Real Estate

Ken Griffin puts two of his Chicago condos on the market as he prepares to move his company to Miami – Chicago Tribune


Ken Griffin, the billionaire founder and CEO of hedge fund Citadel LLC who recently announced plans to relocate his firm and his family from Chicago to Miami, has begun making good on his word. Late Tuesday Griffin listed two full-floor penthouse condominium units he owns at the top of the Park Tower on North Michigan Avenue for $15.75 million and $13.25 million, respectively.

Griffin had not been living in the two Park Tower units recently, although he previously did inhabit the top-floor unit. His legal residence of late has been a full-floor unit on the 37th floor of the Waldorf Astoria building on the Gold Coast, which he bought in 2014 for $13.3 million. And in late 2017, he paid a total of $58.75 million in four separate transactions for the top four floors of the building at 9 W. Walton Street, although he has never finished nor moved into those units.

In the Park Tower, Griffin paid $6.9 million in 2000 for the full-floor top level of the 67-story building. He followed that up by paying $15 million in 2012 for the full-floor unit one level below, on the 66th floor. Then, after his divorce from his second wife, Anne Dias Griffin, she deeded her share in the 67th-floor condo to her former husband for $11.75 million.

Griffin is seeking $15.75 million for the six-bedroom, 9,250-square-foot duplex penthouse on the 67th floor of the Park Tower. The unit has seven bathrooms, 14-foot ceilings, custom millwork, a kitchen with a large eat-in area, and a primary bedroom suite with his and hers vanities and a massive walk-in closet. The 67th-floor penthouse also has three private outdoor spaces, including a custom Jacuzzi on one deck, a semi-enclosed balcony and a 400-square-foot roof deck with a custom kitchen on top of the building.

On the 66th floor, Griffin is seeking $13.25 million for the four-bedroom, 8,000-square-foot unit, which has four full bathrooms and two half bathrooms.

Reached by phone late Tuesday, listing agent Susan Miner of Premier Relocation declined to comment on the listings.

Griffin’s $15 million purchase price in 2012 for the 66th-floor unit is not the highest-priced sale in the building’s history. Instead, filmmaker George Lucas and his wife, Mellody Hobson, paid $18.75 million in 2015 for the 65th-floor penthouse.

Griffin’s 66th-floor penthouse had a $160,733 property tax bill in the 2020 tax year, while the 67th-floor unit had a $166,047 property tax bill in the 2020 tax year.

Separately, the five-bedroom, 8,400-square-foot full-floor penthouse condo on the 63rd floor of the Park Tower currently is available for $13.5 million. Its owner, retired Harris Associates chairman and chief investment officer Robert Levy, first listed that unit in the real estate agents’ private listing network in October 2021 for $15 million.

Goldsborough is a freelance writer.

Join our Chicago Dream Homes Facebook group for more luxury listings and real estate news.



Source link