St. Regis Tower condo sells for $20M

A four-bedroom, 10,000-square-foot condominium on the 71st floor of the Residences at the St. Regis Tower sold Wednesday for $20.56 million — one of the highest recorded sale prices of any home in Chicago history.

The condo is the highest-priced sale of any Chicago-area home this year.

Designed by architect Jeanne Gang and completed in 2020, the 101-story St. Regis Chicago, which is at 363 E. Wacker Drive in the Lakeshore East neighborhood, originally was called the Wanda Vista Tower. Wednesday’s sale is by far the highest-priced sale yet of a unit in the building, which also has an 81st-floor condo under contract with a $10.2 million asking price and an 82nd-floor unit on the market for $10.8 million.

Determining the highest-priced residential sale in Chicago-area history is not as straightforward as one might think. Billionaire Ken Griffin, who recently announced a move to Miami, paid $58.75 million in 2017 for four condo units in the building at 9 W. Walton Street, but he never occupied or even completed work on the units, and he made the purchases in four separate transactions — the largest one of which was for $21.17 million. Griffin now has one of those four units — the full-floor 35th-floor condo — publicly for sale for $14 million.

And the highest price paid for an individual house was billionaire Eric Lefkofsky paying $19.5 million in 2014 for a mansion in Glencoe. However, billionaire Justin Ishbia now has paid $39.9 million in four separate transactions for four separate properties — only three of which are contiguous — along Lake Michigan in Winnetka, and his plan is to build a new home on at least three of those properties.

Real estate agent Rachel Vecchio, who represented the buyers in Wednesday’s sale, declined to comment on the transaction. The identity of the buyers is not yet available in public records yet.

Goldsborough is a freelance reporter.

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