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Chicago funding exec A. Steven Crown was once the consumer who pa…


Chicago funding govt A. Steven Crown, a member of one of the crucial town’s wealthiest households and a spouse in his circle of relatives’s Henry Crown & Co., has been recognized as the consumer who paid $17.4 million in March for the full-floor condo at the Thirty fourth surface of the construction at 9 W. Walton St., in what is without doubt one of the town’s highest-priced apartment purchases on report.

A supply showed that Crown, who’s the son of businessman Lester Crown, was once the consumer of the apartment, which is one degree underneath the 4 full-floor condos that billionaire and Fort founder Ken Griffin bought in 2017 for a mixed $58.75 million. Griffin, who has relocated his trade and his circle of relatives to Florida, these days has the four-bedroom, 7,085-square-foot full-floor apartment at the thirty fifth surface on the market for $14 million.

Lengthy a North Shore resident, Crown purchased the apartment, which was once by no means publicly indexed, thru an opaque land agree with. He isn’t the one member of the Crown circle of relatives ever to have paid greater than $10 million for a Chicago house. In 2002, his brother, James Crown, paid $10.1 million for a Gold Coast apartment.

The dealers, who may just now not be recognized, paid $9.91 million in 2018 for the apartment as uncooked house.

Record agent Susan Miner of Premier Relocation may just now not be reached for remark, whilst Jeffrey Lowe of Compass, who represented Crown, declined to touch upon any side of the transaction and declined to verify the consumer’s identification.

Despite the fact that a number of next Chicago apartment gross sales have eclipsed the deal’s $17.4 million quantity, the sale value continues to be one of the crucial highest-priced quantities ever recorded for a Chicago-area place of dwelling. The one publicly recorded offers for extra are filmmaker George Lucas and his spouse, Mellody Hobson, paying $18.75 million in 2015 for the Sixty fifth-floor penthouse within the Park Tower, Groupon co-founder Eric Lefkofsky paying $19.5 million in 2014 for a mansion on Lake Michigan in Glencoe, non-public fairness govt Bryan Cressey and his spouse, Iliana Sweis, paying $20 million previous this yr for the 89th-floor penthouse within the Trump Global Resort & Tower, and Mexican billionaire German Larrea paying $20.56 million in September for a four-bedroom, 10,000-square-foot duplex condo at the 71st surface of the Apartments on the St. Regis Tower.

As well as, billionaire Justin Ishbia has paid $39.9 million for 4 separate lakefront homes in Winnetka, however the homes aren’t all contiguous, and no person belongings offered for greater than $16 million. And whilst Griffin paid $58.75 million in 4 separate transactions in 2017 for the thirty fifth thru Thirty eighth flooring within the construction at 9 W. Walton, simplest one of the crucial 4 transactions — his acquire of the Thirty eighth-floor penthouse for $21.17 million — exceeded the volume that Crown paid in March for his apartment.

The Thirty fourth-floor apartment at 9 W. Walton had a $208,395 belongings tax invoice within the 2020 tax yr.

Bob Goldsborough is a contract reporter.

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