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Related to acquire, rehabilitate and preserve more than 3,000 affordable housing units in Illinois and the Midwest
Related Companies, one of the largest owners of affordable housing in the United States, today announced that the company is in the process of acquiring 17 properties totaling 3,062 affordable housing units across the Midwest. Through a public-private partnership with the City of Chicago and…, About Related:, Related Companies is the most prominent privately-owned real estate firm in the United States. Formed 40 years ago, Related is a fully-integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, marketing and sales.…
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Al Maryah Central to commence vertical construction this month
Gulf Related today announced that vertical construction on Al Maryah Central, a 2.3-million-square-foot super-regional shopping center located at the core of Al Maryah Island in Abu Dhabi, will commence this month. Gulf Related has selected Brookfield Multiplex as the main contractor responsible…, About Al Maryah Central:, Al Maryah Central is a 3.1-million-square-foot retail-led, mixed-use development that is owned and managed by Gulf Related, the joint venture partnership between Gulf Capital and Related Companies. Al Maryah Central will include a 2.3-million-square-foot shopping centre anchored by Macy’s and…, About Gulf Related:, Gulf Related is a regional real estate development company focused on retail, residential and high-end mixed-use real estate developments in the GCC. Gulf Related represents a joint venture between Gulf Capital, one of the GCC’s leading alternative asset management firms, and Related Companies, one…, About Brookfield Multiplex:, Brookfield Multiplex is a leading global contractor with over 50 years’ experience delivering complex landmark buildings and infrastructure assets across the Middle East, Europe, Canada and Australasia. The company was one of the first international construction firms to establish offices in the…
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Sales launch for 520 West 28th
Related Companies today announced the official launch of sales at 520 West 28th, the highly anticipated first residential building in New York designed by Pritzker Prize-winner Zaha Hadid. Spanning a substantial portion of the block from 27th to 28th Streets, 520 West 28th is located in the heart…, Sales Office Information:, The Sales gallery is open by appointment only and is located at 511 West 25th Street, Suite 801, and can be reached by telephone at (212) 502-5528. ###, About Related:, Related Companies is the most prominent privately owned real estate firm in the United States. Formed over 40 years ago, Related is a fully integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, marketing and sales…, About Zaha Hadid Architects: , Zaha Hadid was born in Baghdad, Iraq in 1950. She studied mathematics at the American University of Beirut before moving to London in 1972 to attend the Architectural Association (AA) School where she was awarded the Diploma Prize in 1977. She founded Zaha Hadid Architects in 1979 and completed her…
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Related Companies and Oxford Properties Group close on more than $5 billion in financing for flagship office tower and retail complex at Hudson Yards
Related Companies and Oxford Properties Group today announced the closing of over $5 billion in financing for 30 Hudson Yards, the site’s flagship office tower, and the one-million-square-foot Shops and Restaurants at Hudson Yards. Bank of America served as lead arranger and administrative agent…, About Related:, Related Companies is the most prominent privately-owned real estate firm in the United States. Formed over 40 years ago, Related is a fully-integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, marketing and sales…, About Oxford Properties Group:, Oxford Properties Group is a global platform for real estate investment, development and management, with approximately 2,000 employees and over $34 billion of real assets that it manages for itself and on behalf of its co-owners and investment partners. Established in 1960, Oxford has regional…
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Related Companies unveils 456 Washington Street in coveted North Tribeca neighborhood
Related Companies today unveiled 456 Washington Street, its new ultra-luxury boutique rental development, perfectly positioned along the waterfront in a private and quiet corner of North Tribeca. Envisioned by BKSK Architects as a reflection of the neighborhood’s industrial history, 456 Washington…, About Related:, Related Companies is the most prominent privately owned real estate firm in the United States. Formed over 40 years ago, Related is a fully integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, marketing and sales…
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Related Companies unveils The Easton in Carnegie Hill
Related Companies today unveiled The Easton, a new luxury rental building located at 205 East 92nd Street in Manhattan’s beloved Carnegie Hill neighborhood. Introducing a collection of elegant residences inspired by the East Side’s grandest apartments, The Easton is designed for contemporary living…, About Related:, Related Companies is the most prominent privately owned real estate firm in the United States. Formed over 40 years ago, Related is a fully integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, marketing and sales…
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New report details substantial economic impact of Hudson Yards development
Related Companies and Oxford Properties Group today released a report outlining the substantial economic impacts of the 28-acre Hudson Yards development on the New York City economy. Once fully operational, the development will contribute nearly $19 billion annually to New York City’s Gross…, New York City impact:, Once fully operational, the development will contribute nearly $19 billion annually to New York City’s Gross Domestic Product, accounting for 2.5 percent of the citywide GDP. Hudson Yards will also contribute $477.3 million in annual City tax revenues. During the estimated 13-year construction…, Capital contributions to the MTA:, No project in New York City’s history has contributed or will contribute as much to the MTA as Hudson Yards, with the agency receiving $1.784 billion in revenues during the development and construction of the project. In addition, upon completion, Hudson Yards will contribute $89.3 million annually…, Modernizing New York City's commercial office space and improving global competitiveness:, More than 64 percent of the City’s office space is currently in buildings that are at least 50 years old. The development of Hudson Yards is one of New York’s most important responses to the demand for new office space to keep New York competitive with other global markets. Hudson Yards will bring…, Regional impact:, While the economic impact of Hudson Yards may be concentrated in New York City, many other communities from across the country have benefitted and will benefit as well. The materials used to construct the Eastern Rail Yard, for example, have been sourced from nearly every state across the country.…, About the 28-acre Hudson Yards Development:, Related and Oxford’s Hudson Yards is the largest private real estate development in the nation’s history. The site, which spans from 30th Street to 34th Street between 10th and 11th Avenues and 30th Street to 33rd Street between 11th and 12th Avenues, will include 17 million square feet of…, About Related:, Related Companies is the most prominent privately owned real estate firm in the United States. Formed over 40 years ago, Related is a fully integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, marketing and sales…, About Oxford Properties Group:, Oxford Properties Group is a global platform for real estate investment, development and management, with approximately 2,000 employees and $37 billion of real estate assets that it manages for itself and on behalf of its co-owners and investment partners. Established in 1960, Oxford was acquired…
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Related, LargaVista break ground on 300 Lafayette, a boutique SoHo office, retail building
Related Companies and LargaVista Companies announced that they have broken ground on 300 Lafayette Street, a new, 80,000-square-foot, mixed-use boutique office and retail building that offers nearly 50,000 square feet of office space on the top floors and 30,000 square feet of flagship retail space…, About Related:, Related Companies is the most prominent privately-owned real estate firm in the United States. Formed over 40 years ago, Related is a fully-integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, marketing and sales…, About LargaVista Companies:, LargaVista Companies is a second-generation real estate development, investment and management firm based in New York City. LargaVista means “long view” in Spanish. This characterizes LargaVista’s approach to property acquisition and development while also paying tribute to the company’s Latin…, About JLL:, JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion,…
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