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. tevfik arif, bayrock Donald Trump is one of the most prominent clients of the company which is a specialist in luxury real estate development.
Tevfik Alif fled Kazakhstan to start a successful real estate company. Doyen He was aware of the power of Trump and joined the venture with the family. This enabled Tevfik Arif and his firm, the Bayrock Group, to manage a world-renowned real estate project that is the Trump Soho building.
This article will describe the way Donald Trump teamed up with Tevfik and Arif to build the Trump Soho building.
Tevfik Aif's early years in Kazakhstan
Tevfik was born during post-war times and was raised by the Kazakh SSR. He was a gifted kid who loved to learn regardless of the restrictions that war brought to their homes.
His outstanding academic achievements resulted in him being accepted by Moscow University, where his studies focused on international relations.
Tevfik arif's life was built through decades of radical shifts that affected how business is carried out.
His early career followed a familiar path for his generation's young, successful and promising young men.
Arif worked for Soviet the bureaucracy of the government. The Soviet Ministry of Commerce and Trade employed Tevfik Arif for 17 years in its Hospitality Management Department. He was in various positions during his career, including deputy director of the department.
Tevfik Arif Bayrock Working for the Soviet government certainly sparked an interest in hotel property development and management. Arif would go on to start his own business after having gained this knowledge.
The Soviet Union collapsed in the early 1990s. The industry was later privatized. A lot of entrepreneurs and investors profited from the chance to join the new economy by making investments and acquisitions.
https://medium.com/@v4lwlrm414/public-to-private-sector-how-tevfik-arif-successfully-changed-his-path-56465b91a918 Arif as well as his brother also invested in the industry of natural resources in Kazakhstan and the other former Soviet Republics.
Arif continued to pursue his business interests by establishing other businesses and partnership. His business eventually expanded into the automotive and food sectors.
Tefvik Arif as well as the Bayrock Group: Tefvik Arif's way into New York property.
Tevfik relocated to America in 2001 to expand his business and be near his American family. He founded Bayrock Group in New York City and is a developer of high-end real estate.
Bayrock's early projects were many despite Arif's efforts to establish his connections and understand local markets.
He finally shifted his main concentration to Manhattan's famous residential real estate market. Arif was, despite New York City's intimidating realty market, was a seasoned investor who is an entrepreneur with the ability to take on the pressure.
Bayrock Group initially executed small-to medium-sized New York City projects. A prime example of this is the remodeling of Loehmann’s Seaport Plaza, Brooklyn's Sheepshead neighborhood.
Tevfik Arif was driven by the Bayrock Group's growth. To focus the company's strategy on larger projects, he decided to alter the company's strategy.
Bayrock Group, as part of its new plan, moved its offices from Fifth Avenue to New York City .
The company relocated to be near Trump Organization. This resulted in greater benefits than any other location. The building was home to one of the most well-known family-owned businesses in the history of the world.
Donald Trump and Tevfik's Bayrock Group have become business partners
There aren't many immigrants from Kazakhstan that have built successful businesses in the US. Tevfik Arki is among the most important Kazakh figures.
At a very young age He tried a variety of business strategies to become one Donald Trump's business partners.
In the Trump Tower, Tevfik Arif and the Bayrock Group met members of the Trump Organization.
Bayrock Group was able to include the Trump Organization in a New York City Soho area project because of the business connections.
Bayrock Group was working with the Sapir Organization to develop a Soho project. However, they felt they could benefit from the Trump Organization could provide brand recognition.
Tevfik Arif has drafted a proposal to grant the Trump Organization 18% equity in the Soho building. In return the Trump brand would be used as the name of the building.
Bayrock Group hired a team of world-renowned interior design professionals to design the interior of the building. Handel Architects designed the building.
Handel Architects is a recognized leader in design & architecture with extensive experience around the world.
The firm's projects include the Ritz-Carlton Hotel in Washington, D.C., as well as the September 11th National Memorial in New York City.
Fendi Casa pieces have been supplied by Rockwell Group for Trump Soho.
Rockwell Group is also known for its impressive portfolio of projects, which comprises Handel Architects. Many luxury hotels, restaurants and casinos are among the customers of the firm.
The agreement was signed between the Bayrock Group, Sapir Organization and the Trump Organization. Construction could start in 2006 at Trump Soho.
Tevfik Arif and Donald Trump's relationship following the Soho project
Trump Organization and the Bayrock Group plan to join forces on a variety of other real estate projects following the success of opening Trump Soho. The other real estate projects are mainly located in Arizona or Florida.
The global financial crisis which struck the world in 2008 was a hindrance to the plans of both the Bayrock Group as well as the Trump Organization.
Tevfik Arif, the result of the changing American market, has returned to Europe/Central Asia.
Through his studies, he has vast knowledge in tourism and real estate. BayrockTevfik Arif It proved to be an invaluable advantage when he relocated from the US to Turkey in order to begin his own business.
Tevfik Arif founded the Labada luxury hotel in Antalya and quickly became the first to pioneer the classic all-inclusive resorts.
He enjoyed eight more years of unparalleled achievements in Europe as well as Central Asia before he went across the Atlantic to take on the American market.
The sum of $2.5 million was invested in real estate assets of Bayrock Group while operating in the United States.
Since the last few years, Bayrock Group is not involved in any US real property development.
Although Tevfik has retired from most of his Bayrock Group responsibilities, he is still an important advisor.