Chicago’s luxury market is still having a record-setting run, adding another ultra luxury sale with a price tag of almost $9 million at the St. Regis tower in Lakeshore East last week.
A four-bedroom condo on the 74th floor of the new construction building sold for $8.93 million, according to a report by Crain’s. It is the highest sale price on record for the 101-story tower, but it may not be for long.
The 5,600-square-foot condo is the 25th home that sold either at or above $4 million so far in 2022, as the end of the first quarter approaches. That pace is slightly ahead of where the market was in 2021, when 101 homes sold in that price range in the full year.
Formerly the Wanda Vista Tower, the St. Regis Chicago is a 101-story tower completed in 2020. Located at 363 E Wacker Dr, it is the city’s third tallest building. The building’s chief architect is Jeanne Gang, head of Studio Gang Architects.
The buyers, who weren’t disclosed in public records, put the property under contract in 2018.
Several other major sales should be coming to the tower soon. The tower’s agents have 11 units listed at “pending” on public listing sites, including three units over $10 million. A three bedroom, three bath unit was sold for $2.9 million just days after the $8.9 million sale.
In late February, a unit on the 80th-floor went for nearly $8.85 million, a record in the building at the time.
[Crain’s] — Miranda Davis
Read more
Residential
Chicago
Another $15M condo listing comes to Chicago market
Residential
Chicago
Trump Tower penthouse sale may signal Chicago luxury condo market’s peak