Developer Stephen Ross is hoping to part with another of his apartments.
The Related Cos. founder and full-time Florida resident, who left Related last year to focus on turning West Palm Beach, Florida, into a city to rival New York, has listed a West Village two-bedroom unit for about $7 million, according to an ad that appeared Thursday.
The 1,900-square-foot home, which has three walk-in closets, a den originally intended to be a third bedroom and arched windows overlooking the Hudson River, is located in a condo on West 12th Street between West and Washington streets that was developed in 2009 by Related itself.
Known as Superior Ink for the factory that was razed to make way for the 17-story project, the condo had once planned to sell Ross’s unit for $5.2 million, according to its offering plan, which predicted a sellout of $449 million for all 85 homes.
But Ross, who was Related’s chairman and CEO at the time, in 2010 took the title of the apartment for free, according to a deed on file with the city register. It’s not uncommon for developers to grab units for themselves as a sort of a fee for their investment and work.
But because Related has been one of New York’s most prolific developers, Ross ended up with a personal portfolio that seems larger than that of his peers, including condo units in Lincoln Square, Tribeca and Hudson Yards that were often owned simultaneously.
Still the billionaire investor, whose holdings also include the Miami Dolphins football team, has been unloading his New York homes in the past few years. In 2023 Ross, 84, parted with his 8,300-square-foot penthouse at Related-built 25 Columbus Circle (now known as the Deutsche Bank building) for $40 million, though he sought $75 million when the five-bedroom first hit the market in 2019.
Similarly this month Ross also closed on the sale of a two-bedroom at a Related project on Tribeca’s Vestry Street for about $9 million, the register shows. But in a departure Ross actually paid for that unit, shelling out about $7 million for the two-bedroom in 2018, according to the register.
Despite the sell-off, Ross has kept his penthouse on a top floor of a spire at Hudson Yards, the neighborhood megaproject developed by—wait for it—Related.
Ross, a former tax attorney, founded Related in 1972. In 2012 Ross handed the company’s CEO reins to current chief Jeff Blau, and in 2024 he relinquished his chairman role to focus on a massive new venture in West Palm. Related Ross, a rebranded name for the former Related Southeast, seeks to remake the Florida enclave where Ross lives with rental buildings, condo complexes and even a convention center.
But Ross has not completely exited his old company. Now holding the title non-executive chairman, Ross also reportedly remains Related’s largest shareholder.
Stephen Ferrara, a Compass agent with the West Village listing, had no comment by press time.
