Related is making a big bet, with risk spread across asset classes but concentrated within the city limits. Photo credit: Courtesy of Related Midwest A rendering of 725 RandolphOther major institutional investors have continued to eschew development in the Windy City amid familiar concerns over its volatile property tax environment and political climate. Related is behind a pair of megadevelopments: a massive quantum campus on the South Side and the Chicago Fire’s new stadium at The 78. “400 Lake Shore Drive stands where Chicago itself began, at the very point where the river meets the lake and Jean-Baptiste Point DuSable first put down roots,” Related Midwest President Curt Bailey said in a release. “That is not my way of saying that I think Related Midwest is like Sterling Bay, but everything has cycles.”