Latest St. Regis condo sale is highest priced yet

The most recent condo sale at the St. Regis development appears to be another record for the property.

At $8.97 million, the 6,200-square-foot condo is now the highest priced unit to sell in the building. It tops an $8.93 million sale in March.

The buyers, who weren’t disclosed in public records, put the property under contract in January 2021. It was originally listed at $9.8 million. The sale closed on April 29. The unit is on the 87th floor and has four bedrooms and five bathrooms.

Leila Zammatta of Magellan Realty represented the developer and did not respond to a request for comment. Chezi Rafaeli, of Coldwell Banker Realty, represented the buyer.

This deal follows the sale of a 3,200-square foot condo with three bedrooms and three baths at the St. Regis development. The condo closed on April 11 for just under $3.8 million. Zammatta represented the developer and the buyers in that transaction.

Formerly the Wanda Vista Tower, the St. Regis Chicago is a 101-story tower completed in 2020. Located at 363 E Wacker Dr, it is the city’s third tallest building. The building’s chief architect is Jeanne Gang, head of Studio Gang Architects.

Several other major sales should be coming to the tower soon. The tower’s agents have nine units listed at “pending” on public listing sites, including two units over $10 million. A three-bedroom, three-bath unit was sold for $2.9 million just days after the previous $8.93 million sale.

This is the 31st Chicago-area sale at or above $4 million so far in 2022. The pace of luxury home sales would put 2022 ahead of 2021, when a record-setting 101 homes sold in the same price range.

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