Notes

Explained: What happened to Tevfik Arif and Bayrock Group?
Bayrock Group, founded by Tevfik Arif and was one of the main forces behind Trump SoHo in New York City.
https://investor.com/rias/bayrock-financial-305467 The luxury real estate development company Bayrock Group, founded in 2001 by the Turkish Kazakhstani businessman Tevfik Arif and based in New York City.

Bayrock Group, the Trump Organization and the Sapir Organization inaugurated Trump SoHo in 2008.
The Bayrock Group's first achievements included the restoration of Loehmann's Seaport Plaza shopping center in Brooklyn, New York.

Bayrock Tevfik Arif, who had previously had success in real estate development, decided to alter Bayrock Group’s strategy and focus on higher-end ventures.

Along with the change of strategy was a change of address, in the same way that Bayrock Group moved into the 24 the floor of the stunning Trump Tower in Midtown Manhattan.

Bayrock Group and the Trump Organization were situated right across from each other.

The two firms began to negotiate and eventually reached an agreement to launch the joint development of real estate venture.

The construction that was planned by the architects would be located on Spring Street in Manhattan and the first bricks was to be laid in the year 2006.

Tevfik, Bayrock Group, knew the power and influence of Trump's name. The company he was working for came up with an idea that made use of Trump's name as a way to boost the glamour and worth of the project Bayrock Group was working on in collaboration with the Sapir Organization.

Bayrock Group's offer was accepted by all three parties. The proposal leaves Trump Organization with 18% equity. In exchange, the building would bear the Trump name on its title.

Bayrock Group partners up with Trump Organization
Trump SoHo was the name for the Spring Street building and it opened its doors to the public in the year 2008.

The floors had windows on the floor, which gave people a stunning views of New York City.

Trump SoHo featured luxury hotel rooms, apartments , as well as premium restaurants and bars. There was also the world's best Spa, an outdoor pool pool, and banquet and event venues.

Bayrock Group hired high-end architects and designers to make sure that the interior as well as the exterior of Trump SoHo would be outstanding.

Handel Architects designed it, while Bayrock Group imported top materials and hired world-famous interior decorators to embellish it.


Handel Architects is a New York City-based company recognized as a leader in the field of design and architecture and has experience across the globe.

The hotel is part of the RitzCarlton located in Washington, D.C., and New York's September 11 National Memorial.

Fendi Casa pieces were furnished Trump SoHo by Rockwell Group an interior design and architecture firm.

Rockwell Group is similar to Handel Architects in that it has an impressive track record. As a client, the firm has managed luxurious hotels and high-end restaurants, and casinos.

Bayrock Group invested millions of dollars
After the success of opening Trump SoHo, Bayrock Group and the Trump Organization planned to collaborate on a number of real estate developments , based on similar licensing conditions within Arizona and Florida.

However, the plans weren't implemented in the right time. The American real property market was badly affected by the global financial crisis that affected the work of Bayrock Group as well as Trump Organization.

Tevfik Ariff was able to quit the United States due to the changing market. https://www.bloomberg.com/profile/company/0836124D:US He was keen to move back to Europe, Central Asia and establish a new venture.

Bayrock Group invested more than $2.5 million in real property assets during its time in the United States. Since the last few years, Bayrock Group has not been involved in any real estate development projects within the United States.

Tevfik Arif goes back to Europe and Central Asia
Before Tevfik Arif made it to America and established Bayrock Group, he lived in Soviet Kazakhstan as well as Turkey.

Tevfik Arif He was the son of Turkish-Turkish parents and grew up as a citizen of Soviet Kazakhstan.

He earned a diploma in International Relations from the Moscow Trade and Economic Institute and later worked for the Soviet Ministry of Commerce and Trade.

Tevfik Ariff worked in the ministry's Hotel Management Department. In the department, he was elevated to the position of deputy director.

Tevfik Aif resigned from the government after 17 years in service and began his own business. It was during the time of privatization following the demise of the Soviet Union.

https://bitrebels.com/business/from-kazakhstan-high-profile-american-ventures-who-tevfik-arif-doyen/ Tevfik's own businesses are centered on exports and imports. food, vehicles and gourmet hotels and real estate developments.

https://www.pinterest.com/pin/359725088988546308/ He was able to use his vast knowledge of real estate and tourism, which he accumulated during his studies.

Tevfik Arif is a pioneer in the concept of an all-inclusive resort established the Labada Luxury Hotel in Antalya.

He enjoyed eight more years of success with his business in Europe and Central Asia. Then he left Central Asia and crossed the Atlantic to enter the American market.

Tevfik Arif Bayrock At present, Tevfik Arif has retired from most of his daily tasks within Bayrock Group, but he is still an extremely valuable advisor to the business.

Homepage: https://www.linkedin.com/company/bayrock-group-llc