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The Related Group

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The Related Group
NameThe Related Group
TypePrivate
IndustryReal estate development
Founded1979
FounderJorge M. Pérez
HeadquartersMiami, Florida, United States
Key peopleJorge M. Pérez, Related executives
ProductsResidential condominiums, rental apartments, mixed-use developments
RevenuePrivate
Num employeesPrivate

The Related Group is a Miami-based real estate development firm founded in 1979 that became a major player in South Florida and national urban development. The company is known for high-rise condominium towers, mixed-use complexes, transit-oriented projects and luxury residential developments, and it has engaged with notable architects, investors and municipal authorities across multiple markets. Its activities have intersected with urban policymakers, financial institutions, cultural organizations and civic leaders.

History

Founded in 1979 by Jorge M. Pérez, the firm grew amid the 1980s South Florida real estate boom and expanded through the 1990s into markets influenced by figures and institutions such as Norman Foster, Daniel Libeskind, Miami-Dade County, Broward County and financial partners including Goldman Sachs and Bank of America. During the 2000s housing cycle the company undertook projects tied to municipal incentives from City of Miami and regional planning initiatives involving Miami Beach and Fort Lauderdale. The 2008 global financial crisis affected many developers including peers like Related Companies and Tishman Speyer, prompting restructurings, joint ventures with sovereign wealth funds such as Qatar Investment Authority and equity partnerships with family offices and institutional investors. Post-crisis recovery saw renewed activity alongside transit projects coordinated with agencies resembling Miami-Dade Transit and planning efforts with elected officials such as Francis Suarez.

Projects and Developments

The portfolio includes high-profile towers, waterfront condominiums, adaptive reuse projects and mixed-use complexes that interface with cultural institutions like Perez Art Museum Miami and entertainment venues associated with neighborhoods such as Wynwood and Brickell. Significant developments have appeared in corridors near Biscayne Bay, the Miami River and downtown districts adjacent to entities like PortMiami and regional airports including Miami International Airport. The firm has pursued developments comparable to other landmark projects by Extell Development Company and Related Companies (parent group), delivering properties that attract clientele from markets such as Latin America, Europe and Asia. Projects often integrate retail anchored by tenants akin to Nordstrom or Whole Foods Market and hospitality components managed by groups like Loews Hotels or Four Seasons Hotels and Resorts.

Business Operations and Structure

Operations encompass land acquisition, entitlement, construction financing, brokerage, property management and condo association relations, with capital sourced from banks including Wells Fargo and insurance investors such as BlackRock. Organizational leadership interfaces with regulatory bodies including Federal Reserve-influenced lenders, municipal planning departments of entities like City of Coral Gables and constituency groups represented by elected officials such as Daniella Levine Cava. The firm has used joint ventures and special-purpose entities similar to practices by Hines Interests Limited Partnership and The Trump Organization to allocate risk and equity, and it has engaged third-party general contractors and construction managers who work under local building codes enforced by agencies like Miami-Dade County Building Department.

Design Collaborations and Architects

Design collaborations have been a hallmark, commissioning global and regional architects including practices reminiscent of Arquitectonica, ArquitectonicaGEO, Bjarke Ingels Group, Zaha Hadid Architects, SOM (Skidmore, Owings & Merrill), Renzo Piano Building Workshop and individual designers akin to Philippe Starck and Piero Lissoni. Projects often coordinate with landscape architects and firms connected to projects in districts such as Key Biscayne and Coconut Grove, and have partnered with interior architecture studios that have previously worked on commissions for organizations like Faena Group and W Hotels.

Corporate Social Responsibility and Philanthropy

Philanthropic engagement has included contributions and partnerships with cultural and educational institutions such as Perez Art Museum Miami, University of Miami, Miami-Dade College and healthcare entities similar to Jackson Health System. The company has supported affordable housing initiatives and worked with nonprofit housing agencies akin to Habitat for Humanity and community development corporations active in neighborhoods including Little Havana and Allapattah. Its philanthropic footprint has involved arts patronage, donor participation in civic campaigns alongside family foundations comparable to The Knight Foundation and grants to urban revitalization programs linked to municipal redevelopment authorities.

The company has faced litigation and controversies over condo conversions, construction defects, lender disputes and entitlement battles that involved condo boards, unit owners and municipal code enforcement entities. Cases have sometimes paralleled disputes seen in litigation involving developers such as Related Companies (parent group), Lennar Corporation and Toll Brothers where lawsuits addressed issues of warranty claims, disclosure obligations and financing defaults. Other controversies have involved negotiations with local governments over incentives and zoning that prompted public debate with community groups and elected officials such as county commissioners and city council members in jurisdictions like Miami Beach and Fort Lauderdale.

Category:Companies based in Miami Category:Real estate companies of the United States