Business

Ken Griffin sells 66th-floor Park Tower condominium for $11.2M


Billionaire Ken Griffin on Friday offered an 8,000-square-foot rental at the 66th surface of the Park Tower development at the Close to North Aspect for $11.2 million — simply the best possible Chicago-area house sale value on this new 12 months.

Griffin, who just lately relocated his hedge fund company, Fort, and his personal circle of relatives to south Florida after complaining about crime in Chicago, took a significant loss at the unit, which he purchased for $15 million in 2012. That signifies that his sale value on Friday was once greater than 25% not up to he paid for the unit greater than a decade previous.

Griffin now has unloaded the second one of 4 high-priced rental at the Close to North Aspect that he just lately positioned in the marketplace — all of that have been indexed for greater than $11 million every. In October, Griffin offered his five-bedroom, 7,400-square-foot full-floor condominium at the thirty seventh surface of the Waldorf Astoria — which were Griffin’s most up-to-date criminal place of dwelling — to an opaque Delaware restricted legal responsibility corporate for $10.22 million, which was once $1.27 million beneath his asking value and $3.07 million, or 23%, not up to the $13.3 million that Griffin had paid for that condominium in 2014.

Nonetheless in the marketplace are a 9,250-square-foot, full-floor penthouse rental at the Park Tower’s 67th surface, which is to be had for $15.75 million, and a 7,085-square-foot unfinished rental at the thirty fifth surface of the development at 9 W. Walton Side road, which is indexed for $14 million. Griffin continues additionally to possess the thirty sixth via thirty eighth flooring of the development at 9 W. Walton Side road, and there’s no phrase but on when or if he’s going to position the ones on the market.

As for the 66th-floor Park Tower unit, Griffin first indexed it in July for $13.25 million, and he struck the deal to promote it in November. The unit is uncooked area — Griffin purchased it 12 years after his $6.9 million acquire in 2000 of the Park Tower’s 67th-floor unit, which at one time was once his circle of relatives’s place of dwelling. Alternatively, Griffin by no means constructed out the 66th-floor unit, which has 13-foot ceilings, 360-degree perspectives and 550 sq. toes of outside area.

Record agent Susan Miner of Premier Relocation didn’t right away reply to a request for remark.

The 66th-floor unit had a $165,124 assets tax invoice within the 2021 tax 12 months.

Goldsborough is a contract reporter.

Sign up for our Chicago Dream Homes Facebook group for extra luxurious listings and actual property information.


Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button