Related Companies plans to develop a 1,200-foot skyscraper at 625 Madison Avenue, which it acquired from SL Green for over $600 million in December. The tower will feature retail, a hotel, and condos. CEO Jeff Blau mentioned a nine-month demolition phase ahead, with no zoning changes needed. Related is also working with Wynn Resorts on a 3 million-square-foot hotel and casino in Hudson Yards, which will include office space, apartments with affordable housing units, a public school, and a large park. Steve Ross has stepped back from Related to focus on investments in Palm Beach County.
625 Madison Avenue
