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Bayrock Group is a private real estate investment and development firm specializing in luxury residential, commercial and mixed use projects. Through its affiliated entities, Bayrock has made investments in transactions comprising real estate assets valued in excess of $2.5 billion.
In 2001, Arif founded the Bayrock Group, an international real estate and development company. He began developing property in Brooklyn, first redeveloping Loehmann's Seaport Plaza, a waterfront shopping center in Sheepshead Bay. [17] Arif was originally the sole employee of Bayrock, later hiring Felix Sater as managing director. [10]
The Dominick, formerly the Trump SoHo, [3] [4] is a $450 million, 46-story, 391-unit hotel condominium located at 246 Spring Street at the corner of Varick Street in the Hudson Square neighborhood of Manhattan, New York City.
Felix Sater (1966–), Russian-American developer, former COO of the Bayrock Group [137] [138] Joel Schreiber, British-born NYC developer, founder of Waterbridge Capital, and early investor in WeWork [139] Rubin Schron (1938–), NYC investor and landlord, founder of Cammeby's International Group [10]
Felix Henry Sater / ˈ s eɪ t ər / (born Felix Mikhailovich Sheferovsky; [4] [5] Russian: Фе́ликс Миха́йлович Шеферовский; March 2, 1966) is a Russian-American mobster, convicted felon, [6] real estate developer and former managing director of Bayrock Group LLC, [7] a real estate conglomerate based out of New York City.
Bayrock may refer to: Bayrock (radio station), a radio station in New Zealand; Bayrock Group, an international real estate development and investment company based in New York; Bay Rock Light, an inactive lighthouse relocated from an island off Townsville, Australia
In 2004, the Trump Organization partnered with Bayrock Group on a $200 million hotel and condo project in Fort Lauderdale Beach, to be called Trump International Hotel & Tower. After proceeding for five years, real estate market devaluation stymied the project in 2009 and Trump dissolved his licensing deal, demanding that his name be removed ...
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