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Related Ross

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From Wikipedia, the free encyclopedia
Related Ross
FormerlyRelated Southeast
IndustryReal estate development, Property management
Founded2024
FounderStephen M. Ross
HeadquartersWest Palm Beach, Florida
Websitewww.relatedross.com

Related Ross is an American real-estate firm, founded in 2024 by Stephen M. Ross.[1][2][3][4] It is West Palm Beach, Florida’s largest developer and Class A landlord, owning nearly 3 million square feet of commercial space as well as a mixed-use complex and residential properties, including CityPlace.[5][6][7]

As of 2025, Related Ross is investing approximately $10 billion to develop 8 million square feet of space across West Palm Beach.[5][8][9]

History

[edit]

Stephen Ross began amassing property in South Florida during the COVID-19 pandemic, noticing a migration of people and companies moving to Florida for its weather and tax policies.[1] In July 2024, Related Ross was launched, with Ross acting as chairman and CEO.[1][6]

In February 2025, Related Ross opened its first project, One Flagler, a 270,000 square-foot building standing 25-stories tall and featuring a 1.25-acre park showcasing works by Fred Eversley.[10]

In June 2025, Related Ross released revised plans for a “mini-downtown” development in Wellington, Florida.[11]

Related Ross requested a $1.3 million grant from the city of West Palm Beach in July 2025 to renovate two buildings on the historic Hibiscus House property and develop a restaurant.[7] It was later announced that the firm secured a $772 million construction financing package for two new office towers at CityPlace, which is the largest construction loan ever recorded in Florida.[12][13][14]

On April 2, 2026, Related Ross broke ground for a 28-story condominium along the water in West Palm Beach.[15] In February 2026, Related Ross announced it's plan to purchase 71 acres of land in Wellington for a master-planned community and private school.[16]

References

[edit]
  1. 1 2 3 Peter Grant (July 11, 2024). "Stephen Ross Is Launching His Second Act at 84: A New Florida Real-Estate Firm". Wall Street Journal. Retrieved August 24, 2025.
  2. ↑ Lidia Dinkova (March 5, 2024). "Steve Ross' Related starts pre-leasing 322-unit downtown West Palm apartment project". The Real Deal. Retrieved August 28, 2025.
  3. ↑ Lidia Dinkova (July 11, 2024). "Steve Ross launches firm focused on West Palm investments, steps back from Related". Real Deal. Retrieved August 30, 2025.
  4. ↑ Anna J Kaiser (September 16, 2025). "Billionaire Ross Lures ServiceNow for South Florida Expansion". Bloomberg. Retrieved September 24, 2025.
  5. 1 2 Craig Karmin; Deborah Acosta (February 21, 2025). "Can This Developer Make West Palm Beach Into the Hottest City in America?". Wall Street Journal. Retrieved August 24, 2025.
  6. 1 2 Lidia Dinkova (November 15, 2024). ""It's a canvas": Kenneth Himmel digs into Related Ross' West Palm Beach bet". Real Deal. Retrieved August 24, 2025.
  7. 1 2 Andrew Marra (July 1, 2025). "Related Ross wants $1.3M grant from city of West Palm Beach to convert historic house into restaurant". Palm Beach Post. Retrieved August 24, 2025.
  8. ↑ Mehta, Stephanie (2025-09-16). "Exclusive: A giant 'AI Institute' is coming to West Palm Beach. Yes, West Palm Beach". Fast Company. Archived from the original on 2025-10-09. Retrieved 2025-10-22.
  9. ↑ Maghan McDowell (September 25, 2025). "Stephen Ross on Reinventing West Palm Beach". Palm Beach Illustrated. Retrieved January 18, 2026.
  10. ↑ Joshua S. Andino (February 6, 2025). "Related Ross opens 'future of West Palm Beach' with One Flagler office tower". CoStar. Retrieved August 27, 2025.
  11. ↑ Elise Catrion Gregg (June 18, 2025). "How Wellington is growing: Related Ross fine-tunes plan for mini-downtown at K-Park site". Palm Beach Post. Retrieved August 27, 2025.
  12. ↑ Julie Echikson (July 22, 2025). "Stephen Ross Nears $700M Deal to Build West Palm Beach Offices". Commercial Observer. Retrieved August 27, 2025.
  13. ↑ OSCAR NUNEZ (December 21, 2025). "Related Ross Secures Record $772M Construction Loan For 10 And 15 CityPlace In Downtown West Palm Beach". YIMBY. Retrieved January 18, 2026.
  14. ↑ Mark Dovich (January 4, 2026). "Related Ross secures $772M for West Palm Beach office towers". South Florida Business Journal. Retrieved January 18, 2026.
  15. ↑ Clough, Alexandra. "5 things on West Palm Beach growth, new waterfront condos, restaurants". The Palm Beach Post. Retrieved 2026-04-10.
  16. ↑ Bojnansky, Erik (2026-02-26). "Update: Related Ross to pay $46M for Wellington-owned farmland". The Real Deal. Retrieved 2026-05-26.
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