Miami Skyline with Luxury Condos
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Sponsor Our ArticlesJon Paul Pérez has officially become the CEO of the Related Group, following his father, Jorge M. Pérez. With a strong background in real estate and a commitment to both luxury and affordable housing, he aims to steer the company into a promising future. His brother, Nick Pérez, has also been promoted to president of the condominium division. As Related Group continues to develop thousands of residential units in South Florida, the Pérez family’s legacy in the local real estate market is set to thrive.
Exciting news for the real estate scene in Miami! After decades of leadership, Jon Paul Pérez has officially taken the helm as CEO of the Related Group, stepping into the big shoes once filled by his father, Jorge M. Pérez. As the founder of the company, Jorge Pérez has been known as Miami’s “condo king,” and with Jon Paul now leading the company as of this week, the future looks bright for this real estate giant.
Jon Paul Pérez has been instrumental in the company since 2020, serving as president. His solid track record doesn’t just stop there! He’s got over a decade’s worth of experience in various roles both at Related Group and at Related Companies in New York before that. Now, as CEO, he will have the reins to drive the company’s strategic initiatives directly, while Jorge transitions into the role of executive chairman.
It’s important to note that Jorge won’t be stepping back entirely. He will still work closely with Jon Paul and his other son, Nick Pérez, who was recently promoted to president of the company’s condominium division. This dynamic trio promises to keep the family legacy thriving in South Florida.
With both Jon Paul and Nick Pérez at the forefront, they offer a wealth of experience and understanding of the local market. As Jon Paul focuses on the daily operations, Nick continues to expand the condominium division. Together, they are well-prepared to navigate the complexities of the housing market in an ever-changing economy.
Founded in 1979 by Jorge Pérez, Related Group stands tall as the largest condo developer in Miami, delivering over 100,000 apartments and condos. Throughout its journey, the company has built an impressive reputation for creating both luxury high-rise buildings and affordable housing projects. The company’s strong presence has truly shaped the Miami skyline.
The new leadership comes at an exciting time for the Related Group, which has a whopping 30,000 residential units in various stages of development across South Florida. Among other projects, the Baccarat condo project in Brickell is already an 88% sold sensation, and Casa Bella and The St. Regis Brickell are half reserved, with interest steadily rising. They even managed to secure $1.7 billion in construction loans, reflecting strong investor confidence despite tougher lending conditions.
As they progress into this new chapter, Jon Paul has made it clear that his focus will be on quality projects, labeling them as “super boutique” that come with luxurious amenities and stunning architecture—setting the bar even higher for the Miami real estate market.
Even amidst these ambitious high-end developments, Related Group remains committed to supporting affordable housing projects. They’ve recently secured additional funding to continue these important initiatives, demonstrating their resilience even when the lending environment faces challenges.
Yet, it’s not just about buildings for Jorge Pérez, who is also known for his vast art collection. He has made headlines in the past for his generous contributions, including a remarkable $40 million gift to the Miami Art Museum, now known as the Pérez Art Museum Miami. This shows that the Pérez family is not only a powerhouse in real estate but also deeply cares about enriching the community they call home.
As Jon Paul takes the reins and leads Related Group into the future, Miami can eagerly anticipate even more incredible developments on the horizon. The Pérez family’s essence has been a significant part of the city’s landscape, and it appears that legacy will only continue to flourish.
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