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How One Family Passes It On, and On...

The Rudins' Real Estate Empire Spans Generations

ET

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Some of the Rudins, from left, Bill, Samantha, Michael and Eric. ILLUSTRATION: Mark Abramson for The Wall Street Journal

Most real estate families have difficulty keeping property empires in one piece through the third generation.

The Rudins are working on generation number five. These days, as the family prepares to open its first major development in more than 10 years—the residential conversion of the former St. Vincent's Hospital—siblings Samantha Rudin Earls and Michael Rudin are being groomed for future leadership.

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