Related’s Stephen Ross just picked up a condo in his firm’s luxury Tribeca development

Chairman joins long list of developers who bought at their own projects

Stephen Ross and 70 Vestry
Stephen Ross and 70 Vestry

Related Companies’ chairman Stephen Ross bought a $6.9 million condominium on the fifth floor of his firm’s Tribeca development, property records show.

The deal comes on the heels of a series of high-profile sales at 70 Vestry Street. In October, a unit Gisele Bundchen and Tom Brady had reportedly been looking at sold for $25.5 million.  Film producer Jack Heller picked up a $18.8 million apartment. And last year, the firm found buyers for its $50 million and $65 million penthouses.

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The Robert A.M. Stern-designed building includes 47 units, an 82-foot swimming pool and a swash court. Related, which is marketing the condos in partnership with Corcoran Sunshine Marketing Group, bought the site from Ponte Equities in 2014 for $115 million.

Ross, who wasn’t immediately available for comment, joins a long list of developers who have bought units at their own projects, including William Zeckendorf, Ian Schrager and Michael Stern.