Another condo flips at JDL’s No. 9 Walton

John Greisch sold the 15th floor unit for 20% over what he paid in May 2018 at the luxury tower in Streeterville

No. 9 Walton and John Greisch
No. 9 Walton and John Greisch

Another condo in JDL Development’s 9 West Walton tower sold for more than its original purchase price, as the ultra high-end property continues to buck Chicago’s overall housing sagging market.

John Greisch, the former CEO of healthcare equipment manufacturer Hill-Rom Holdings, sold his two-bedroom unit on the 15th floor for $4.1 million, according to the Chicago Tribune. The sale price was 15 percent over Greisch’s $3.55 million purchase price. He bought the 3,172-square-foot unit in May 2018.

Since it opened last year, No. 9 Walton has scored a number of high-priced sales and attracted some impressive tenants, including hedge fund billionaire Ken Griffin, Cubs outfielder Jason Heyward, Blackhawks Patrick Kane and Jonathan Toews.

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Several owners have already flipped their units for profits, including Philip “Flip” Corboy Jr., who sold his sold his in May for $800,000 more than he paid just seven months earlier.

The 38-story tower dominated the lists of Chicago’s priciest residential sales last year, after Griffin’s record-breaking buy of the top five floors for $59 million, when it was still under-construction.

Candian rapper and entrepreneur Drake added even more star power to the luxury building this summer when he brought his streetwear brand, October’s Very Own, to a 1,200-square-foot retail space on the ground floor, next to the Walton Street Kitchen + Bar and an Indochino clothing store. [Tribune] — Brianna Kelly