2 St. Regis condos sell for over $ 6 million, setting Chicago to break luxury sales record

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With two more condos in St. Regis sold for over $ 6 million, Chicago is on the verge of breaking its own luxury sales record (St. Regis Residences)

Buyers have snatched up two more multi-million dollar condos in the St. Regis Tower in Lakeshore East, as the city’s upscale luxury market is heading for a record high.

The first condo – a 5.734-square-foot four-bedroom, four-bath unit on the 75th floor – sold for just under $ 8.42 million, Crain’s Chicago Business reported. The recently purchased second condo is a four-bedroom, five-bathroom unit on the 67th floor that sold for just over $ 7 million.

The latest pair of sales add to the growing list of tower units that have sold for multi-million dollar prices. Of the 393 units, the St. Regis sold six for over $ 6 million. Recently, Magellan Development CEO David Carlins paid $ 6.5 million for a four-bedroom, five-bathroom unit on the 68th floor of the luxury building and skyscraper his company built.

The luxury tower offers units priced from $ 840,000 to $ 18.5 million. Some of the more expensive units available include Sky 360 penthouses. Full-floor penthouses start on the 71st floor and offer 360-degree views of the Chicago skyline.

The tower, designed by Jeanne Gang’s architectural firm, Studio Gang, has amenities such as an outdoor swimming pool, fitness center, screening room, children’s activity room, and a fitness center. conference.

According to Crain’s data, in an average year, the city sells about 50 properties for $ 4 million or more, with the last property typically sold at the end of the year. However, this year Chicago has already seen 63 units sell for that price or more. If luxury sales continue on this trajectory, 2021 could surpass the record of 73 luxury units sold in 2018.

Of the top 10 sellers for 2021, nine are located in the city – six of which are downtown condos – and the other property was a $ 7.7 million megaman in the suburb of Hinsdale.

[Crain’s] – Victoria Pruitt

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