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Related announces record sale of high-profile OneEleven apartment tower
Related announced today that it has sold OneEleven, a 504-unit ultra-luxury apartment tower located at 111 W. Wacker Drive, for over $328 (328.225) million. At $651,000 per unit, it is the highest amount ever paid for an apartment building in Chicago. The sale comes just three years after Related…
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W Hotels Worldwide and Related announce launch of sales of The Residences at W Fort Lauderdale and renovation of W Fort Lauderdale
W Hotels Worldwide, part of Starwood Hotels and Resorts Worldwide, Inc. (NYSE: HOT), and storied developers Related Companies and The Related Group today announced comprehensive renovation plans for W Fort Lauderdale and The Residences at W Fort Lauderdale. Related will reimagine 147 luxury…, About W Hotels:, Worldwide W Hotels is a contemporary, design-led luxury lifestyle brand and the industry innovator with 46 hotels and retreats, including 17 W-branded residences, in the most vibrant cities and exotic destinations around the world. Inspiring, iconic, innovative and influential, W Hotels provides…, 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 The Related Group:, Established in 1979, The Related Group is Florida's leading developer of sophisticated metropolitan living and one of the country's largest real estate conglomerates. Its innovative residential developments, that reach cross-market sectors, have dramatically altered South Florida's…
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Related Midwest nears sales closeout at South Loop Luxury by Related
Related Midwest today announced the anticipated sellout of South Loop Luxury by Related, with just 15 of the collection’s original 504 condominiums remaining. The residences, located across three South Loop towers—The Grant, Adler Place and Harbor View—include a mix of one-, two- and three-bedrooms…, About Related Midwest:, Related Midwest, the Chicago office of Related Companies, is the preeminent developer of luxury condominium and rental homes, affordable housing communities and mixed-use properties in Chicago. Recognized for its innovative, market-defining developments, Related Midwest has reshaped luxury living…
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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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Related Companies makes a groundbreaking strategic investment in Pocket to greatly expand for-sale affordable housing in London
Pocket, the leading developer of homes for first-time buyers in London, today announced a landmark deal with Related Companies, one of the largest owners and developers of affordable housing in the U.S. Related’s strategic investment in Pocket, acquiring a 50% stake in the company, marks the first…, About Pocket:, Pocket’s business model is to build affordable housing, without direct public subsidy, sold outright to buyers at a discount to the local market of at least 20%. In 2013, the GLA awarded Pocket a 10 year loan worth £21.7 million (recently increased to £26.4 million) from the Mayor’s Housing…, 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 enters into joint venture on 111 West Wacker Drive, firm to redevelop property as luxury rental building
Related Companies today announced that it has entered into a joint venture agreement with Clark Wacker LLC on a development site at 111 West Wacker Drive in Chicago, Illinois. Related plans to redevelop the property as an approximately 500-unit luxury rental complex that will include on-site…
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Related Midwest breaks ground on innovative luxury rental tower
Market-Defining Building with Sustainable Features, Best-In-Class Amenities and Stunning Views Located at 500 Lake Shore Drive will Create More Than 750 Union Construction Jobs Related Midwest, in partnership with the AFL-CIO Building Investment Trust, today joined local elected officials and labor…
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Related Enters Into Partnership to Re-Imagine and Re-Launch Three Marquee Condominium Developments In Chicago's South Loop
Related Midwest will Bring Best-in-Class Design, Amenities and Management to 1201 South Prairie Avenue, 1629 South Prairie Avenue and 1901 South Calumet Avenue; Expect to Launch Sales this Fall Related Midwest today announced that it has entered into a partnership to re-launch three newly…
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