Another St. Regis Chicago Condo Sells, for $8.3 Million

The St. Regis Chicago set another milestone at the end of last year with the sale of a full-floor condo for $8.3 million.

The 76th-floor unit traded hands in November for $1,406 per square foot, marking the most-expensive sale in the 101-story skyscraper since a Mexican mining executive purchased the 71st and 72nd penthouse floors for $20.6 million in 2022, Crain’s reported.

The seller of the 5,900-square-foot condo is tied to David Carlins’ Magellan Development Group, the tower’s developer, according to property records. The condo was sold without a public listing, leaving the original asking price undisclosed. Buyers Alessandra and Johannes Pinto van Zuydam acted without an agent.

Little is known about the buyers, but they are linked to Le Creuset, a privately held French cookware company.

The sale stands as the seventh-highest price paid for a Chicago-area home last year (it closed in November but was recorded publicly this month). It contributes to an uptick in high-value property transactions. Chicago’s downtown condo sales increased by 6 percent last year, particularly in areas like Streeterville and River North.

Last year, 106 homes sold at $4 million or more, a 45 percent increase compared to the 73 tallied in 2023. This makes 2024 the second most active year for high-end real estate, after 2022, when 136 homes in that tier changed hands.

The condo’s sale follows a flurry of activity at 363 East Wacker Drive, where three units sold in early January for a combined $17.1 million. Those transactions included the $6.48 million sale of a 52nd-floor unit, a $6.3 million deal for a 60th-floor condo, and the $4.34 million sale of another unit on the 60th floor.

The seller was Denver-based GD Holdings acquired 84 condos in the skyscraper in a $117.5 million bulk transaction last year.

— Andrew Terrell