Notes

Bayrock Group's journey from the Suburbs To Manhattan Tevfik Arif

Bayrock Group, a luxury real estate development company driven by Tevfik Arif, found itself rapidly cooperating in conjunction with the Trump Organization in Manhattan.

Bayrock Group Moves from the Suburbs to Manhattan
Many dream of visiting the United States and live the American dream. However, very few actually achieve it. Turkish-Kazakhstani businessman Tevfik Arik was among those who came to America in 2001 to establish his own company, Bayrock Group.

The Bayrock Group is a luxury real estate development company that is based within and around New York City.

The company's initial focus was primarily focused on small to medium-sized projects like the redesign of the Loehmann's Seaport Plaza - a shopping center located in the Sheepshead neighborhood of Brooklyn, New York.

After seeing its name gain traction in the American housing market, Bayrock Group was ready to expand its operations and began looking for large-scale projects.

The Arif-driven organization began working in conjunction with Sapir Organization in a new large construction on Spring Street in New York City.

Bayrock Group moved its headquarters from the Bayrock Tower to Midtown Manhattan because of the business's rapid growth.

Bayrock Group joins forces with the Trump Organization
Tevfik Arif, his team, and the Trump Organization came together due to the meeting. The group also had the Trump Tower to its base.

The talks began between Bayrock Group & the Trump Organization in the same year, when both organizations realized that they shared numerous common concerns.

Both companies formed a cooperation in which the Trump Organization joined Bayrock Group in its partnership together with the Sapir Organization at Spring Street.

The Trump Organization was then run by the former American President Donald Trump.

His maternal grandmother Elizabeth Christ Trump and Fred Trump in 1927 founded the company in 1927 under the name of E. Trump and Son.

In 2017 Donald Trump handed over the management of the company to his kids, as he was about to take over the White House.

Bayrock Group's lucrative deal
Bayrock Group, The Trump Organization The Trump Organization, as well as the Sapir Organization were still relatively new to the New York City real estate scene at the time of the collaboration.

Tevfik Ariff, the founder of Spring Street, created an arrangement to boost the brand's recognition and reputation.

In return in exchange for the Trump brand that is used in the construction's title, the Trump Organization would receive 18% equity in this structure, according to his proposal.

The arrangement was accepted by all three companies. In 2006, Trump SoHo's first brick was laid.

A few years after, Bayrock Group and the Trump Organization, along with the Sapir Organization, inaugurated Trump SoHo as their contribution to New York City’s skyline.

Design experts take over Trump SoHo
Trump SoHo boasted 46 stories of exclusive eateries, bars, banquet and event venues, an open air pool, spa area apartment, as well as hotel rooms.

Tevfik Arif Visitors to Trump SoHo and residents could take in a stunning view of New York City via the floor-to roof windows that were put in on every floor.

Tevfik Arif Doyen Tevfik Arif Doyen As the three organizations behind the structure were focused on perfectionism, Handel Architects was entrusted with the task of designing the exterior of Trump SoHo.

Tevfik Arif Handel Architects is a respected firm with a wide portfolio. There are many other accomplishments, including the National September 11 Memorial and Museum and Rosewood Abu Dhabi hotel residential.

Rockwell Group designed Trump SoHo’s interiors. Rockwell Group has oversaw the design of many lavish cafes and hotels around the globe.

They have worked on the Tower Hotel and Taj Mahal Palace in Mumbai, India, as well as the 93rd Academy Award show in Cyprus and the Amara Hotel Limassol, Cyprus.

Bayrock Group, Trump Organization increase the partnership
Trump SoHo was a great immediate success, which led Bayrock Group to expand their collaboration with the Trump Organization.

Tevfik Arif Doyen The company's dream was to build buildings like Trump SoHo, Arizona and Florida with the same conditions they have with Trump SoHo. As a compromise, Trump SoHo would receive Trump Organization would receive 18 percent equity in this structure, in exchange for the use of the Trump brand. Another opportunity.

Bayrock Group was prepared, and so was the Trump Organization. https://www.bisnow.com/tags/bayrock-group They were able to plan , however the 2008 financial crisis which severely disrupted the American real estate market slows them down.

The American housing sector was drastically affected by the crisis. Tevfik Alif, Bayrock Group founder and CEO, decided to quit the United States. He decided to relocate to Europe and Asia which is where he began his career a few decades earlier.

Bayrock Group's Tevfik arif has retired from active participation but he continues to be a trusted advisor for different divisions.

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

When it was in operation, the firm invested more than $2.5million in real estate properties.
Here's my website: http://www.bayrockrealestate.com/