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Chicago

JDL’s One Chicago condos listed at $9M apiece draw buyers

Deals, if closed, could rank among top 5 priciest sales of 2023

JDL’s One Chicago Condos Listed at $9M Draw Buyers
JDL's James Letchinger and Jameson Sotheby’s Nancy Tassone with One Chicago (JDL, One Chicago, Nancy Tassone)

A couple of luxury condos in JDL’s One Chicago skyscraper look poised to sell for north of $9 million each and end up among the priciest residential deals of the year in the downtown market.

Buyers are lined up for a 6,100-square-foot condo on the 67th floor of the 76-story tower, priced at $9.75 million, and a similar sized dwelling on the 72nd floor with a price tag of $9.5 million, Crain’s reported.

Both transactions are contingent, meaning terms of the deals are still being worked out, and they could fall through altogether. If the condos sell for their approximate asking price, they could rank among the top-five priciest sales in the entire Chicago area this year.

A 12,000-square-foot mansion in Winnetka that just traded for $12.5 million now holds the title for most expensive home sale in 2020, topping the $11.2 million sale of Ken Griffin’s Park Tower condo. The only other transaction to reach eight figures this year was a Lincoln Park mansion that was snagged for $10.6 million in May. 

Nancy Tassone of Jameson Sotheby’s International Realty is the listing agent for both condos on behalf of One Chicago landlord JDL Development. In the same complex, Tassone also served as the listing agent for a 6,000-square-foot unit on the 73rd floor that was listed just shy of $14 million and went under contract in January.

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But that deal hasn’t closed, and she hasn’t provided a status update on the sale. Tassone also recently listed another One Chicago unit for $9.25 million, as well.

The three pricey One Chicago units under contract now are unfinished and still being built out by JDL. Tassone said this situation was accounted for when determining the asking prices. 

Of the 77 condos at the site, all of which are on the upper 30 floors, 27 of them have sold. The floors below comprise 735 rental units.

— Quinn Donoghue 

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Companies and People
Jameson Sotheby’s International RealtyJDL DevelopmentNancy Tassone
Tags
Condo MarketCondosLuxury Real EstateOne Chicago