Trending
JDL’s ultra-luxury No. 9 Walton is now sold out
The Gold Coast tower sold its last remaining unit; the developer has collected more than $375M in total sales
There is no doubt that JDL Development’s ultra-luxury No. 9 Walton has already had a profound impact on the Chicago condo market.
Led by billionaire hedge funder Ken Griffin’s $59 million combined purchase of four unfinished units into one massive penthouse, the 38-story Gold Coast tower has attracted big-name buyers who have shelled out millions for their units. It has also seen numerous unit flips in the last year alone.
But despite its popularity, there was still one unit at the newly-built tower that remained unsold. Until now.
The final condo has sold for $6.1 million, more than two years after JDL started listing units, according to the Chicago Tribune.
Robert and Monica Breslow, who had owned the video gambling company Universal Gaming Group, purchased the 28th-floor condo in December.
JDL initially designed the building to have 71 units. That was whittled down to 68 units after Griffin’s monster purchase in 2017, which set a home sale record in Chicago.
A Tribune analysis determined JDL has collected a combined $376.7 million in sales.
No. 9 Walton has a roster of famous owners, including Blackhawks star Patrick Kane, who bought a 25th-floor condo for almost $6.5 million in April.
And despite Chicago’s sagging luxury market, demand continues for units at No. 9 Walton.
In recent months, a handful of owners have also made a pretty penny flipping their units. John Greisch, former CEO of healthcare equipment manufacturer Hill-Rom Holdings, in November sold his two-bedroom unit on the 15th floor for $4.1 million. It was 15 percent more than what he paid in May 2018. Before that, neurosurgeon Sean Salehi flipped his condo for $3.9 million, which was more than 20 percent over what he paid. [Tribune] — Brianna Kelly