Home News Steven Crown was the buyer who paid $17.4M for Walton Street condo

Steven Crown was the buyer who paid $17.4M for Walton Street condo

by admin
0 comment

Chicago investment executive A. Stephen Crown, a member of Chicago’s wealthiest family and partner at his family’s Henry Crown & Co., has been identified as the buyer who paid $17.4 million in March for a full-floor condo. it was done. He is on the 34th floor of the building at 9 W. Walton Street and is one of the city’s most expensive condo purchases on record.

Crown, son of businessman Lester Crown, is one floor lower than the four full-floor condos purchased by billionaire and Citadel founder Ken Griffin for a total of $58.75 million in 2017. was confirmed by an informed source. Griffin, who moved the business and his family to Florida, now has his four-bedroom, 7,085-square-foot full-floor condo on the 35th floor he’s putting up for $14 million.

A long time North Shore resident, Crown bought a condo that was never listed through an opaque land trust. He’s not the only member of the royal family to pay over $10 million for a Chicago home: in 2002, his brother James His Crown paid his $10.1 million for a Gold Coast condo.

The seller, who could not be identified, paid $9.91 million for the condo as raw space in 2018.

Susan Miner, a listing agent for Premier Relocation, was not available for comment, but Jeffrey Lowe of Compass, who represents Crown, declined to comment on any aspect of the transaction, confirming the identity of the buyer. refused to do so.

Several subsequent Chicago condo sales have surpassed the $17.4 million transaction value, one of the highest sales prices ever recorded for a Chicago-area residence. The only additional deal on public record is filmmaker George Lucas and his wife Melody Hobson paying $18.75 million for a penthouse on the 65th floor of Park Tower in 2015, Groupon co-founder Eric Lefkowski paid $19.5 million for his Lake Michigan mansion in 2014. Glencoe, private equity executive Brian Cressey and his wife, Iliana Waithe, paid $20 million for the Trump International Hotel & Tower’s 89th-floor penthouse earlier this year, while Mexican billionaire German Larea paid 9. Paid $20.56 million for $10,000 for 4 bedrooms a month. – sqft duplex condominium on his 71st floor in residence at St Register Tower.

In addition, billionaire Justin Ishbia paid $39.9 million for four separate lakefront properties in Winnetka, which weren’t all consecutive and sold for more than $16 million. There was no real estate. And Griffin said that in 2017, he paid $58.75 million for his four deals on the 35th to 38th floors of the 9 W. Walton building. My boyfriend only had one. He bought the 38th floor penthouse for $21.17 million. Crown said he paid for the condo in March.

9 W. Walton’s 34th floor condo was charged $208,395 in property taxes for the 2020 tax year.

Goldsborough is a freelance reporter.

join us Chicago Dream Homes Facebook Group For more luxury listings and real estate news.

You may also like