Founded three years ago by Stephen M. Ross, chairman, andKenneth A. Himmel, president and CEO, the developers are alsocompleting major projects in Birmingham, MI (opening in 2001);Boston, Dallas and Bellevue, WA (all opening in 2002) and Manhattan(opening in 2003 as Columbus Centre).

Development partners in CityPlace, in addition to Ross, alsochairman and CEO of The Related Companies in New York City. andHimmel former owner of his own Boston-based development firm, areJorge M. Perez, chairman of The Related Group of Florida in Miami,and Jeremiah W. O'Connor, Jr., chairman of The O'Connor Group inNew York City.

Participating in ownership is the Ohio State Teachers RetirementSystem. The City of West Palm Beach is a financial partner, asowner of the 55-acre site (of an overall 77-acre downtownredevelopment tract) leased to CityPlace and as a guarantor of $55million in tax-exempt bonds issued to pay for infrastructure andfour parking decks handling 3,300 vehicles.