Shirt a Phobia

Sample Page

Astor Place

Related Companies, L.P. is an American real estate firm with headquarters in New York City, and with offices around the country including in Chicago, Boston, Los Angeles, San Francisco, as well as in London. Related developed the Hudson Yards Redevelopment Project,[3] which comprises 28 acres (0.11 km2) in Manhattan’s Chelsea and Hell’s Kitchen neighborhoods.[3][4] Related is also the largest private owner of affordable housing in the United States.[5]

The company’s real estate assets, valued at over $70 billion, is made up of mixed-use, residential, retail, office, hospitality in what the company calls “premier high-barrier-to-entry markets.”[6]

Related has developed mixed-use projects such as Deutsche Bank Center, the Grand LA, and CityPlace.

History

In 1972, Stephen M. Ross founded Related Companies with a $10,000 loan from his mother and a business plan focused on affordable housing.[7][8] Related originally began as the Related Housing Companies, which built thousands of subsidized low and moderate income apartments nationwide.[9]

By the 1980s, the company turned towards higher-profile projects. Related hired architect Robert A.M. Stern in the 1990s to design The Chatham on the corner of 65th Street and Third Avenue.[9]

In 1998, Related announced one of its most notable projects: the $1.7 billion mixed-use Time Warner Center.[10]

In December 2003, as part of the Time Warner Center development, Related opened the Mandarin Oriental hotel. The Shops at Columbus Circle, which includes retail as well as residences, was completed in 2004. Within four years of its opening, retail rents in the area were up 400 percent.[10]

In September 2012, Ross became chairman, and Jeff Blau stepped into the role of CEO.[8][11]

Boston-based developer Beal Companies merged with Related in 2013 to form Related Beal.[12] In 2014, the United States Department of Justice filed a lawsuit against the company and several other large NYC developers, claiming failure to comply with the Americans with Disabilities Act of 1990.[13][14]

The first phase of the Hudson Yards development was opened in 2019.[15]

UK based Related Argent was created by Argent Partners and Related Companies[16] and announced its plans to develop a 180-acre North London neighborhood, Brent Cross Town, in 2020. It is currently under development.[17]

In 2021, Related was one of the founders of energyRe, a clean energy company.[18]

In May 2021, Time Warner sold One Columbus Circle back to Related, and the building was renamed the Deutsche Bank Center.[19] Related also signed its first major lease with WHOOP at One Kenmore Square as part of the redevelopment of properties under the iconic Citgo sign.[20] The company launched Lantern House in September of that year.[21][22]

The Grand LA opened in July 2022. Designed by Frank Gehry, the $1.3 billion development includes a 45-story multifamily structure, a 28-story hotel and 164,000 square feet of retail and restaurant space.[23]

In October 2022, the company unveiled The Cortland, a 25-story luxury residential building designed by Robert A.M. Stern and Olson Kundig.[24]

Related’s Quinn property broke the record for most expensive home sold in Boston’s South End in November 2022; the unit sold for $7.4 million.[25]

In 2022, the Boston Planning and Development Agency approved Related Beal’s 1.1 million-square-foot Channelside project, a $1.2 billion three-building lab and residential complex along with a public performing arts amphitheater.[26]

In late 2022, Related entered into a partnership with Wynn Resorts to develop an integrated resort with a casino on the western yard.[27] The proposal underwent many adjustments before Wynn Resorts ultimately withdrew their casino bid in May of 2025, ending the partnership with Related.[28][29][30][31]

In 2023, Related Midwest opened the Row Fulton Market, a 294-unit luxury rental condo that is the tallest building in Chicago’s Fulton Market District.[32] That same year, Related and The Olayan Group began the first BTR rental home offering at Author King’s Cross.[33]

In October 2023, the University of Michigan approved construction for the $250 million UM Center for Innovation, which will be developed by Related in partnership with ODM.[34]

The groundbreaking ceremony for the Hudson Tunnel Project, a new river tunnel that would double the amount of trains coming from and to New Jersey, took place in November 2023. Related is leading the construction of the concrete casing of the Tunnel.[35] The following month, Related broke ground on Willets Point, the largest New York City affordable housing project in 40 years.[36] In December 2025, Willets Point Commons started accepting applications through NYC Housing Connect for the 880 affordable homes located across Buildings 1 and 2.[37][38]

