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28-553: The city of Las Vegas Redevelopment Agency (RDA) was created in 1986 by the Nevada Legislature to help revitalize downtown Las Vegas. Although the RDA is legally a separate entity from the city, city council members sit on its board and approve projects, contracts and incentive programs. The city of Las Vegas currently has two designated redevelopment areas. Redevelopment Area 1 encompasses 4,336 acres. The area roughly includes

56-729: A Union Pacific rail yard , Symphony Park is being master developed for mixed-use by the city of Las Vegas, which is also the landowner. Symphony Park is home to the Cleveland Clinic Lou Ruvo Center for Brain Health , Smith Center for the Performing Arts and the Discovery Children's Museum . Notable features of Symphony Parks include: Symphony Park's neighbors include the 5,100,000-square-foot (470,000 m ) World Market Center Las Vegas ,

84-476: A 2-million-square-foot office tower, as well as 5.5 acres of public parkland, a public school, and a 1 million-square-foot apartment building with 329 affordable housing units. The 1,189 feet (362 m) proposed hotel, located west of 11th Avenue, would be 80 stories tall and would include 1,750 rooms, making it one of largest hotels in New York City if built. In March 2024, Wynn Resorts released renderings of

112-481: A clean energy company. In May 2021, Time Warner sold One Columbus Circle back to Related, and the building was renamed the Deutsche Bank Center. Related also signed its first major lease with WHOOP at One Kenmore Square as part of the redevelopment of properties under the iconic Citgo sign . The company launched Lantern House and 360 Rosemary, West Palm Beach’s first Class A office in over

140-536: A decade, in September of that year. The Grand LA opened in July 2022. Designed by Frank Gehry , the $ 1.3 billion development includes a 45-story multifamily structure, a 28-story hotel and 164,000 square feet of retail and restaurant space. In October 2022, the company unveiled The Cortland, a 25-story luxury residential building designed by Robert A.M. Stern and Olson Kundig . Related’s Quinn property broke

168-693: A hotel in Union Park, although the project has been delayed several times. In May 2009, the city council approved a name change from Union Park to Symphony Park to reflect the significant role that the project would play as a cultural and artistic center. Construction also began on the Smith Center for the Performing Arts , which opened in March 2012. The Discovery Children's Museum relocated to Symphony Park one year later. Otherwise, little development had taken place up to that point, with 90 percent of

196-606: A new headquarters location for Zappos.com, development of the Fremont East Entertainment District , the Urban Chamber of Commerce Business Development Center, the Museum of Organized Crime and Law Enforcement and the new Las Vegas City Hall public-private, mixed-use complex. Symphony Park Symphony Park is a 61-acre (25 ha) site located in downtown Las Vegas . Once housing

224-524: A total of 441 rooms. It is scheduled to open in late 2025. A mixed-use project, known as Origin, will occupy six acres and include a 32-story condo building known as Cello Tower, featuring 240 units. Construction is scheduled to begin in 2024 and conclude two years later. In 2012, prior to the construction and opening of T-Mobile Arena , Las Vegas officials envisioned a $ 400 million arena with about 20,000 seats, large enough to house an NBA team, with additional retail throughout. It would have gone on

252-469: Is made up of mixed-use, residential, retail, office, hospitality in what the company calls "premier high-barrier-to-entry markets." Related has developed mixed-use projects such as Deutsche Bank Center , the Grand LA, and CityPlace . In 1972, Stephen M. Ross founded Related Companies with a $ 10,000 loan from his mother and a business plan focused on affordable housing. Related originally began as

280-544: The United States Department of Justice filed a lawsuit against the company and several other large NYC developers, claiming failure to comply with the Americans with Disabilities Act of 1990 . Related announced its plans to develop the £5 billion, 180-acre North London neighborhood, Brent Cross Town, in 2020. It is currently under development. In 2021, Related was one of the founders of energyRe,

308-588: The University of Michigan approved construction for the $ 250 million UM Center for Innovation, which will be developed by Related in partnership with ODM. The groundbreaking ceremony for the Hudson Tunnel Project , a new river tunnel that would double the amount of trains coming from and to New Jersey, took place in November 2023. Related is leading the construction of the concrete casing of

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336-913: The "61 acres", is officially named Union Park. January 2005 Mayor announces gift of land on site to Ruvo for Alzheimer's Clinic ($ 1.4 million or 2 acres (0.81 ha)). March 2005 Las Vegas Performing Arts Center Foundation enters into agreement with Donald W. Reynolds Foundation for $ 45 million endowment plus $ 5 million grant. October 2005 The Related Companies pulls out of a deal to develop office space and residential high-rises in Union Park. December 2005 City enters into agreement with Performing Arts Center Foundation. November 2006 City Council approves Design Standards and Master Parcel Plan. August 2007 Only project in Nevada accepted into Leadership in Energy and Environmental Design for Neighborhood Development (LEED®-ND) pilot program developed by

364-571: The 175-store Las Vegas North Premium Outlets and the multistory Clark County Government Center . Symphony Park is the only project in the state of Nevada to be accepted into a national pilot program for green neighborhood developments. Symphony Park was awarded gold certification under stage 2 of the U.S. Green Building Council ’s Leadership in Energy and Environmental Design for Neighborhood Development. (LEED®-ND) July 19, 2000 City Council authorizes City staff to enter into negotiations with Shopco Advisory Group (representing Lehman Brothers ) for

392-647: The Downtown Las Vegas Retail Assistance Program. The RDA promotes the redevelopment of downtown Las Vegas and surrounding older commercial districts by working with developers, property owners and the community to accomplish beneficial revitalization efforts, create jobs and eliminate urban decay. The RDA coordinates with the city of Las Vegas Economic and Urban Development Department (EUD) on day-to-day operations, development, job creation and long-term strategic goals. The agency's major projects have included Symphony Park ,

