Arif-owned company began working with the Sapir Organization on a new large construction project on Spring Street in New York City.

Bayrock Group was also expanding and decided to relocate its headquarters into the Trump Tower in Midtown Manhattan.

Bayrock Group teams up with the Trump Organization
Tevfik Amir and his crew met with the Trump Organization in the process. https://www.facebook.com/Tevfik-Arif-1914745745445104/ They also utilized the Trump Tower for their base.

The talks began between Bayrock Group & the Trump Organization, as both organizations realized that they had many common concerns.

They formed a partnership that saw the Trump Organization joined Bayrock Group’s project with Sapir Organization on Spring Street.

At that time it was the Trump Organization was managed by the former American president Donald Trump.

E. Trump and Son was invented by his paternal grandparents Elizabeth Christ Trump and Fred Trump.

Donald Trump transferred the management to his children in 2017 just as he was about to enter the White House.

Bayrock Group's lucrative deal
Bayrock Group was relatively new to the New York City real estate scene at the time that the Trump Organization, Sapir Organization and Bayrock Group started their cooperation.

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

Tevfik Arif Bayrock According to the source, Trump Organization would obtain 18% equity for the building in return of using the Trump logo in the title.

The agreement was accepted by all three companies. In the year 2006, the first Trump SoHo brick was laid.

Two years later Bayrock Group, Trump Organization and Sapir Organization launched their contribution to New York City’s skyline with Trump SoHo.

Design professionals are in charge of Trump SoHo
Trump SoHo had 46 stories, including elite restaurants and bars, halls for events and banquet halls, as well as an outdoor swimming pool, a spa as well as hotel rooms and apartments.

Residents and visitors to Trump SoHo can enjoy a breathtaking panorama of New York City from the windows that extend from floor to roof on all floors.

Handel Architects was entrusted by Trump SoHo to design the exterior, as the three structures were all focused on perfection.

Handel Architects are a respected organization with a broad portfolio. It has many other achievements that include the National September 11 Memorial and Museum and Rosewood Abu Dhabi hotel residential.

Rockwell Group designed Trump SoHo’s interiors. Rockwell Group has designed many extravagant hotels, cafes bars theatres, and other venues across the globe over the years.

Their work includes the Tower Hotel, Mumbai, India, Taj Mahal Palace, and Tower Hotel, Mumbai, India; the 93rd Academy Award Show; and the Amara Hotel, Limassol.

Bayrock Group expands collaboration
Trump SoHo was a huge success and Bayrock Group and Trump Organization began to consider ways to expand their collaboration.

Their goal was to build structures in Arizona and Florida as Trump SoHo under the same terms as Trump SoHo. In exchange, Trump Organization would get 18 percent equity. Another opportunity.

Bayrock Group was prepared, as was the Trump Organization. However, the 2008 financial crisis, which terribly affected the American real market and ended their plans.

The American housing industry was significantly affected by the economic crisis. Tevfik, Bayrock Group founder was the one who decided to close his American-based business ventures. https://realtybiznews.com/what-happened-to-tevfik-arif-and-bayrock-groups-trump-soho/98760463/ He decided to move to Europe and Asia and Asia, where he started his career decades earlier.

While Tevfik Arif has ceased to be part of Bayrock Group, he is still a trusted advisor to different divisions of the company.

Bayrock Group was not involved in any recent real property developments in the United States.

https://www.nycourts.gov/LegacyPDFS/courts/comdiv/ny/PDFs/131-Bayrock.pdf However, the firm was still active and invested in real estate assets that were valued at more than $22.5 million.
Here's my website: https://www.facebook.com/Tevfik-Arif-1914745745445104/