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Chicago Trading co-founder fetches $9.3M for Gold Coast condo
Unidentified buyer spent over $1,000 psf to buy unit from Andrew Hall, well below the nearly $14M th seller initially sought
A photo illustration of Chicago Trading’s Andrew Hall along with 65 East Goethe Street (Getty, Greenwich Economic Forum, Google Maps)
Andrew Hall cut a deal with a buyer who got a big discount from the $14 million the Chicago Trading co-founder originally sought for his Gold Coast condo.
Hall sold the condo at 65 East Goethe Street for $9.3 million, Crain’s reported. His primary residence is in Boulder, Colorado, the outlet said.
The sale price comes to about $1,033 per square foot for the 9,000-square-foot unit on the eighth floor, and is 33 percent below the initial asking price of $13.9 million when the conod hit the market in March last year.
The buyer hasn’t been identified in public records. Jennifer Mills of Jameson Sotheby’s International Realty represented the seller. Compass agent Mark Icuss represented the buyer.
Hall purchased the condo before it was finished for $6.7 million from former Wrigley Company chairman Bill Wrigley in 2011. How much the unit cost to finish isn’t in the public record.
The contemporary minimalist unit was designed by architect Larry Booth. It features a 1,500-bottle wine room and a circular dining room in the building’s corner tower. It also has views of Lake Michigan and a rooftop deck with a pavilion and bar.
It is the fifth residential sale over $4 million in Chicago this year, the outlet said. If it had sold in December, it would’ve ranked fifth on The Real Deal’s 2023 list of the most-expensive deals in in the Chicago area.
Another condo in the building, owned by Antonio Gracias of Valor Equity Partners and his wife, Sabrina, was listed for $16.8 million last year. They’ve dropped the asking price for that 12,400-square-foot unit to $14.4 million. They’re willing to separate the condo into an 8,000-square-foot home for $9.9 million, and another at 4,400 square feet for $4.5 million.
A single-family home in the Gold Coast neighborhood, restaurateur R.J. Melman’s six-bedroom residence at 105 East Bellevue Place, hit the market this week asking a little under $5 million.