Tevfik Arif, Donald Trump's alliance to build the Trump Soho
Bayrock Group, New York's company with its headquarters in New York, was founded in 2001 by Tevfik , an Turkish Kazakh businessman. Donald Trump is a client of the company.
Tevfik Alif fled Kazakhstan to establish a powerful real estate business. He knew of the Trump family's influence and joined the partnership. This enabled Tevfik Alif as well as Bayrock Group Bayrock Group to lead an internationally renowned project for property: the Trump Soho.
This article will describe the way Donald Trump teamed up with Tevfik and Arif in the construction of the Trump Soho building.
Tevfik Atif's childhood and experiences in Kazakhstan
Tevfik Arif was a post-war child, who was part of the Kazakh SSR's strict family. He was a talented child who always liked to study despite all the limitations that war brought to people's homes.
His outstanding academic achievements led him into Moscow University, where was studied economics and international relationships.
Tevfik Aif's career in business has spanned decades and have seen significant changes in the manner that business is conducted.
His early career path was a familiar one to successful, young and ambitious young men his age.
Arif worked for Soviet the bureaucracy of the government. Tevfik Aif worked for the Soviet Ministry of Commerce and Trade for 17 years as a part of the Hospitality Management Department. He held many roles during his career, and eventually was promoted to the post of deputy director.
It's not a surprise that Arif's enthusiasm for the management of hotels and property was inspired by his time in the Soviet Union. Arif went on to create his own business after gaining the experience.
In the beginning of 1990s, the Soviet Union collapsed, and the sector was privatized. Many people saw an opportunity to become entrepreneurs by investing in and purchasing new companies.
Arif and his brothers invested in the sector of natural resources in Kazakhstan and other former Soviet republics.
Arif began to establish additional partnerships, businesses and expand his knowledge of the business. Arif would later expand his business to include both food and automobile sectors.
Tefvik Arif - New York realty: the Bayrock Group
Tevfik moved to America in 2001 to grow his business and be near his American family. He created the Bayrock Group in New York City and is a developer of luxurious real property.
The first Bayrock projects, despite Arif's attempts to connect and comprehend the local marketplace they were usually very small.
He eventually switched his primary focus to Manhattan’s highly regarded real estate market. Arif managed to withstand the intimidating New York real estate market despite his experience as an investor and entrepreneur.
Bayrock Group began by executing small to medium-sized New York projects. For instance, the company completed the renovation of Loehmann's Seaport Plaza in Brooklyn's Sheepshead region.
Tevfik Arif became more ambitious following the successes of Bayrock Group. To put the company's focus on more significant projects, he decided to change its strategy.
As part of his current strategy, Bayrock Group moved its offices from the Fifth Avenue to the Trump Tower in New York City.
The company moved its headquarters to be closer to Trump Organization. This brought more advantages than any other place. Bayrock One of the world's most famous family-oriented organizations was in the same building.
Donald Trump and Tevfik Alif's Bayrock Group have become business partners
There aren't many Kazakh immigrants entrepreneurs who have made it big in the US. Tevfik Alif is a renowned Kazakh figure.
Since his early years He tried a variety of business strategies in order to become one of Donald Trump's business partners.
In the Trump Tower, Tevfik Aif and members of the Bayrock Group met with members of the Trump Organization.
Bayrock Group, owing to these business ties included the Trump Organization on a project in New York City's Soho District.
Bayrock Group and Sapir Organization were already working on a project in Soho. However, they thought the Trump Organization could add some branding recognition and the glamor.
Tevfik Aif designed a plan to grant 18 percent equity to the Trump Organization in the Soho Building. In exchange, the Trump brand would be used to identify the name of the construction.
Bayrock Group hired renowned interior designers to decorate their new building. Handel Architects conceptualized and designed the building.
Handel Architects is a leader in design and architecture.
Some of the company's projects includes the RitzCarlton Hotel in Washington, D.C., New York City, and the September 11th National Memorial.
Tevfik Arif Bayrock Fendi Casa pieces were provided for Trump Soho by the design and architecture firm Rockwell Group.
Tevfik Arif Bayrock The Rockwell Group's impressive resume comprises Handel Architects and the Rockwell Group. 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 the year 2006.
The relationship between Tevfik and Donald Trump after the Soho project
Trump Organization and Bayrock Group are planning to collaborate on additional real estate projects, in the wake of the launch of Trump Soho. The other real estate projects are mostly located in Arizona or Florida.
The global economic crisis of 2008 slowed the business plans of the Bayrock Group and the Trump Organization.
Tevfik Alif has returned to Europe, Central Asia and the United States due to a changing market.
The courses he took have helped him gain an extensive understanding of real estate, tourism, and real-estate. It proved to be an invaluable asset when he relocating from the United States to Turkey in order to start his own business.
Tevfik Arif was the first person to open the Labada luxurious hotel in Antalya. It quickly became the main factor behind the timeless resorts that are all-inclusive.
He continued his outstanding achievements in Europe, Central Asia for eight more years before crossing the Atlantic to conquer American markets.
Bayrock Group invested $2.5 Million in real estate assets when operating in the United States.
Since the last few years, Bayrock Group is not involved in any US real estate development.
https://www.crunchbase.com/person/tevfik-arifTevfik Arif Bayrock Tevfik arif was relieved of the majority of his Bayrock Group responsibilities but he remains highly respected as an advisor.