Gold Coast Real Estate News

Four pricey Gold Coast condos are now up for sale, following the recent announcement that a billionaire financial chief is headed to Florida. Ken Griffin, of Citadel, recently announced plans to move his firm to Miami.

Since that time, he’s put four of his condo holdings on the market, all of which are individually priced upwards of $10 million. To put that in perspective, just two Downtown Chicago condos sold for upwards of $10 million last year, and Griffin has four up for sale this year.

The real estate includes an entire unfinished floor at No 9 Walton. Griffin purchased all four top floors of the building in 2017 for $58.5 million but never finished the space. As of now, just the lower-level unit belonging to Griffin is for sale.

Listed for

A new developer has plans to develop a condo building in the Gold Coast where another condo project failed to get off the ground. The latest plan calls for designing a 34-story condo tower on Maple Street where a four-story building now stands.

Previously, a different developer had hoped to construct a 22-story condo tower at the site. While the former plan only called for a dozen large condos, the new plan is for 54 condos and some parking spaces.

It’s expected the condos would likely range in size from around 1,300 to 6,000 square feet for a two-level penthouse unit. Plans also call for a drive-through motor court leading to an alley on the east side of the building, as well as a pedestrian lobby on the opposite side of the building.

Recently released

A condo at 9 W Walton in Chicago just sold for a whopping $17.4 million in an off-market sale, making it one of the most expensive properties to sell in the city this year. The only single-family property to sell for a higher price in 2022 has been a $20 million penthouse sold at Trump Tower Chicago.

As for the 9 W Walton condo, it sits on the 34th floor of the Gold Coast building and sold in March. Property records list both the buyer and seller as trusts.

The last time the condo sold was in 2018. At that time, a trust purchased the condo from the developer for $8.9 million, which was about half the recent sale price.

The building is home to celebrities and other big names in the Chicago area. A few years ago, a hedge fund billionaire purchased four

In case you missed it, Chicago Bears star linebacker Khalil Mack closed on a new Gold Coast condo last month, paying $6.85 million for the unit according to a report from Crain’s.

Representing the priciest downtown condo sale since last summer, Mack’s new condo residence inside the highly sought-after No. 9 Walton building is said to include three bedrooms, a huge 14-foot kitchen island, a wet bar and sitting room in the primary bedroom suite, and a sprawling 750 square foot terrace with a hot tub.

As mentioned by Crain’s, this particular unit was finished by the previous owners and purchased from JDL Development—the developers of the building—but never moved into after the sale.

Khalil Mack was traded to the bears from Oakland in 2018 and also has a

For fantastic views, top amenities and plenty of private inclusions, it’s easy to come up with at least three great reasons to rent at 61 E Banks in 2021. This newer construction building sits in Chicago’s Gold Coast neighborhood, and certainly offers an appealing option for renters searching in the area.

Spectacular Lakefront Location 

The boutique at 61 E. Banks property enjoys some impressive lake views in an ideal setting. And outside of each individual unit, some of the best views are possible from the building’s private rooftop club and terrace.

Pet-Friendly Combined with Luxe Amenities  

The pet-friendly building also adds in such desirable amenities as a valet, garage parking, a fitness center and a full-time concierge. In addition,

A rare opportunity to own a lavish Gold Coast penthouse has presented itself at 1500 N. Lake Shore Drive. What some are calling “the most astonishing penthouse ever built in the city of Chicago,” the six-bedroom, 8,000 square foot duplex hit the market for an equally astonishing asking price of $17 million.

Occupying the entire 24th and 25th floors of 1500 N. Lake Shore Drive, the unit hitting the market is especially significant given it has only had three owners since the
building’s construction back in 1929.

Interior finishes include vaulted ceilings, direct elevator access into a grand formal entry, a 40-foot long walnut paneled gallery hall, 20’ high original coffered ceilings, a library, original bronze hardware, hand-carved doors, and even a

Another Gold Coast luxury property is now off the market, in case you missed it. Former University of Oklahoma football coach Bob Stoops recently sold one of his properties for $1.68 million.

Stoops and his wife paid $2.2 million for the property in 2006. It had originally been on the market for considerably more.

Stoops put the Greystone up for sale in 2017 for $2.7 million after purchasing another row home right next door. Over the years he’s reportedly made five price cuts to the home.

Most recently the property was listed for just under $1.8 million. The four-story mansion was built in the mid 1880s.

It includes 3.5-baths, five fireplaces and an eat-in kitchen with a large island. In addition, the property features high ceilings, a lower level family

Get familiar with the luxury market in Chicago's fabulous Gold Coast neighborhood by taking a closer look at the most expensive condos currently on the market right now...

840 N. Lake Shore Drive #2601

$13.5 million

Listed at $13.5 million, this six-bedroom, 8+-bath unit at 840 N Lake Shore is easily at the top of the list. Measuring in at around 8,800 square feet of living space, this Lakeshore Park penthouse is topped off by another 1,100 square feet of private outdoor space.

The penthouse was custom designed with 12-foot ceilings, a wine cellar, game and media rooms and even leather flooring in its home office. Designed for the ultimate in upscale living and entertaining, the home also comes with three garage parking spaces.

The Palmolive #31A

If you're a dog owner looking for a new apartment somewhere in the Downtown Chicago area, chances are living near a dog park is high up on your list of priorities. So, to help get your search started off in the right direction, we've started a running list of Chicago's top luxury apartment buildings near a downtown dog park.

NEMA

At 76-stories high, NEMA rises high above the South Loop with some fantastic views overlooking the lake, downtown and Grant Park. The building is conveniently positioned near Grant Bark Park; an off-leash park that’s fully fenced and even offers a doggy drinking fountain.

73 E. Lake

Just steps away from Michigan Avenue, 73 E Lake offers luxury apartments complemented by such amenities as an outdoor deck, theater, pet

With the month of October nearly in the books and Thanksgiving right around the corner, what better time to take a closer look at what we consider to be 10 of Chicago’s top places to call home, especially if you’re planning to be in the market for a new luxury condo later this year or in 2020. So without further ado, here are the 10 Chicago condo buildings we’re thankful for most this holiday season.

10) Waldorf Astoria Chicago

Located at 11 E. Walton, this hotel-condo combination is certainly considered among Chicago's most exclusive buildings, and if you're looking for a place where you can enjoy world-class hotel-style amenities 24 hours a day, there are few better options than the Waldorf Astoria Chicago.  [Search condos for sale at Waldorf