Luxury home developer BGD&C says it can custom-build a Lincoln Park mansion starting at $25 million, which would make it one of the city’s most expensive homes ever.
The Chicago-based firm added a fifth lot to a North Orchard Street assemblage where it had been offering to build an $18 million, 28,000-square-foot mansion, according to Crain’s.
While the firm has yet to find any takers for the “smaller” house on the existing four lots, firm Vice President Charles Grode said he’s confident the larger offering will find a buyer.
“People have been calling us, saying ‘Let me know when you have five [lots],’” Grode told Crain’s.
The larger property could accommodate a home of up to 37,000 square feet. While Grode would not say what he paid for the five lots, he said the land is worth $12 million. And the proposed $25 million price tag is just the starting price — customization would almost certainly push it higher.
Hedge fund billionaire Ken Griffin still holds the record for priciest home sale in Chicago with his 2017 purchase of four floors in No. 9 Walton in the Gold Coast for $59 million. The only other home to sell for more than BGD&C’s proposed mansion is a Winnetka property that sold within the billionaire Crown family for $28 million in 2015, according to Crain’s.
A block away from the Orchard Street site on Burling Street, a six-bedroom home on eight city lots is asking $45 million, by far Chicago’s current priciest listing. [Crain’s] — John O’Brien