Former Boeing CEO sells Streeterville condo after 12 years of trying

The three-bedroom unit had been on and off the market, and included several price cuts

TRD CHICAGO /
Jun.June 10, 2019 02:18 PM
Former Boeing CEO Phil Condit and 445 East North Water Street Unit 2605 (Credit: Boeing and Redfin)

Former Boeing CEO Phil Condit and 445 East North Water Street Unit 2605 (Credit: Boeing and Redfin)

Former Boeing CEO Philip Condit unloaded his Streeterville condo last week after 12 years of trying.

Condit and his wife, Geda, first listed the three-bedroom unit on the 26th floor at 445 East North Water Street in 2007, and the condo has been on and off the market since, according to the Chicago Tribune.

The couple bought the 4,000-square-foot unit in the Riverview Condominium development for a little more than $2 million in 2001. They first listed it in 2007 for $2.9 million before taking it off the market two years later after a price cut.

They relisted it in 2016 for $3.5 million and cut the asking price. They then pulled it from the market, then relisted it for $3 million, and slashed the price again, before taking it off the market again in February 2017. They relisted it in March for $2.6 million, and sold it last week for $2.4 million.

Ronda Fish of Jameson Sotheby’s International Realty had the listing when it sold. Public records do not yet identify the buyers.

Condit was CEO of Boeing from 1996 to 2003, and oversaw the move of the company’s headquarters from Seattle to Chicago in 2001. [Chicago Tribune]John O’Brien


Related Articles

arrow_forward_ios
924 N. Clark Street and owner of the mansion, Rishi Shah

Revealed: What accused fraudster Rishi Shah paid for one of Chicago’s grandest mansions

Wolf Point East at 313 W. Wolf Point Plaza and Nema Chicago at 1210 South Indiana Avenue (Credit: Hines, Nema Chicago)

Over 10K new apartments could flood Downtown Chicago by 2022. But there’s a catch

EquityBuild's Shaun and Jerome Cohen and one of the corporation's properties at 7549-7559 South Essex Avenue (Credit: Google Maps)  

Ponzi scheme fallout: South Side has thousands of distressed apartments

Chairman and CEO of Taylor Morrison Sheryl Palmer and Townhouses at Riverbank Crossing in Geneva

With Chicago area home sales down, homebuilder Taylor Morrison is out

Co-founder, President and CEO of CLK Properties Craig Koenigsberg, Heritage Village Pointe in Des Plaines (Credit: Google Maps)

CLK Properties closes on massive condo deconversion in Des Plaines

No. 9 Walton (Credit: Google Maps, iStock)

Chicago’s ultra-luxury resi market had a no good, very bad year

Peerage Capital Founder & Executive Chairman Miles S. Nadal (Credit: iStock)

Biggest resi brokerage player in Canada to acquire stake in Jameson Sotheby’s: sources

Northwestern Mutual CEO John Schlifske, Morguard CEO Rai Sahi and the Marquee at Block 37 apartments (Credit: iStock)

Northwestern Mutual revealed as lender of massive Loop resi tower buyout

arrow_forward_ios
Loading...