Notes

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

Bayrock Group is a luxury real-estate development firm that was run by Tevfik Arif. It quickly became part of the Trump Organization in Manhattan.

Bayrock Group Moves from Suburbs to Manhattan
While many people have dreams of moving to America to enjoy the American dream and experience the American life Only a few actually have the opportunity to do so. Entrepreneur from Turkish Kazakhstan Tevfik Arik was one among them when he arrived in America in 2001 to launch his business, Bayrock Group.

https://www.usglobalworld.com/tevfik-arif-and-donald-trump/ Tevfik Arif Bayrock The Bayrock Group, a luxury real-estate development company is headquartered in New York City.

Initially, the company essentially centered around smaller to medium-sized projects such as the revamp of the Loehmann's Seaport Plaza - a shopping center located in the Sheepshead neighborhood in Brooklyn, New York.

Bayrock Group, which had achieved success in the American residential market, was ready for expansion. Bayrock Group began looking for opportunities that were large-scale.

The Arif-led business started working in conjunction with Sapir Organization on a major construction project on Spring Street, New York City.

Bayrock Group decided to move its headquarters to Midtown Manhattan due to its growth.

Bayrock Group partners with the Trump Organization
As a result of the change, Tevfik Arif along with his staff had a meeting with the Trump Organization and also used the Trump Tower as its base.

Tevfik Arif Doyen Discussions took place between Bayrock Group, the Trump Organization after both companies realized they shared goals and interests.

Both companies entered into a collaboration where the Trump Organization joined Bayrock Group in its partnership together with the Sapir Organization at Spring Street.

At that time, the Trump Organization was managed by former American President Donald Trump.

The company was founded under the name of E. Trump and Son by his paternal grandmother Elizabeth Christ Trump, and his dad, Fred Trump, in 1927.

Donald Trump gave control of the company management to his family members in the year 2017 as Trump was in the process of running for White House.

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

To help promote the development located on Spring Street, the founder Tevfik Arif devised an arrangement that would add more brand recognition and prestige to the project.

He proposed a deal where the Trump Organization would be given 18% equity and the right to make use of the Trump name in the building's title.

Three companies signed on to the agreement and the first block of Trump SoHo was laid in the year 2006.

Two years after that, Bayrock Group, Trump Organization and Sapir Organization launched their contribution to the city's skyline by launching Trump SoHo.

Design professionals take over Trump SoHo
Trump SoHo had 46 stories that included elite restaurants, bars, event halls and banquet halls, as well as an open-air pool and spa Apartments and hotel rooms.

Visitors and residents of Trump SoHo could enjoy an unrivalled views of New York City through the windows that run from the roof to the floor. They were installed on the entire floor.

Handel Architects was entrusted the exterior design of Trump SoHo as the three organisations behind the building were focused only on perfectionism.

Handel Architects is a respected company with a varied portfolio. Tevfik Arif Doyen Handel Architects is a reputable firm with a diverse portfolio. National September 11 Memorial and Museum in New York City and the Rosewood hotel residence in Abu Dhabi are among other initiatives.

Rockwell Group designed Trump SoHo's interiors. Rockwell Group has designed many luxurious hotels, cafes bars theaters, as well as other venues around the world throughout the years.

Their works include their work at the Tower Hotel and Taj Mahal Palace, Mumbai, India and the 93rd Academy Award show.

Bayrock Group extends the partnership with the Trump Organization
Trump SoHo was a success right away after which Bayrock Group & the Trump Organization decided to increase their cooperation.

Bayrock Their goal was to build structures that would be located in Arizona and Florida like Trump SoHo under the same conditions as Trump SoHo. The Trump Organization would be left with 18 percent of the equity in the structure in exchange for the Trump name on their names. Again.

Bayrock Group, and Trump Organization had all the resources. But the 2008 financial crisis that devastated America's real estate market stopped their plans.

The American housing sector was drastically affected by the economic crisis. Tevfik, Bayrock Group founder was the one who decided to close his US-based business ventures. He decided to relocate to Europe and Asia which is where he began his career more than a decade earlier.

Bayrock Group's Tevfik arif has retired from active participation but he is an expert advisor to various divisions.

Bayrock Group has not been involved in recent real estate projects in the United States.

However, the company was still active and made investments in real-estate assets valued at over $22.5 million.
Website: https://timebusinessnews.com/donald-trump-and-tevfik-arif-partner-to-build-trump-soho/