Billionaire Stephen Ross Bets on New Offices as Related Cos. Plans Miami Project

Billionaire Stephen Ross is betting on strong demand for new office developments in the US as older buildings empty out. 

Ross’ firm, Related Cos., is moving ahead with its first office project in Miami, a roughly 1,000-foot (305-meter) tower that’s slated to be one of the tallest commercial buildings in the region. Related and its partner, Swire Properties, have begun demolition at the site.