The company announced in July 2024 that Ross would be stepping down as chairman of Related Companies to focus on his other business ventures. Ross will continue to serve as nonexecutive chairman of Related Companies, while Jeff Blau, Bruce Beal Jr., and Kenneth Wong will run the company.[39]

In 2025, Related Companies launched Related Digital, a vertically integrated data center development and investment platform. Related Digital combines Related Companies’ real estate and infrastructure to develop energy solutions through its affiliate focused on transmission line development and renewable energy, energyRe.[1][40][41][42][43] In October 2025, Related Digital broke ground on a 302 MW data center campus in Cheyenne, Wyoming. The $1.2 billion data center marks the first phase of a 115-acre campus in the Cheyenne Business Parkway.[44] Also in October of that year, Related Midwest and PsiQuantum officially broke ground on the 128-acre Quantum Shore Chicago project, which will host the country’s first utility-scale quantum computer.[45]

In March 2026, Related Midwest broke ground on The 78, an urban renewal infill in South Loop, Chicago.[46]

References

  1. ^ a b Dan Swinhoe (March 28, 2025). “Related Companies launches data center unit to develop $45bn pipeline”. Data Center Dynamics. Retrieved June 22, 2025.
  2. ^ “Corporate Bio” (PDF). Retrieved 7 September 2017.
  3. ^ a b Sorvino, Chloe (May 31, 2016). “Hudson Yards, America’s Largest Private Real Estate Development, Opens First Building”. Forbes.
  4. ^ Shawn Tully (2013-08-29). “The man behind the largest real estate project in U.S. History”. Fortune. Retrieved 2015-09-27.
  5. ^ “NMHC 50 Largest Apartment Owners”. NMHC. Retrieved February 2, 2024.
  6. ^ “Stephen Ross”. Forbes. Retrieved December 14, 2023.
  7. ^ Clarke, Katherine (June 1, 2014). “The Closing with Stephen Ross”. The Real Deal.
  8. ^ a b Brennan, Morgan (September 7, 2012). “Billionaire Stephen Ross Steps Down As CEO Of Related Cos”. Forbes.
  9. ^ a b Carl Swanson (February 18, 2019). “The Only Man Who Could Build Oz”. New York Magazine. Retrieved December 14, 2023.
  10. ^ a b Emily Nonko (July 11, 2016). “Developer Spotlight: The Related Companies”. City Realty. Retrieved April 20, 2026.
  11. ^ Musibay, Oscar Pedro (September 10, 2012). “Stephen Ross stays Related Companies exec chair, Blau new CEO”. American City Business Journals.
  12. ^ “Bruce Beal Jr. Profile”. Forbes. Retrieved April 20, 2026.
  13. ^ ACKER, DANIEL (March 18, 2014). “US gov’t sues NYC developers, charging failure to comply with Americans with Disabilities Act”. American City Business Journals.
  14. ^ Barbanel, Josh (March 17, 2014). “New York City Developer Accused in Disabled-Access Suit”. The Wall Street Journal.(subscription required)
  15. ^ Chloe Sorvino (June 1, 2016). “Hudson Yards, America’s Largest Private Real Estate Development Opens First Building”. Forbes. Retrieved April 20, 2026.
  16. ^ “Argent to transfer to Related Argent in 2024”. Related Argent. 2023-05-25. Retrieved 2026-05-29.
  17. ^ “Argent Related reveals designs for £5bn Brent Cross Town in UK”. World Construction Today. 7 October 2020. Retrieved May 3, 2024.
  18. ^ Amrith Ramkumar (December 4, 2023). “The New Green Investment: Getting Clean Energy to Big Cities”. Wall Street Journal. Retrieved February 4, 2024.
  19. ^ Mark Hallum (April 4, 2022). “PDT Partners Takes 110K SF at Deutsche Bank Center”. Commercial Observer. Retrieved February 4, 2024.
  20. ^ Hannah Green (July 14, 2023). “See inside the Kenmore HQ of wearable tech unicorn Whoop”. BostonInno. Retrieved February 4, 2024.
  21. ^ Ryan Waddoups (September 22, 2021). “Heatherwick Studio’s Lantern House Is Complete”. Surface Mag. Retrieved February 4, 2024.
