Notes

Tevfik Alif and Donald Trump team up to create Trump Soho

Bayrock Group is a New York-based firm founded by Tevfik Arif ( Turkish Kazakh-Kazakh) in 2001. Donald Trump is one of the most well-known clients of the business.

Tevfik Arif immigrated from Kazakhstan to the US with the goal of establish a powerful real estate company. Tevfik Arif Bayrock He was aware of the power of Trump and partnered in the venture with his family. This allowed Tevfik Aif, and his business the Bayrock Group to manage an internationally renowned real estate project called the Trump Soho Building.

Tevfik Arif Bayrock This article will describe how Donald Trump and Tevfik Amir have collaborated to build the lavish Trump Soho Building.

Tevfik Atif's early life as well as his experiences in Kazakhstan
Tevfik Aif was born after the war and grew up in the Kazakh SSR. He was an exceptionally gifted child and was a lover of studying, despite the many restrictions the war brought to his family.

His outstanding academic achievements resulted in him being accepted at Moscow University, where his studies focused on international relations.

The career of Tevfik was built over many years that have seen massive shifts in how business is run.

His early career took the usual path of the generation of successful, young and promising young men.

Arif was employed by the Soviet the bureaucracy of the government. The Soviet Ministry of Commerce and Trade employed Tevfik Arif for 17 years as a member of the Hospitality Management Department. He held many roles during his career and became deputy director.

While working for the Soviet government certainly sparked an interest in the development of hotels and management. That experience would eventually make Arif to pursue these kinds of businesses in the private sector.

The Soviet Union collapsed in the early 1990s. The industry was later privatized. A lot of people saw the chance to become entrepreneurs by investing in and buying new businesses.

Arif as well as his siblings made investments in the field of natural resource in Kazakhstan and other former Soviet republics.

Arif continued to pursue his interests in the industry by starting other companies and partnerships. Eventually, he would expand his operations into the automotive and food industries.

Tefvik Arif's journey into New York real estate: the Bayrock Group
In 2001, Tevfik Arif moved to America to grow his business as well as be closer to his American family. Bayrock Group, a New York City-based luxury real estate developer was founded by Tevfik Ariff.

Bayrock's initial projects were often smaller even with Arif trying to comprehend the market and build his relationships.

He finally shifted his main concentration to Manhattan's famous residential real estate market. Arif was able to handle the pressure in spite of New York's daunting real property market.

Bayrock Group initially executed small-to medium-sized New York City projects. For example, the company renovated the Loehmann's Seaport Plaza in Brooklyn's Sheepshead area.

Tevfik Arif became more ambitious following the successes of Bayrock Group. To focus the company's strategy on more significant projects, he made the decision to change the strategy of the company.

Bayrock Group has moved its New York City offices from Fifth Avenue, to the Trump Tower in New York City.

The company moved its headquarters to be near Trump Organization. https://www.nycourts.gov/LegacyPDFS/courts/comdiv/ny/PDFs/131-Bayrock.pdf The move resulted in greater benefits than any other area. This building housed one of the most famous family-owned businesses in the history of the world.

Donald Trump and Tevfik Aif's Bayrock Group become business partners
There aren't many Kazakhstani immigrant entrepreneurs who have managed to make their mark in the US. Tevfik Alif is an eminent Kazakh figure.

He's tried a range of business strategies since a young age to become one of Trump's business partners.

At the Trump Tower, Tevfik Aif and members of the Bayrock Group met with members of the Trump Organization.

In light of these business connections, Bayrock Group included Trump Organization into a New York City Soho project.

A project in Soho was being developed in collaboration with Bayrock Group and the Sapir Organization. But, they believed they could benefit from the Trump Organization would add brand visibility and prestige.

Bayrock Tevfik Arif drafted a plan to give the Trump Organization 18% equity in the Soho building. In exchange the Trump brand would be used as the construction's name.

Bayrock Group hired renowned interior designers to design their building. Handel Architects conceived and created the building.

Handel Architects, a world leader in design and architecture is recognized worldwide.

The Ritz-Carlton Hotel located in Washington, D.C., the September 11th National Memorial, New York City are just two of the projects.

Fendi Casa pieces have been donated by Rockwell Group for Trump Soho.

Rockwell Group is also known for its impressive portfolio, which comprises Handel Architects. The firm's clients are several luxury hotels, upscale restaurants and casinos.

The agreement was signed by the Trump Organization, Bayrock Group and the Sapir Organization. Construction of Trump Soho could start in the year 2006.

The relationship between Tevfik and Donald Trump after the Soho project
Trump Organization and Bayrock Group will collaborate on various other real estate projects following Trump Soho's launch. These other real estate projects are mostly located in Arizona and Florida.

The global financial crisis which hit the world in 2008 was a hindrance to the strategies of the Bayrock Group as well as the Trump Organization.

Tevfik Arif, a result of a shifting American market, returned to Central Asia/Europe.

With his education, he's gained extensive knowledge of tourism and real estate. The knowledge he gained was also utilized when he moved to Turkey to establish a business in 1993.

Tevfik Arif was the first person to open the Labada luxurious hotel in Antalya. It quickly was a major factor behind the timeless resorts that are all-inclusive.

He was rewarded with another eight years of outstanding accomplishments throughout Europe as well as Central Asia before he went across the Atlantic to conquer the American market.

Bayrock Group's real estate investments in the United States totalled $2.5 million.

The Bayrock Group did not undertake any US real property development projects over the last couple of decades.

https://www.crunchbase.com/person/tevfik-arif Tevfik is no anymore an official Bayrock Group employee, but the former employee remains an expert advisor.


Here's my website: https://twitter.com/tevfikarifba