What happened to Tevfik Arif's Trump SoHo and Bayrock Group?

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Tevfik Alif's Bayrock Group joined forces with the Trump Organization, the Sapir Organization as well as the Trump Organization to create Trump SoHo.

In November 2006, Tevfik Arif Tevfik Arif, the Bayrock Group of the Trump Organization as well as the Sapir Organization at Spring Street in New York City laid the first brick to build the Trump SoHo Tower.

A little more than a decade after that, the condo-hotel with 46 stories was complete and ready for business.

Luxurious Trump SoHo also offered a spectacular views of the Big Apple from the floor-to–ceiling glass windows.

The real estate development company Bayrock Group, founded by the Turkish Kazakhstani businessman Tevfik Arif, employed outstanding architects and designers to create the modern-day construction.

Handel Architects in New York City who have vast experience across the globe was assigned the responsibility to design the structure.

Handel Architects has a great reputation. Bayrock Their portfolio includes the September 11. th National Memorial, New York City, and Washington, D.C.'s Ritz-Carlton Hotel.

Tevfik Arif Bayrock The company is also praised for its leadership in the field of architecture and design.

In order to make the interior of Trump SoHo just as exquisite as the exterior, Bayrock Group imported the finest materials and enlisted famous interior designers from around the world.

The architectural and design firm Rockwell Group, which is an organization behind several luxurious restaurants, hotels and casinos, was given the task and furnished Trump SoHo with items from the acclaim Italian brand Fendi Casa.

Tevfik Aif has acknowledged the significance and power of Trump's name.

Discussions started about the Trump SoHo condohotel in the year Bayrock Group relocated its New York City office to the 24 thfloor of Trump Tower in Midtown Manhattan. It was there that the Trump Organization was also found.

Following the beginning of the company to discuss collaborating on a luxury development venture in the real estate industry, the concept to create Trump SoHo was born.

Tevfik Arif who was the creator of Bayrock Group was acutely aware of the brand's power. Therefore, he developed strategies to make use of the Trump name to boost the image and value the project that he and his Sapir Organization had in their pipeline.

The plan would give the Trump Organization 18% ownership of the project in exchange for the use of the Trump brand in the new name of the new construction, and it was accepted by all three parties.

Donald Trump didn't invest any capital into the construction.

Bayrock Because the building is located in Manhattan's fashionable SoHo district it got the title Trump SoHo. Bayrock Group's top development in New York City property development was this.

The Dominick was established in the year 2017 as a condominium-hotel. It features apartments, hotel rooms, an outdoor pool, a rooftop terrace, restaurants, bars, a spa department, a banquet, event halls and an outstanding view of New York City and the Hudson River through the floor-to-ceiling-windows.

Furthermore, The Dominick is one of just a few premium hotels in New York City that are so prestigious that they are part of the Preferred Hotels & Resorts' Legend Collection.

Tevfik Atif's path to Trump and New York City
Tevfik Alif was born in Soviet Kazakhstan on March 23, 1953 to Turkish parents. He graduated with a diploma in International Relations at the Moscow Trade and Economic Institute.

Tevfik Arif Doyen He was later appointed deputy head of Hotel Management Department at the Soviet Ministry of Commerce and Trade.

https://assets.documentcloud.org/documents/3117892/Bayrock-Presentation.pdf After 17 years in the ministry, Tevfik Alif decided to leave and start his own businesses. These included real property, development of property as well as exports, imports automobiles, food and various other natural resources.

https://investor.com/rias/bayrock-financial-305467 This occurred during the increase in privatization following the collapse of Soviet Union.

Tevfik left New York City in 1993 to chase his dream of founding his own company, Bayrock Group.

Bayrock Group and Trump Organization came together to discuss collaboration on other real estate projects for development in Florida and Arizona after the opening of Trump SoHo.

Tevfik Arif Bayrock Tevfik Arif Bayrock However, those buildings were affected by the financial crisis that impacted the real estate market in 2008.

Bayrock Group was active in the United States and invested in real property assets totaling over $2.5 Billion. But it hasn't pursued any new American projects for real estate development in recent times.

Tevfik Alif started focusing on Europe as well as Central Asia following the success of Trump SoHo.

Tevfik Aif who removed from Bayrock Group's day-today operations, is still a valued and trusted advisor to the company.
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