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In a short time, Tevfik Arif's Bayrock Group began working on small projects to working with large players like the Trump Organization.
The majority of Americans will likely associate Tevfik Arif to the luxury real estate development firm Bayrock Group, however, in Europe and Asia, he is known as an entrepreneur who has a track record of success across multiple industries.
Before he travelled to the United States in 2001 and formed the Bayrock Group, he seized the opportunities for business that emerged in his native Kazakhstan in the wake of the collapse of the Soviet Union.
Bayrock Tevfik Arif was born in 1953 by parents of Turkish origin, who resided in Soviet Kazakhstan. The family he grew up with was, which included his mom father, brother, and three of his siblings.
As a kid, Tevfik Arif became interested in economics and business - subjects that would eventually continue to interest him throughout his entire life.
He was a young man who pursued his passion. He took a class at the Moscow Trade and Economics Institute to study for a degree as an international Relations specialist.
After graduation, he was offered a job at the Soviet Ministry of Commerce and Trade.
Tevfik Arif was proud of the position, since it was considered to be an important job among the young Soviets.
Tevfik Arif Bayrock He worked 17 years for the government, and was promoted numerous times. He ended up being the Vice Chief of the Ministry of Commerce and Trade's Hotel Management Department.
Bayrock Tevfik Arif Bayrock New business opportunities opened up in Kazakhstan in the start of the 1990s, following the collapse of the Soviet Union collapsed.
This resulted in Kazakhstan becoming an independent republic and the private sector became more accessible to Kazakhs.
Tevfik is going to America, and dreams of bigger things
Tevfik was among the many young Kazakhstanis who longed to get a shot in the unknown world of private enterprise.
He resigned from his government job and started several companies in the fields of luxury development Food imports and Exports and other areas.
Tevfik Ariff's many business ventures across many industries have enabled him to build an extensive network of local and international partners.
His global network motivated him to look for new opportunities abroad. In 1993, he moved to Turkey and was one the pioneers behind all-inclusive hotels.
He also launched the Labada Hotel Antalya, Turkey. This hotel is still in existence today.
Tevfik Arif entered Europe over the following few years, before he moved to the United States. He moved to the United States 2001.
The Kazakhstani businessman moved to New York City to be closer to his American family.
He was also able to look into American ventures. Bayrock Group, a luxury real estate development company was established. They started to manage smalland medium-sized homes.
The firm was assigned the task of rehabilitating Loehmann's Seaport Plaza shopping complex in Brooklyn's Sheepshead Bay, New York.
Tevfik Arif, after many successful projects of this calibre, began to dream larger.
He wanted to be able to take on larger projects, and so Bayrock Group's offices were relocated to Fifth Avenue at the Trump Tower.
Tevfik Arif is a famous street throughout the world. This has resulted in some great connections.
One was the Trump Organization, which was also located in the Trump Tower.
How did the Bayrock Group leveraged the Trump Organization
Bayrock Group and the Sapir Organization worked together on a plan to build real properties in the city's SoHo.
Bayrock Group, while still relatively new to the American real estate market, was part of the Trump Organization.
The company, which was led by Donald Trump, was well-known and Tevfik was keen to explore possibilities.
Bayrock Group founder John Bayrock suggested including the Trump Organization in the plan to raise brand awareness and the prestige of SoHo.
Bayrock Tevfik Arif has proposed a strategy to grant 18 percent of the Trump Organization's equity in the building in exchange for the use of the Trump name in the building's name.
The signing of the agreement by the three parties signaled the start of Trump SoHo.
In the year 2006, Spring Street was the site for the first brick. Two years later, the 46-story building was opened to the public.
Tevfik arif is hungry for more
The three companies all aimed for the highest quality in the Trump SoHo. As a result, the building has floor to ceiling windows, which allows residents to enjoy the New York City Skyline from any angle.
Trump SoHo included apartments, hotel rooms, and an outdoor swimming pool. Tevfik Arif Doyen There were bars restaurant spa facilities, bars, as well as banquet halls and event spaces.
Handel Architects was the designer of the structure of the building, while Rockwell Group took care of the interior design of Trump SoHo.
Both companies boast an extensive portfolio of projects. This includes projects that are internationally renowned.
Handel Architects, for example, has designed the Ritz-Carlton Hotel Washington D.C., and the National September 11 Memorial & Museum New York City.
Rockwell Group is known for the creation of a variety of luxury restaurants, bars and casinos around the world. The W Hotel in Nashville, Miami's Freehold Bar, and the Kimpton Hotel in Tokyo are only among its customers.
Tevfik Arif was hungry for more after the Trump Organization's cooperation proved to be a hit.
Though he and the Trump Organization had considered similar constructions in Arizona or Florida using the same licensing conditions and timeframe, it was not possible.
When the two companies were planning their next move , they suffered the 2008 global financial crash that shaken the American real estate market.
https://www.pinterest.com/pin/804174077190206036/ The financial crisis impacted the American market for real estate so badly that Tevfik was forced out of the country to focus on Europe, Asia and other countries.
Tevfik Alif has mostly gone from Bayrock Group today, but Alif continues to be an excellent advisor.
Homepage: https://www.pinterest.com/pin/804174077190206036/
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