The United States is full of iconic buildings, from the Chrysler Building to Willis Tower and the Empire State Building. Tevfik Arif’s Bayrock Group, based in New York, has been behind some of the country’s most impressive buildings since 2001.
Arif’s company collaborated with the Trump Organization working on a number of projects around the country, including; Arizona, Colorado, Florida and New York.
Important buildings that the company has helped develop include:
Loehmann’s Seaport Plaza
Loehmann’s Seaport Plaza was sold for $24 million in 2008, This was the largest deal in Sheepshead Bay in 20 years. The sale of the three-story, 280,000 square foot retail center, was a defining moment for the Bayrock Group.
Bayrock oversaw the development of the Brooklyn waterfront shopping center.
The influx of high-end retail stores, such as Nine-West Shoes and Loehmann’s contributed to the building’s rising value.,
The current owners, in the hopes of raising the property value, are planning to add an additional floor to the building that was hit Hurricane Sandy. The new floor would consist of a 10,000 square-foot of commercial space, the owners, must prove that the addition would improve structural damages caused by the hurricane. Zoning in the area limits mega projects on the waterfront.
Fort Lauderdale’s Trump International Hotel and Tower
Trump International Hotel and Tower in Fort Lauderdale was slated to be developed by Bayrock. The project, since renamed ‘Conrad Fort Lauderdale’, initially began its construction in July 2005 and was licensed as a Trump hotel.
The building was designed to look like a 1925 luxury cruise liner and has transformed the area into an upper-class tourist hotspot. Fort Lauderdale’s commission was quick to approve the project, which was envisaged to cost $200 million.
The opening for the project was expected to be in 2007, yet delays held the project in limbo until 2017, when it officially opened.
The luxury condominium-hotel is an ocean-front property in Florida consisting of 181 condo-hotel units and 109 condominium units that are not attached to the hotel.
Trump, lending his name to the project, helped financially secure 70% of the units. Poor real estate conditions led to many potential buyers losing interest in the project. Bayrock sold the project rights to an Icelandic company.
The impressive 24 story building in Fort Lauderdale, underwent a $70 million renovation before its official opening. The finished product boasts 290 units with stunning ocean views.
Trump SoHo, now renamed as the The Dominick, is a beautiful example of modern architecture on Spring Street in the Hudson Square of Manhattan. The building cost $450 million to construct and consists of 391 hotel condominiums spread over a 46-story building.
The building originally known as Trump SoHo in 2008, was completed in 2017 and renamed the Dominick. Construction, when it originally got underway, took just two years to complete. The building, prior to the name being changed, was the most recent project with Trump’s name on it.
The developers paid close attention to the skyline when designing the building, hoping not only to contribute to the look of the neighborhood, but also the surrounding skyline. Tevfik Arif’s company Bayrock played an integral role in the development of the 386,000 square-foot condo hotel.
The building, includes public areas, such as a cocktail lounge, restaurant and business center. Meeting and conference rooms are also available to the public. Fitness facilities are on-site along with a seasonal pool deck and a bocce court. “SoHo,” an event space, sits on the 46th floor of the building and offers New York’s best skyline views.
Tenants have panoramic views, with the building utilizing double-sided mirrors outside of each room. It is the only hotel in New York City to be fully furnished by Fendi Casa.
Trump SoHo saw a decline in business in 2016 during the Trump presidential campaign. This has been attributed to the fact that New York City is primarily inhabited by Democrats. Rumors of layoffs circulated. In November 2017 The Trump Organization announced that they would be cutting all ties to the building and it was renamed “The Dominick” on December 21, 2017.
Bayrock has been responsible for the development of several hotels and resorts, with the group developing seven resorts in Europe. Their commitment to quality innovative architecture is apparent in all their projects