  22. ^ Brian Bandell (September 23, 2021). “Related completes 360 Rosemary office in West Palm Beach”. South Florida Business Journal. Retrieved February 4, 2024.
  23. ^ Greg Cornfield (July 14, 2022). “Frank Gehry Finally Cut the Ribbon for The Grand in Downtown LA”. Commercial Observer. Retrieved February 2, 2024.
  24. ^ Allison Hope (May 12, 2022). “Inside the most luxurious new trophy towers launching this year in NYC”. NY Post. Retrieved May 3, 2024.
  25. ^ Erin Kayata (November 16, 2022). “This Is the Most Expensive Condo Ever Sold in the South End”. Retrieved February 4, 2024.
  26. ^ Catherine Carlock (October 14, 2022). “$1.2 billion Channelside development approved for Fort Point neighborhood”. Boston Globe. Retrieved April 20, 2026.
  27. ^ Dana Rubinstein; Nicole Hong; Matthew Haag (September 15, 2022). “Related Companies and Wynn to Bid for New Casino in Midtown Manhattan”. New York Times. Retrieved May 3, 2024.
  28. ^ Shriber, Todd (May 19, 2025). “Wynn Drops New York Casino Bid, Cites ‘Persistent Opposition”. Casino.org. Retrieved May 19, 2025.
  29. ^ Brewer, Contessa (May 19, 2025). “Wynn Resorts drops bid for NYC casino license”. CNBC. Retrieved May 19, 2025.
  30. ^ Brad Luck (March 14, 2024). “Wynn and Related unveil renderings of proposed Hudson Yards casino development”. NBC. Retrieved May 3, 2024.
  31. ^ Chen, Stefanos (2024-07-10). “Supporters of the High Line Aim to Block Plan to Build a Casino Nearby”. The New York Times. ISSN 0362-4331. Retrieved 2024-07-10.
  32. ^ Alby Gallun (April 13, 2023). “What $23,000 a month gets you in Fulton Market”. Chicago Business. Retrieved December 14, 2023.
  33. ^ “Related Argent expands in-house asset management team to support Build-to-Rent growth”. Built Environment Networking. February 23, 2023. Retrieved December 14, 2023.
  34. ^ Kim Koalowski; Kara Berg (October 19, 2023). “University of Michigan regents approve construction for $250M Detroit innovation center”. Detroit News. Retrieved May 3, 2024.
  35. ^ Michael Oreskes (November 6, 2023). “Groundbreaking for Hudson Rail Tunnel Draws Politicos and Protestors”. Our Town. Retrieved February 2, 2024.
  36. ^ “Mayor Adams, Community Partners Break Ground on Willets Point Transformation, Largest Affordable Housing Project in 40 Years”. NYC. December 20, 2023. Retrieved February 2, 2024.
  37. ^ Max Gillespie (December 15, 2025). “Housing Lottery Launches For Willets Point Commons In Willets Point, Queens”. YIMBY. Retrieved January 18, 2026.
  38. ^ “Willets Point Commons”. NYC Housing Connect. Retrieved January 18, 2026.
  39. ^ Peter Grant (July 11, 2024). “Stephen Ross Is Launching His Second Act at 84: A New Florida Real-Estate Firm”. Wall Street Journal. Retrieved July 11, 2024.
  40. ^ Shatabdi Mazumdar (March 28, 2025). “Related Companies push into data centers with ‘Related Digital’ capitalization to fuel its $45 bn pipeline”. DIN. Retrieved June 22, 2025.
  41. ^ Natalie Wong; Josh Saul (March 27, 2025). “Related Aims to Raise Up to $8 Billion for AI Data-Center Bet”. Bloomberg. Retrieved June 22, 2025.
  42. ^ Dees Stribling (March 28, 2025). “Related Cos. Launches Data Center Development Arm”. Commercial Search. Retrieved June 22, 2025.
  43. ^ “Related Companies CEO on AI investment arm and plans to raise $8 billion for data center development”. CNBC. 2025-03-27. Retrieved 2025-12-06.
  44. ^ Grochowski, Garrett (2025-10-07). “$1.2 billion data center breaks ground in Cheyenne, promises water-free operations”. Oil City News. Retrieved 2025-12-06.
  45. ^ Abby Miller (October 1, 2025). “Construction kicks off at old steel mill in South Chicago, making way for massive quantum computing campus”. Sun Times. Retrieved April 20, 2026.
  46. ^ Robert Channick (March 4, 2026). “Chicago Fire break ground on $750 million South Loop soccer stadium, transforming the sports landscape”. Chicago Tribune. Retrieved April 20, 2026.