Stephen Ross trades Central Park for Hudson Yards. Here’s a peek at his other homes

The founder of the Related Companies and his wife, jewelry designed Kara Ross, are moving to Hudson Yards

TRD New York /
Jul.July 16, 2019 05:39 PM
Related Companies chairman Stephen Ross and his penthouse at 25 Columbus Circle and his Hamptons property at 35 West Neck Lane (Credit: Corcoran, Getty Images and Trulia)

Related Companies chairman Stephen Ross and his penthouse at 25 Columbus Circle and his Hamptons property at 35 West Neck Lane (Credit: Corcoran, Getty Images and Trulia)

Stephen Ross once credited himself as being one of two New Yorkers who lives and works in the same building, the second being now President Donald Trump.

As the Related boss and Miami Dolphins co-owner trades up, taking a penthouse unit at the company’s Skidmore Owings & Merrill-designed 35 Hudson Yards, he will retain that accolade (his development firm bought an office condo next door, at 30 Hudson Yards).

But first, he’s letting go of the 8,500-square-foot aerie he owns with his wife, jewelry designer Kara Ross, in another Related-developed building, the Time Warner Center. The couple put the Central Park penthouse on the market, asking $75 million, as the Wall Street Journal reported Tuesday.

From a quick scan of Ross’ residential holdings, it’s clear he has a penchant for getting high on his own supply. Below is a quick rundown of some of his other residential properties. Ross could not be reached for comment.

25 Columbus Circle (Credit: Wikipedia)

25 Columbus Circle (Credit: Wikipedia)

Time Warner Center, 25 Columbus Circle, New York
The five-bedroom penthouse boasts panoramic city views from the Related-developed tower, the Time Warner Center — which also currently houses company’s headquarters. Listed with Corcoran with an asking price of $75 million, it’s the first time the property has been on the market.

70 Vestry Street (Credit: StreetEasy)

70 Vestry Street (Credit: StreetEasy)

70 Vestry Street, New York
Ross spent $6.9 million last year on a condo on the fifth floor of another Related development, 70 Vestry Street in Tribeca. A penthouse in the building once competed for the title of priciest condo sold in Downtown Manhattan, but Silvio Scaglia, the Italian telecom entrepreneur, who purchased the pad paid $10 million below ask. Other buyers in the building include film producer and director Jack Heller and health-care investor Paul M. Meister.

400 West 12th Street (Credit: StreetEasy)

400 West 12th Street (Credit: StreetEasy)

Superior Ink, 400 West 12th Street, New York
Ross picked up a fourth-floor unit at his company’s Superior Ink residential complex in 2010. Another unit, #6D was also transferred to Susan De Franca, president of sales at Related, TRD reported.
According to StreetEasy, there are 10 active listings in the building at the time of publication, with prices going up to $35 million.

35 West Neck Lane, Southampton (Credit: Trulia)

35 West Neck Lane, Southampton (Credit: Trulia)

35 West Neck Lane, Southampton
Ross built the secluded eight-bedroom home in 2000, Curbed previously reported.  The 9,148 square-foot property, which sits on a 2.81-acre lot, is surrounded by greenery and looks out over a bay. Trulia puts its estimated worth at $11.39 million.

 

702 N. County Road, Palm Beach
Ross purchased this luxury oceanfront mansion, known as “The Reef,” in a quiet transaction in 2015, according to the Palm Beach Daily News. There were no brokers involved in the transaction, and Ross is reported to have paid $31.85 million. The sellers were named as Anita and Stuart Subotnick, who paid $9 million for the property in October 1996. In 2018, the home incurred a reported property-tax bill of $572,632. Ross could not be reached for comment.

Il Lugano, 300 Seminole Ave, Palm Beach (Credit: Highrises)

Il Lugano, 300 Seminole Ave, Palm Beach (Credit: Highrises)

Il Lugano, 300 Seminole Ave, Palm Beach
Ross paid $6.3 million for a four-bedroom condo at Il Lugano, at 300 Seminole Ave, in 2002 property records show. Ross sold the sixth-floor unit in 2008 to financier Lee Munder and his wife, Laura, for $12.1 million. The couple sold it in 2013 for $17.4 million.


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