Tevfik Arif: Expert Leader Behind the Success of Bayrock Group

By Staff Reporter - 07 Oct '19 15:52PM
  • Tevfik Arif: Expert Leader Behind the Success of Bayrock Group
  • (Photo : BigStock)

Being the founder and Chairman of Bayrock Group, an international real estate investment and property development firm located in New York, Tevfik Arif has established himself with various projects across the US. 

Under the guidance of Arif, Bayrock Group has become a leading property developer and partner to many successful investors. This kind of leadership and solid business decisions enabled Arif to be successful in various markets and sectors. 

Through direct investment together with strategic relationships with leading individuals and groups, Bayrock has successfully completed hotels, condominiums, commercial and mixed-use projects across Asia, Europe and the USA. 

The ability of the multinational team of real estate specialists to evaluate high-growth real estate development opportunities, mitigating risks and structuring complex transactions are among the factors that played a crucial role in achieving successful collaborations with top developers all over the world. 

Bayrock Group

There are a number of projects undertaken by Bayrock Group across the United States. The following are a description of some of these projects:

  • Bayrock Group and their partners Apollo Real Estate Advisors and GMUL Investment Company Ltd. announced the completion of the acquisition and the pre-development financing in October 2005. The Waterpointe is located on 15 acres of premier waterfront property along the East River in Queens, New York. This property included 1000 feet of prime waterfront along the East River having breathtaking views of both the Throgs and Neck Bridge and Whitestone Bridge. 

  • The construction on Trump International Hotel and Tower Fort Lauderdale - 301-unit luxury condo or hotel on Fort Lauderdale Beach overlooking the Atlantic Ocean - was developed by Bayrock Group in partnership with the Trump Organization. The Bayrock Group and the Trump Organization also worked together on developing the Trump International Hotel and Residences Phoenix in the prestigious Biltmore. This development included hotel condominiums along with exclusive spa, two-world class restaurants, swimming pools and personal attached services. 

  • In Miami, Cayre/Samuel and Bayrock Group partnered to develop a project within Midtown Miami located on 56 acres in Buena Vista. This is the largest remaining undeveloped area of land in the said city. Once completed, this project would feature about 3000 residential units and 1.2 million square feet of retail space. 

  • Also in Miami, 550 Seabreeze LLC in a partnership that includes Gene Kessler, Donald Trump and of course the Bayrock Group began pre-construction sales for the Las Olas boutique condominium hotel on Fort Lauderdale Beach in between the world-renowned Bahia Mar Marina and the Atlantic Ocean. This property will feature the number of services and amenities together with the exclusive reservations system coming from the Leading Hotels of the World. 

These are just some of the prestigious projects that Bayrock Group, in partnership with leading property development firms, was involved in the planning, development or construction of. 

Tevfik Arif's background

Tevfik Arif is a graduate of the Moscow Institute of Trade and Economics. From there, he began his career with the Ministry of Commerce and Trade in the former Soviet Union. In his 17 years of work, he became the chief economist and finally became the deputy director of the Ministry's Department of Hotel Management. 

He left the public sector in 1988 and set up several private trades and hospitality companies. Using the experience and expertise gained in the hotel management industry, he then began to develop the Hotel Labada, an all-inclusive luxury hotel located on the Mediterranean in Turkey. 

Plus, the Rixos Hotel Tekirova which is a sprawling Mediterranean resort estate has 503 rooms, seven restaurants, 96 villas and nine bars along with stunning sports and recreational facilities. There is also a world-class spa and a skin treatment center. This one is a luxury waterfront resort that is situated on the sprawling 100-acres estate being completed with 40 luxury villas, 730 guest rooms, 40 high-end designer boutiques, 15 gourmet restaurants and also a championship golf course. All these are in partnership with Bayrock Group due to the great leadership of Tevfik Arif. 

Leadership and success

There are certain challenges in business that test your determination and the journey to success requires much more than simple strength. For Arif, there was great passion and perseverance in pursuing his goals. While many said it couldn't be done, he embraced the challenge. This is the hardworking determination that guided Arif to success.

From the very beginning, Arif craved success and did all his best to get what he wanted. He studied harder, he worked and maintain his stable career from the very start until the end. Because of that, he was continuously learning and gaining wisdom through his experiences. No doubt that he earned the success he has right now. 

Though Arif decided to partially retire from his position within his family's business, he continues to help the company he built and those people who seek his advice about the world of business. Indeed, a company wouldn't be successful without a leader that is able to lift it up to the peak of success. 

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