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Related Companies
Related Companies, L.P. is an American real estate firm with headquarters in New York City, and with offices around the country including in West Palm Beach, Chicago, Boston, Los Angeles, San Francisco, as well as in London. Related developed the Hudson Yards Redevelopment Project, which comprises 28 acres (0.11 km2) in Manhattan's Chelsea and Hell's Kitchen neighborhoods. Related is also the largest private owner of affordable housing in the United States.
The company's real estate assets, valued at over $60 billion, is made up of mixed-use, residential, retail, office, hospitality in what the company calls "premier high-barrier-to-entry markets."
Related has developed mixed-use projects such as Deutsche Bank Center, the Grand LA, and CityPlace.
In 1972, Stephen M. Ross founded Related Companies with a $10,000 loan from his mother and a business plan focused on affordable housing. Related originally began as the Related Housing Companies, which built thousands of subsidized low and moderate income apartments nationwide.
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.
In September 2012, Ross became chairman, and Jeff Blau stepped into the role of CEO.
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.
Related announced its plans to develop the £5 billion, 180-acre North London neighborhood, Brent Cross Town, in 2020. It is currently under development.
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Related Companies
Related Companies, L.P. is an American real estate firm with headquarters in New York City, and with offices around the country including in West Palm Beach, Chicago, Boston, Los Angeles, San Francisco, as well as in London. Related developed the Hudson Yards Redevelopment Project, which comprises 28 acres (0.11 km2) in Manhattan's Chelsea and Hell's Kitchen neighborhoods. Related is also the largest private owner of affordable housing in the United States.
The company's real estate assets, valued at over $60 billion, is made up of mixed-use, residential, retail, office, hospitality in what the company calls "premier high-barrier-to-entry markets."
Related has developed mixed-use projects such as Deutsche Bank Center, the Grand LA, and CityPlace.
In 1972, Stephen M. Ross founded Related Companies with a $10,000 loan from his mother and a business plan focused on affordable housing. Related originally began as the Related Housing Companies, which built thousands of subsidized low and moderate income apartments nationwide.
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.
In September 2012, Ross became chairman, and Jeff Blau stepped into the role of CEO.
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.
Related announced its plans to develop the £5 billion, 180-acre North London neighborhood, Brent Cross Town, in 2020. It is currently under development.