Our unwavering dedication to the highest standards is apparent in everything we do: inspired architectural and interior design, innovative construction management, partner selection, sophisticated financing strategies, and pride of ownership in property management. It's been our signature for over 20 years, and will be for the next 20 as well.
For over a decade, Related Companies have been creating architecturally significant landmarks that lead the way in sustainable building practices-each designed to have a dramatically reduced impact on the environment and to support the health and well-being of the residents. In 2009, Related Midwest's 340 on The Park became the first residential tower in the Midwest to meet the U.S. Green Building Council's LEED Silver Certification standards, reflecting efficient use of resources during construction and cost-effective planning for sustainability over the life of a property. In the delivery of sustainable design, our attention to detail reaches beyond efficiency to aesthetics. Choices like low-e glass, bamboo flooring, and extensive plantings conserve resources even as they add a more distinctive look to both private and public spaces. We continue to explore new techniques and technologies to stay on the leading edge of eco-conscious development. Our ongoing dedication to sustainable design is demonstrated through all of our new developments including 500 North Lake Shore Drive and 111 West Wacker Drive, both of which are on track to receive LEED Silver certification.
Our philosophy is one of multidisciplinary collaboration, embracing the unique contribution of people from every aspect of real estate development. Related Midwest is a fully integrated team of professionals with expertise in all major disciplines, including architecture/design, planning/entitlements, finance, construction, and property management. We are a single resource for the successful completion of any real estate project.
In a business of concrete and steel, it's the people that set one company apart from another. And the Related Midwest team is without question the best at what they do. One of our top priorities is to identify and retain individuals who are at the top of their fields, and our executive team reflects that. They are some of the most accomplished real estate professionals in the industry, each wholeheartedly committed to the success of Related Midwest.
Related Midwest is one of the most active developers in Chicago. With 1,000 new apartments currently under development, over 500 condominiums heading to market, and two additional large-scale affordable housing redevelopments under way, we are active in all areas of residential real estate.
Related Midwest is backed by Related Companies, one of the largest privately-held real estate companies in the country with a portfolio valued at over 15 billion dollars. It's this extremely high level of activity that sets Related apart from other real estate developers, and creates an unparalleled capacity for financing.
We are proud of our longstanding reputation for executing on time and on budget, regardless of how complicated or challenging a project might be. Our ability to succeed on projects across all asset classes has inspired confidence in our partners and lenders, making Related the premier real estate developer in the Midwest.