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

Nov.November 27, 2019 01:15 PM
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.

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 

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