The Related Companies
Encyclopedia
The Related Companies L.P. is a real estate developer, manager and financier. The developer of numerous high-profile projects in New York City
and around the United States
, Related is best known for its historic 2.8 million-square-foot $1,700,000,000 Time Warner Center
on Columbus Circle
. A branch of the company, Related Group of Florida, headquartered in Downtown Miami
, is one of the largest developers in Miami, and has built many large scale residential high-rise apartments in Miami.
, the company began by developing government assisted housing developments. By the end of the decade more than 50 developments had been completed, worth over $250 million. During the 1980s offices were opened in New York City
, Miami, Chicago
and California
, and the company name was changed to Related due to the growth and expanded services that the company provided.
In the 1990s the company was re-organized into three divisions - Development, Management and Financial Services.
Related is a 13% stock owner of Centerline Holding Company, a real estate finance and asset management company. In August 2007 the company announced their intention to acquire the majority controlling interest of Virgin Megastores North America. They have since decided to close Virgin Megastores North America.
Related is the developer of "The Century" a 140 unit condominium project in Century City, California. The Century City News likens this project to Michelangelo's David. Century City has begun calling this tower "The David."
from the National Building Museum
for their impact on the built environment, including their creation and management of affordable housing and their commitment to mixed-use urban development projects.
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
and around the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
, Related is best known for its historic 2.8 million-square-foot $1,700,000,000 Time Warner Center
Time Warner Center
The Time Warner Center is a mixed-use skyscraper developed by AREA Property Partners and The Related Companies in New York City. Its design, by David Childs of Skidmore, Owings & Merrill, consists of two 750 ft towers bridged by a multi-story atrium containing upscale retail shops...
on Columbus Circle
Columbus Circle
Columbus Circle, named for Christopher Columbus, is a major landmark and point of attraction in the New York City borough of Manhattan, located at the intersection of Eighth Avenue, Broadway, Central Park South , and Central Park West, at the southwest corner of Central Park. It is the point from...
. A branch of the company, Related Group of Florida, headquartered in Downtown Miami
Downtown Miami
Downtown Miami is an urban residential neighborhood, and the central business district of Miami, Miami-Dade County, and South Florida in the United States...
, is one of the largest developers in Miami, and has built many large scale residential high-rise apartments in Miami.
History
Founded as Related Housing Companies in 1972 by Stephen M. RossStephen M. Ross
Stephen M. Ross is an American real estate developer. He is the founder, chairman and CEO of The Related Companies, L.P., a New York City-based real estate development company. It is jointly owned by his business partner, Jorge M. Perez. He owns 95% of the Miami Dolphins NFL football franchise and...
, the company began by developing government assisted housing developments. By the end of the decade more than 50 developments had been completed, worth over $250 million. During the 1980s offices were opened in New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
, Miami, Chicago
Chicago
Chicago is the largest city in the US state of Illinois. With nearly 2.7 million residents, it is the most populous city in the Midwestern United States and the third most populous in the US, after New York City and Los Angeles...
and California
California
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
, and the company name was changed to Related due to the growth and expanded services that the company provided.
In the 1990s the company was re-organized into three divisions - Development, Management and Financial Services.
Related is a 13% stock owner of Centerline Holding Company, a real estate finance and asset management company. In August 2007 the company announced their intention to acquire the majority controlling interest of Virgin Megastores North America. They have since decided to close Virgin Megastores North America.
Related is the developer of "The Century" a 140 unit condominium project in Century City, California. The Century City News likens this project to Michelangelo's David. Century City has begun calling this tower "The David."
Awards
In 2007, Related received the Honor AwardHonor Award
The National Building Museum promotes excellence in architecture, engineering, construction, planning, and design. In furtherance of that mission, the Museum instituted an annual Honor Award in 1986 to recognize individuals and organizations that have made important contributions to the U.S.'s...
from the National Building Museum
National Building Museum
The National Builders Museum, in Washington, D.C., United States, is a museum of "architecture, design, engineering, construction, and urban planning"...
for their impact on the built environment, including their creation and management of affordable housing and their commitment to mixed-use urban development projects.