By James Park
The Related Group has developed more residential units in Miami than any other developer in the city’s history — and its presence in the Miami pre-construction market is virtually impossible to ignore. Whether you’re looking at a Brickell tower, an Edgewater waterfront project, or a Wynwood mixed-use development, there is a reasonable chance Related is involved. Here is an honest assessment of what buyers should know.
Founded by Jorge Pérez — widely known as the “Condo King” — The Related Group has completed over 90,000 residences in South Florida since its founding in 1979. It has navigated multiple real estate cycles, including the severe 2008–2010 downturn that wiped out dozens of Miami developers. The company’s longevity and financial depth give it a credibility profile that smaller developers simply cannot match.
Current active projects include SLS LUX Brickell, Grandé Bay Residences, and several mixed-use developments in Wynwood and Edgewater. Related typically operates 3–8 active sales projects simultaneously in Miami-Dade.
Related’s product quality is solidly mid-to-upper-luxury — not at the bespoke ultra-luxury level of developers like Ugo Colombo (who builds 83 units per project rather than 600), but far above mass-market quality. Finishes are well specified, common areas are thoughtfully designed, and the branded amenity programs (Related typically partners with hotel operators like SLS, Equinox, or others) are genuinely executed, not just marketing.
Where Related’s larger-scale approach sometimes shows: the sheer number of units in a building means you may be sharing amenity areas with hundreds of neighbors, and the build process is more production-oriented than a smaller boutique developer’s.
Related projects typically require 30–50% in deposits, paid over several installments. Deposits are held in escrow per Florida law. Related has a strong track record of completing projects and returning deposits when projects are not feasible — a critical distinction from less capitalized developers.
Related’s assignment policy varies by project and phase. Investors should clarify assignment rights before signing. In recent projects, Related has permitted assignments with written consent and a 1–1.5% assignment fee. In some projects, assignment restrictions are tighter, particularly in early phases.
Related Group projects are generally appropriate for buyers who want brand-name confidence, proven delivery capability, and strong resale liquidity — at a price that reflects those qualities. For buyers seeking maximum appreciation potential through under-the-radar developers bringing unique product to emerging neighborhoods, there may be better options. As with all pre-construction decisions, the right project depends on your specific goals.
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