Workday executive buys Waldorf Astoria condo in Chicago for just under $5M
Condominium is one of 51 units hotel provided for residential space
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.