In terms of shaping the New York City skyline and landscape into what it is today, real estate giant Related Companies deserves a great deal of credit. Founded in 1972 by Stephen Ross, Related Housing Companies (which later assumed the name Related Companies) was formed to spearhead affordable multi-family dwellings in major metropolitan centers. What started as a humble endeavor quickly exploded, as Ross became the leading developer of affordable housing in America. Always remaining true to its original vision of creating a legacy of positive social, economic and physical impacts for all stakeholders, Related Companies continues to stamp New York City and other city centers with a series of ambitious and lucrative projects.
With the affordable market growing steadily, Related Companies expanded into larger residential and commercial endeavors in the 1980s. Despite finding itself in a national recession accompanied by a prevalent housing crisis in the late 1990s, Related Companies rose above when many other real estate leaders could not survive. An established strategy of carefully acquiring desirable assets at low prices and repositioning them resulted in success for the company, which grew exponentially even during the nation’s worst financial struggles. Related Companies can attribute some of that strength and power to the man who continued to work the many lucrative relationships he’d developed over many years. Entering into agreements with institutions like the State Teachers Retirement System of Ohio, GM Pension Fund, MEPT and CalPERS, CreditRE and CertRE, as well as pursuing major business ventures with Fortune 500 companies like Credit-Suisse and Zurich Financial, Stephen Ross paved the way for his company’s longevity and continued success.
More recently, Related Companies has been in the press for elaborate residential developments scattered liberally around Manhattan. Perhaps the most anticipated is 520 W 28, a gorgeous glass structure designed by world-renowned and Pritzker Prize-winning architect Zaha Hadid that overlooks the Meatpacking District’s High Line. Residents of these New York City condos for sale will enjoy access to top amenities, and their close proximity to the city’s famous elevated park will mean easy access to boutique shopping on the High Line and at the renowned Chelsea Market. Numerous foodie experiences also await at upscale neighborhood restaurants such as Tom Colicchio’s formal dining area and casual taproom, Colicchio & Sons. Abington House on the High Line is another nearby residential development from Related Companies with an impressive collection of 312 luxury residents.
The Meatpacking District may be a current hotbed for residential development, but Related Companies has made its mark on other Manhattan neighborhoods as well with structures like One Madison in the Flatiron District, 1 MiMA in the Theatre District and 225 Rector, a 23-story, 289 residence tower with stunning views of Battery Park and the Financial District.