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Developers

Related Companies

Developer · 8 buildings in the catalog

At a glance

Firm: The Related Companies Founder & chairman: Stephen M. Ross Key principals: Jeff Blau (CEO), Bruce Beal Jr. (President) Founded: 1972 (New York City) Headquarters: New York, NY Focus: Large-scale mixed-use, luxury condominium, rental, commercial, and affordable housing development — the firm behind Hudson Yards, the largest private real estate development in U.S. history Frequent design partners: Robert A.M. Stern Architects, Diller Scofidio + Renfro, Heatherwick Studio, Zaha Hadid Architects, Skidmore Owings & Merrill (SOM), Kohn Pedersen Fox Portfolio scale: A portfolio the firm values at over $60 billion, spanning tens of thousands of residences across luxury, market-rate, and affordable programs Signature reputation: The city's preeminent master-developer — a firm that builds neighborhoods, not just buildings, with a luxury-condo line credentialed by the top of the architecture profession Source: The Roebling Team at Compass — verified against public records, court filings, and published reporting. July 2026.

Related is the firm of Stephen M. Ross, a former tax attorney who founded the company in 1972 with a focus on government-assisted affordable housing and, over five decades, built it into the most consequential master-developer in New York. That origin still matters: Related remains one of the largest affordable and workforce housing owners in the country even as it became synonymous with trophy development. Ross transitioned to chairman in 2012, elevating Jeff Blau to CEO and Bruce Beal Jr. to president; that team runs the firm day to day, and in 2024 Ross launched a separate Palm Beach venture while remaining Related's chairman.

For a buyer, the defining trait is ambition at the scale of a neighborhood. Related does not build one tower at a time — it assembles districts, most famously Hudson Yards, a roughly 28-acre, ~$25 billion development built over an active rail yard on the far West Side. The same instinct produced the Time Warner Center (now the Deutsche Bank Center) at Columbus Circle two decades earlier. When Related enters a corridor, it tends to reshape it.

What they build

Related's residential signature is top-of-market condominium product credentialed by name-brand architecture. Where many developers pick a house style, Related commissions the profession's most recognized designers and lets the building speak in their language. The result is one of the most architecturally diverse luxury portfolios in the city: Robert A.M. Stern's masonry classicism (70 Vestry, The Cortland, The Harrison, The Chatham), Diller Scofidio + Renfro's glass at 15 Hudson Yards, Heatherwick Studio's sculpted "lantern" bays at 515 West 18th, and Zaha Hadid's only New York building at 520 West 28th.

Beyond condominiums, Related builds luxury rentals, Class-A office, retail, hospitality, and a very large affordable and workforce housing platform — and it operates its own fund-management and construction arms, giving it unusual control over how its projects are financed and built. The through-line is scale and integration: Related tends to own the land, the capital stack, the design, and the construction, and to hold and operate what it builds.

Related projects already profiled on this site:

Other notable Related work includes the rest of the Hudson Yards development (35, 50, and 55 Hudson Yards, The Shed, and the Vessel), and a deep bench of luxury rentals and mixed-income housing across the five boroughs. (A separate, similarly named firm — The Related Group in Florida, co-founded with Jorge Pérez — is an affiliated but distinct company; the two amicably separated their interests beginning in 2022.)

Track record and market performance

Related's record has two clear registers, and a buyer should read both.

As a builder of enduring assets, the firm is without a real peer in the city — the Deutsche Bank Center and Hudson Yards each reshaped a Manhattan district, and Related's architect-credentialed condominiums (70 Vestry, The Cortland, Lantern House) are among the most respected new product of their corridors. On design and construction quality, the portfolio sits at the top of the market.

On condominium absorption, the record at the very highest price points has been slower. The trophy towers at Hudson Yards — 15 Hudson Yards and, more so, 35 Hudson Yards — took years to work through their upper-floor inventory, and Related used price adjustments and incentives to move the largest, most expensive residences, with some units trading meaningfully below their original offering-plan asks. The Hudson Yards retail mall also struggled after opening, losing its Neiman Marcus anchor in 2020. These are market and commercial outcomes, not construction problems — but for a buyer weighing new-construction pricing at the top of a stack, they are exactly the kind of history worth studying against current comps before making an offer. Away from the supertall price ceiling, Related's boutique and mid-scale condominiums (70 Vestry, The Cortland, the Stern buildings uptown) have generally sold and held well.

Reputation and what a buyer should know

On post-occupancy build quality, Related's completed condominiums have a clean record. Public records, court filings, and published reporting reviewed for this profile show no construction-defect litigation, and no verified pattern of homeowner defect complaints — facade, water intrusion, mechanical, or structural — at the firm's finished residential buildings. The product is regarded as well-built and well-finished, consistent with its architect pedigree and its pricing.

A note on a common confusion: the widely reported defect saga of a nearby luxury supertall — thousands of alleged defects, flooding, and facade cracks — belongs to 432 Park Avenue, a different building by different developers, and does not apply to Related. Search results and casual references sometimes place it alongside Related's Hudson Yards towers; the two are unrelated.

The one genuine safety episode in Related's recent record is not a residential-building defect but the Vessel, the public sculpture at Hudson Yards, which closed after a series of deaths and reopened only after Related retrofitted floor-to-ceiling steel mesh — an acknowledged design shortcoming in a public structure, since corrected. The other disputes associated with the firm are commercial, financing, or fair-housing/accessibility-compliance matters (Hudson Yards financing, retail vacancy, an affordable-housing amenity-access claim that was dismissed, and a federal accessibility-design matter) — not building-quality defects, and they should not be read as such. Frivolous, NIMBY, and routine zoning fights are not treated as issues here.

For a buyer, standard new-development diligence applies — read the offering plan, confirm lien and title status, review the warranty and punch list — with no defect red flag specific to this sponsor, and a sharper-than-usual eye on resale comps and sponsor-inventory position in the largest, highest-priced towers.

We publish developer profiles because a buyer choosing a new-construction or recently-converted condominium is, in part, betting on the developer — its quality, its staying power, and its record when things go wrong. The Roebling Team at Compass tracks the sponsors behind Manhattan's luxury inventory building by building, and we bring that context to every new-development transaction: what the developer has built, how those buildings have held value, and what to verify before you sign.

If you're evaluating a Related building — or weighing it against another sponsor's product — a 30-minute consultation is the right starting point.

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Corey Cohen, Principal · The Roebling Team at Compass 646.939.7375 · c.cohen@compass.com

This developer profile reflects publicly available information — including NYC public records, court filings, and published reporting — and The Roebling Team's transaction experience. It is provided for research purposes and is not legal advice; nothing here alleges wrongdoing or building defects beyond what the cited public record supports. The Roebling Team at Compass does not represent Related Companies. © 2026 The Roebling Team at Compass.