Workday executive buys Waldorf Astoria condo in Chicago for just under $5M

Condominium is one of 51 units hotel provided for residential space

Chicago /
Aug.August 31, 2021 05:17 PM
Wray Philip Wilmington, Vice Chairman of Workday, with Waldorf Astoria (Waldorf, Workday)

Wray Philip Wilmington, Vice Chairman of Workday, with Waldorf Astoria (Waldorf, Workday)

The vice chairman of software company Workday bought a condominium near the top of Chicago’s Waldorf Astoria Hotel.

Wray Philip Wilmington and his wife, Nicole Gouveia Wilmington, purchased the 4,000-square-foot condominium at 11 East Walton Street for $4.95 million, in a Gold Coast deal that closed on June 23, Cook County property records show. The 48th-floor unit is among 51 that the 60-story hotel set aside as condos.

The guarantors were listed as Arrow 5 LLC with Harris Charles named as signatory. Neither seller nor buyer could be reached for comment. The condo was listed in April for $5.25 million and cut to $4.95 million the same month, according to Redfin. Amenities in the building include a 14,000 square-foot spa, indoor swimming pool and valet parking.

“That building is very very hot, so everything seems to go very close to listing,” said Susan Miner, president of Premier Relocation, which represented the seller. “There is very rarely a unit available like that that has great lake views and that high up.”

Downtown Chicago’s condo market has picked up as buyers return to the city. The Gold Coast, which encompasses 18 blocks from Lake Michigan to Walton Street and North Avenue, has some of Chicago’s priciest home sales. As of mid-March, 14 homes asking $5 million or more were listed in the area.

A four-bedroom, 4,300 square-foot home in the Gold Coast sold for $5.7 million last week, marking one of the most expensive condo sales in central Chicago this year. That sale hasn’t yet been listed in Cook County property records.






    Related Articles

    arrow_forward_ios
    Former race car driver Bobby Rahal sells Lincoln Park home for just under $4M
    Former race car driver Bobby Rahal sells Lincoln Park home for just under $4M
    Former race car driver Bobby Rahal sells Lincoln Park home for just under $4M
    Naperville home hits market with record asking price just below $15M
    Naperville home hits market with record asking price just below $15M
    Naperville home hits market with record asking price just below $15M
    Magellan Development CEO buys condo unit at firm’s 101-story tower
    Magellan Development CEO buys condo unit at firm’s 101-story tower
    Magellan Development CEO buys condo unit at firm’s 101-story tower
    Winnetka mansion hits market with asking price just under $10M
    Winnetka mansion hits market with asking price just under $10M
    Winnetka mansion hits market with asking price just under $10M
    Bridge Investment Group Executive Chairman Robert Morse and Candlelight Village (Bridge, Candlelight Village)
    Bridge Investment purchases manufactured homes community for $30M
    Bridge Investment purchases manufactured homes community for $30M
    Sterling Bay CEO Andy Gloor and a rendering of the project (Sterling Bay)
    Sterling Bay’s first residential project planned in West Loop
    Sterling Bay’s first residential project planned in West Loop
    Chicago City Council OKs 50 single-family home development in Norwood Park
    50 single-family home development in Norwood Park gets city nod
    50 single-family home development in Norwood Park gets city nod
    Trump Tower Chicago with Vistex CEO Sanjay Shah (iStock, Vistex)
    Trump Tower Chicago 89th-floor penthouse lists for $30M
    Trump Tower Chicago 89th-floor penthouse lists for $30M
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...