Related Companies

Today, Related California and Co-Founder and Chairman Bill Witte announced its executive succession plan. Effective January 1, Gino A. Canori will assume the role of President and CEO of Related California’s market-rate and mixed-use division, and Ann Silverberg will become President and CEO of the affordable division. Bill Witte will assume the role of Chairman Emeritus as he and his long-time business partner, Frank Cardone, step back from day-to-day management.   Thank you for Bill and Frank for growing the company into a prolific affordable housing developer. We look forward to this next chapter for Related California, led by Gino and Ann, as these business lines collaborate in new ways! Click the link to read the press release. https://lnkd.in/gwB3J6va

Last Thursday, we hosted a special Wells Fargo Veterans Day Celebration at Hudson Yards, honoring the selflessness, courage and leadership of those who served our country. The event featured an inspiring fireside chat between our colleague, EVP Frank Monterisi, a former Marine Corps Captain, and General James Mattis, former U.S. Secretary of Defense. About 200 Wells Fargo and Related guests were in attendance.

On Wednesday, Related California , the HOUSING AUTHORITY OF THE CITY OF LOS ANGELES (HACLA), and the California Department of Housing & Community Development broke ground on Alveare, the first phase of a 100% affordable, mixed-use, multigenerational community in Downtown Los Angeles. When complete, Alveare will provide 303 affordable homes for families, seniors, and individuals in need of permanent supportive housing, becoming the largest affordable housing community in DTLA.

Related Affordable has completed its first three preservation projects in the state of Tennessee: Cumberland Crossing, Midtown Estates, and Horizon Square Apartments. While preserving long-term affordability, the renovations include modernized apartments, and upgraded common areas. Watch this video to discover these communities, and their residents.

Last Thursday, Related California and Mercy Housing California celebrated two major milestones in the revitalization of Sunnydale HOPE SF: the grand opening of Amani and Nia—bringing 170 affordable homes and 25,000 square feet of community-serving space—and the groundbreaking of Cielo and Luca, which will add another 184 homes to the Sunnydale community.   Once complete, the revitalization will deliver approximately 1,700 new affordable and market-rate homes, upgraded infrastructure, and vital community-serving amenities.

Today, I am thrilled to share that Related Digital is developing a more than 1-gigawatt data center campus in Saline Township, Michigan exclusively for Oracle as part of OpenAI and Oracle's previously announced partnership to deliver 4.5 gigawatts of additional Stargate capacity. This multi-billion project will create 2,500+ union construction jobs, 450+ jobs onsite, 1,500 jobs county-wide, as well as thousands more indirect jobs across Michigan and the U.S. Thanks to Governor Gretchen Whitmer’s leadership and bipartisan efforts to attract projects like ours to the State, Michigan is well positioned to play a central role in delivering the digital infrastructure that will keep America competitive in the global AI race. Our Related Digital team is especially proud that this campus is being designed and built the right way — with a closed-loop cooling system that limits daily water use to levels comparable to an office building, the preservation of hundreds of acres of farmlands, wetlands, and woodlands, and a LEED-certified, sustainable design. Power to the site is being provided directly by DTE Energy using existing resources augmented by a new battery storage investment – financed entirely by the project – in a way that ensures there is no impact on DTE’s existing customers’ energy supply or rates. In fact, DTE’s customers will benefit from the project contributing its share to the fixed costs of maintaining and improving the grid. None of this happens without true collaboration and many pieces falling into place. I want to thank Governor Whitmer and Michigan EDC, our partners at Oracle including CEO Clay Magouyrk and EVP Mahesh Thiagarajan, Sam Altman and the OpenAI team, the team at DTE Energy, our constructions partners at Walbridge, and our incredible team at Related Digital led by CEO Brent Behrman. Please read more about today’s announcement here: https://lnkd.in/eU2NgMNv #RelatedDigital #Oracle #OpenAI #Stargate #Michigan #Innovation #Sustainability #AIInfrastructure #Partnership

Yesterday, Brent Cross Town officially opened Neighbourhood Square and The Fountain, a vibrant new gathering space at the heart of North London. Inspired by iconic European plazas, the square features a cascading fountain surrounded by lush greenery and welcoming bench seating, creating a central meeting place for the entire community.

Related Affordable has completed the rehabilitation of the 125-unit Avon Towers in Rochester Hills, MI. The renovation enhances quality of life while preserving long-term affordability for senior and disabled residents. Residents can now enjoy their renovated apartments, along with a brand-new patio space, an upgraded community room and a revitalized library. In partnership with the Related Affordable Foundation, the nonprofit Adapt: Community Supported Ecology has also enriched the property’s gardens with more than 50 native plants.

Yesterday, the Related Affordable Foundation and nonprofit partner KABOOM! celebrated the ribbon cutting of a new playspace at Skyview Downtown in Springfield, MA. Designed with input from our youngest residents and built with the help of dedicated volunteers, including team members, property staff, residents, and local partners, this new playground will bring joy to the community for years to come.