420-652: The Las Vegas Redevelopment Agency the powers to redevelop, rehabilitate and revitalize an area. This designation also allows the Redevelopment Agency to provide qualified owners/operators with certain business incentives. The RDA can aid qualifying companies located within the Redevelopment Areas with federal New Markets Tax Credits funding, Tax Increment Financing, Visual Improvement Program matching grant funds and

448-493: The Related Housing Companies, which built thousands of subsidized low and moderate income apartments nationwide. By the 1980s, the company turned towards higher-profile projects. Related hired architect Robert A.M. Stern in the 1990s to design The Chatham on the corner of 65th Street and Third Avenue . In September 2012, Ross became chairman, and Jeff Blau stepped into the role of CEO. In 2014,

476-472: The Tunnel. The following month, Related broke ground on Willets Point , the largest New York City affordable housing project in 40 years. The company announced in July 2024 that Ross would be stepping down as chairman of Related Companies to focus on his other business ventures. Ross will continue to serve as nonexecutive chairman of Related Companies, while Jeff Blau, Bruce Beal Jr., and Kenneth Wong will run

504-469: The U.S. Green Building Council (USGBC), through their Leadership in Energy and Environmental Design for Neighborhood Development (LEED®-ND) green building rating system. In February 2006, the city entered into an agreement with Lou Ruvo Brain Institute. The Lou Ruvo Center for Brain Health started construction in 2007, and began seeing patients two years later. Chef Charlie Palmer also planned to open

532-483: The U.S. Green Building Council. October 2007 The Smith Center for the Performing Arts receives $ 100 million challenge grant from the Donald W. Reynolds Foundation. November 2007 City Council approves a $ 1.71 million agreement with The Whiting-Turner Contracting Company to handle pre-construction services for The Smith Center For The Performing Arts. July 2008 Awarded Gold certification status under stage 2 by

560-609: The agreement between PAMI and the City of Las Vegas for the acquisition of the 61.5-acre (24.9 ha) parcel located at Grand Central Parkway and Bonneville. September 2001 Risk-Based Evaluation completed – Converse Consultants; after completion of the market analysis, second risk-based evaluation completed to determine extent of future remediation requirements for proposed uses of hospital, residential and retail. January 2003 City Council approves City Parkway to act as master developer. 2004 The project, frequently referred to as

588-764: The country including in West Palm Beach , Chicago , Boston , Los Angeles , San Francisco , as well as in London . Related developed the Hudson Yards Redevelopment Project , which comprises 28 acres (0.11 km ) in Manhattan's Chelsea and Hell's Kitchen neighborhoods. Related is also the largest private owner of affordable housing in the United States. The company's real estate assets, valued at over $ 60 billion,

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616-559: The greater downtown Las Vegas area east of I-15, south of Washington Avenue, north of Sahara Avenue and west of Maryland Parkway. It also includes the Charleston Boulevard, Martin L. King Boulevard and Eastern Avenue corridors. Redevelopment Area 2, consisting of approximately 1,049 acres, covers Sahara Avenue from I-15 to Decatur Boulevard, Charleston Boulevard from Rancho Drive to Rainbow Boulevard, and Decatur Boulevard from Sahara Avenue to U.S. 95. An RDA designation gives

644-652: The northeastern edge of Symphony Park, close to the Smith Center for the Performing Arts. The project was envisioned to be a private/public partnership between the city of Las Vegas and the Cordish Cos. The project later morphed into a soccer stadium to attempt to attract a Major League Soccer franchise. The Related Companies Related Companies, L.P. is an American real estate firm with headquarters in New York City , and with offices around

672-593: The original design had already been modified. The current plan now includes 5.6 acres of public green space and will generate thousands of union jobs. In 2023, Related Midwest opened the Row Fulton Market , a 294-unit luxury rental condo that is the tallest building in Chicago’s Fulton Market District . That same year, Related and The Olayan Group began the first BTR rental home offering at Author King’s Cross . In October 2023,

700-595: The property still vacant. The slow rate of development was blamed on the Great Recession . The Parc Haven luxury apartment complex opened in May 2021, with 290 units. Another apartment project began construction in 2023. It includes the five-story Symphony Park II, and the 22-story Symphony Park III, both expected to be finished in 2025. In January 2024, construction began on a five-story building that will house two Marriott hotel brands, AC Hotels and Element, with

728-458: The proposed resort and other components of the western portion of the project. In July 2024, the non-profit group Friends of the High Line claimed that the plan to build a 20-story podium and sky scraper on the western section of the site would overwhelm the park. In response, Related’s CEO downplayed the complaint saying that Related met with the non-profit group “ten times in the past year” and

756-627: The purchase of the 61-acre (25 ha) parcel; City willing to exchange 98 acres in the Las Vegas Technology Center plus $ 2 million. September 25, 2000 Environmental Risk Management Report completed by Converse Consultants. October 4, 2000 City Council holds the agreement that allows the City to exchange 99 acres (40 ha) in the Las Vegas Technology Park plus $ 2 million for the 61.5 acres (24.9 ha). October 18, 2000 City Council approves

784-463: The record for most expensive home sold in Boston’s South End in November 2022; the unit sold for $ 7.4 million. In late 2022, Related entered into a partnership with Wynn Resorts to develop an integrated resort with a casino on the western yard. The next year, it was announced that the plan would include a "'resort' tower", developed with Wynn, as well as a casino and hotel. The plan includes

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