Notes

Tevfik arif and Donald Trump are partners in building the Trump Soho

Bayrock Group is a New York-based business created by Tevfik Arif ( Turkish Kazakh-Kazakh) in 2001. Donald Trump is a client of the company.

Tevfik Arif fled Kazakhstan to the US with the intention to create an influential real estate enterprise. He was aware of the potential of the Trump name and joined forces with the Trump family. This enabled Tevfik arif and his Bayrock Group firm to take on a world-renowned project in real estate: the Trump Soho building.

This article will elaborate on the way Tevfik Arif and Donald Trump collaborated to build the luxurious Trump Soho building.

Tevfik Aif's early years in Kazakhstan
Tevfik Arif was born postwar and lived in the strict family of the Kazakh SSR. He was a gifted child and was an avid student despite the numerous restrictions that the war brought to his country.

His outstanding academic achievements led to him being accepted by Moscow University, where his studies were in international relations.

The career of Tevfik has been developed over many years that have seen massive transformations in the way the business is conducted.

His first career was a familiar one among young aspirant, successful men of his time.

https://medium.com/@v4lwlrm414/public-to-private-sector-how-tevfik-arif-successfully-changed-his-path-56465b91a918 Arif worked as an Soviet bureaucrat. The Soviet Ministry of Commerce and Trade employed Tevfik Arif for 17 years within the Hospitality Management Department. He was in many positions throughout his career and rose to the position of deputy director.

It is not surprising that Arif's enthusiasm for the management of hotels and property was influenced by his experiences in the Soviet Union. Tevfik Arif Bayrock Bayrock That experience would eventually make Arif look into these types of ventures in the private sector.

Tevfik Arif BayrockTevfik Arif In the 1990s during the 1990s, the Soviet Union crumbled and the industry was privatized. This led to a number of entrepreneurs who were able to get into the new economy through investments and acquisitions.

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

Arif continued to pursue his interests in the industry by establishing other businesses and partnership. His business eventually expanded into the food and automotive industries.

The Bayrock Group is Tefvik Arif’s path to New York real estate.
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 established by Tevfik arif.

The first projects of Bayrock were usually smaller even with Arif trying to understand the market and develop his networks.

His main focus shifted to Manhattan's prestigious real property market. Arif was a seasoned investor and businessman, and was able to manage the pressures of New York's real estate market.

Bayrock Group began by executing small to medium-sized New York projects. One example is the redevelopment of the Loehmann's Seaport Plaza, Brooklyn's Sheepshead neighborhood.

The Bayrock Group's success led to Tevfik Arif became increasingly ambitious. To ensure that the company was focused on the most important projects Tevfik Arif changed the company's strategy.

In the context of his new strategy, Bayrock Group moved its offices from Fifth Avenue to the Trump Tower in New York City.

The company relocated to be near Trump Organization. This resulted in greater benefits than any other location. It was home to one of the largest family organizations in the world.

Tevfik Arif's Bayrock Group and Donald Trump have become business partners
It's rare for Kazakhstani immigrants to have established successful business in America. Tevfik arif is the most well-known Kazakh figure.

He was a young man who tried numerous ways to make money before he was one of Donald Trump's business associates.

The members of the Trump Organization met Tevfik Alif and the Bayrock Group at the Trump Tower.

Bayrock Group was able to incorporate the Trump Organization in a New York City Soho area project due to the business connections.

Bayrock Group had already begun to collaborate with the Sapir Organization on a Soho project. tevfik arif, bayrock However, they felt they could benefit from the Trump Organization could provide brand recognition.

Tevfik arif has conceived a plan that would grant the Trump Organization 18% ownership of the Soho building. In return the Trump brand will be used to identify the name of the construction.

Bayrock Group hired renowned interior designers to design their building. Handel Architects conceptualized and developed the design for the building.

Handel Architects, a world pioneer in design and architecture, is recognized throughout the world.

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

Fendi Casa pieces were donated by the Rockwell Group to Trump Soho.

The Rockwell Group has a long list of clients that include Handel Architects. The clients of the firm include luxurious hotels, restaurants and casinos.

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

The connection between Tevfik and Donald Trump after the Soho project
Following the success of Trump Soho, the Bayrock Group and Trump Organization are planning to collaborate in other real estate ventures. These other realty projects are mostly located situated in Arizona and Florida.

However, the global economic crisis of 2008 slowed the business plans of the Bayrock Group and the Trump Organization.

Tevfik Arif Donuld Trump Tevfik Alif returned to Europe, Central Asia and the United States due to a changing market.

His studies have given him an extensive understanding of tourism, real estate and real estate. It also proved beneficial when he moved to Turkey in 1993, to begin a new venture.

Tevfik Arif established the Labada luxury hotel in Antalya and soon became a pioneering force behind the timeless all-inclusive resorts.

He was able to carry on his outstanding achievements throughout Europe, Central Asia for eight more years , before taking the Atlantic to take on American markets.

Bayrock Group spent $2.5million on real estate assets in the United States.

The Bayrock Group did not undertake any US real property development projects in the past few decades.

Tevfik is no anymore an employee of the Bayrock Group employee, but the former employee remains an important advisor.


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