(Newswire.net — September 20, 2018) –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 iconic buildings since 2001.
Arif’s company moved to the 24th floor of Trump Tower, leading the developer to work on several Trump Organization projects around the country, including; Arizona, Colorado, Florida and New York.
Iconic 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 to value, wish 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 however, 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 opening for the project was expected to be in 2007, yet delays held the project in limbo until 2017, when it would officially open.
Roy Stillman was also a developer on the project.
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 now iconic building in Fort Lauderdale, underwent a $70 million renovation before its official opening. The finished product boasts 290 units with stunning ocean views.
The 24 story building sits on a 2-acre site.
The building was designed to look like a 1925 luxury cruise liner from 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.
Trump SoHo
Trump SoHo, now known as The Dominick, is an iconic building 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 would be known as Trump SoHo from 2008, when it was completed, until 2017 when the building was renamed. Construction took just two years to complete. The building, prior to the name being removed, 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 Bayrock played an integral role in the development of the 386,000 square-foot condo hotel.
The building, which has caused some mixed feelings among residents, 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.
Tenants are given 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.
“SoHo,” an event space, sits on the 46th floor of the building and offers New York’s best skyline views.
Trump SoHo saw a decline in business in 2016 during his presidential campaign. This has been viewed as a major contributing factor as New York City is primarily inhabited by Democrats. Rumors of layoffs circulated.
in November 2017, The Trump Organization announced that they will be cutting all ties to the building and renamed it “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. Rixos Hotels is currently responsible for the management of the waterfront hotels.