Stephen Ross, Miami Dolphins owner, forms new company for Florida development

Photo byAndrew H. Walker

In a move signaling a strategic shift towards his roots, billionaire Stephen Ross, owner of the Miami Dolphins and founder of Related Companies, has announced the formation of a new venture, Related Ross. This new company will concentrate on development projects across Florida, underscoring the state's allure for high-profile investors.

Having made his mark with Related Companies, known for transformative projects like New York's Hudson Yards and South Florida's CityPlace, Ross now plans to step back as nonexecutive chairman to dedicate more attention to his home state. Related Ross emerges as a spinoff from Related Southeast, active in South Florida real estate.

Florida's attraction to affluent transplants has been well-documented, with billionaires like Ken Griffin, John Paulson, and Barry Sternlicht relocating their businesses to the Sunshine State. Ross, who spent significant parts of his formative years in Florida and holds deep ties to the region, views this new venture as a continuation of his commitment to its growth and development.

West Palm Beach Mayor Keith James expressed enthusiasm about the collaboration with Related Ross, emphasizing Ross' visionary approach and dedication to inclusive community growth. Ross's recent initiatives include efforts through Related Together, aimed at supporting South Florida students in their educational pursuits.

With a personal history that spans childhood years in both Florida and Detroit, Ross's decision to refocus on Florida reflects not only business strategy but also a personal connection to the state. His educational endeavors and philanthropic initiatives underscore his commitment to fostering opportunities and growth within the local community.

The launch of Related Ross marks a significant development in Florida's real estate landscape, driven by Ross's vision and strategic leadership, poised to leave a lasting impact on the state's economic and social fabric.