The Aporia · Stephen Ross expanding in Boca Raton at a 124-acre, former IBM facility

Stephen Ross expanding in Boca Raton at a 124-acre, former IBM facility

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Cuozzo, S. (2026, September 27). Stephen Ross expanding in Boca Raton at a 124-acre, former IBM facility. New York Post. https://nypost.com/2026/09/27/business/stephen-ross-expanding-in-boca-raton-at-a-124-acre-former-ibm-facility/

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Quick Summary

Stephen M. Ross, chairman and CEO of Related Ross, is expanding his company's presence in Boca Raton by acquiring the 124-acre Boca Raton Innovation Campus (BRIC), which includes 1.7 million square feet of office space previously owned by IBM. This acquisition adds significantly to Ross’s existing portfolio in Palm Beach County, where he has invested over $10 billion since 1998, including developments like City Place mixed-use complex. Ross sees this move as a growth opportunity for South Florida, providing companies an alternative location to West Palm Beach.

Written by AI on 2026-09-28, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Story summary

Stephen M. Ross, chairman and CEO of Related Companies, is expanding his real estate empire into Boca Raton, Florida, by purchasing a 124-acre former IBM facility known as the Boca Raton Innovation Campus (BRIC). The acquisition includes over 1.7 million square feet of office space, adding to the nearly $10 billion worth of investments Ross has made in Palm Beach County since 1998. Two buildings within the campus are almost fully leased, with recent tenant D-Wave Quantum relocating its headquarters from Palo Alto, California. Ross highlighted that this move provides companies in defense tech, technology, and financial services an alternative to West Palm Beach for growth opportunities. The deal underscores Boca Raton’s growing prominence as a desirable office district in South Florida.

Written for “Real Estate Development Florida” on 2026-10-31, grounded in this article and the 0 other(s) covering the same event.

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0 of 10 hedged ("reportedly", "may", "according to")

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takes no side on a contested political question

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New York Post's corrections and hedging, across everything collected from it. Not a measure of accuracy.

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articles that frame the event the way this one does

Who wrote this

Steve Cuozzo

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Nothing else under this byline is closely related to this article, so these are simply their most recent.

All 20 articles by Steve Cuozzo →

Claims (10 extracted, 0 hedged)

When we reported two years ago that once-sleepy Boca Raton was becoming a desirable South Florida office district, the message wasn’t lost on Related Ross chairman and CEO Stephen M. Ross. asserted

message → report → Ross

His company this month swooped into the Boca market by purchasing the entire Boca Raton Innovation Campus (BRIC), a 124-acre, former IBM facility that adds 1.7 million square feet of offices to Ross’s Palm Beach County portfolio. asserted

that → swoop → portfolio

The price wasn’t disclosed. asserted

price → disclose → ?

Two connected buildings that are over 90% leased form the heart of the campus. asserted

that → connect → campus

The most recent significant signing was for D-Wave Quantum, which relocated its headquarters from Palo Alto, Calif. Ross told us, “Our expansion into Boca Raton is a strong growth opportunity for South Florida. asserted

expansion → relocate → Florida

It gives defense tech, technology and financial services companies an alternative to West Palm Beach when choosing where to grow in the region.” asserted

It → give → region

Ross, who as former head of New York-based Related Companies was the prime mover behind Hudson Yards and Time Warner (now Deutsche Bank) Center, has invested over $10 billion in Palm Beach County since 1998 with the development of the City Place mixed-use complex. asserted

who → base → complex

His West Palm Beach portfolio includes more than 3.2 million square feet of existing or in-construction offices, five apartment buildings and tens of thousands of square feet of stores, wellness centers and restaurants. asserted

portfolio → include → stores

Morgan Stanley Capital International (MSCI) signed a long-term lease for 7,500 square feet at Phillips Point in West Palm and Solomon Partners signed for 4,200 square feet there. asserted

Partners → sign → feet

Ross’s commitment to the area includes a $100 million donation to bring Pine Crest School to West Palm Beach to increase educational opportunities in the area. asserted

commitment → include → area

Stephen Ross expanding in Boca Raton at a 124-acre, former IBM facility

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Claims (10 extracted, 0 hedged)