A penthouse at the St. Regis residences is back on the market for $1 million more than the owners paid for it in December.
The 6,100-square-foot unit on the 78th floor, with five bedrooms and five bathrooms, is asking $9.3 million, up from the $8.1 million that the owners paid for it in December, almost a year after Magellan Development Group put it on the market for $9.1 million. The owners of the new-construction unit are Blake and Beth Horio, according to Cook County property records.
It doesn’t appear that the couple ever lived in the property, and it’s unclear why they’re selling after owning it for only about six month. Their realtor, James Qiu of Kale Realty, didn’t respond to a request for comment.
The unit’s buildout was completed by architect Darcy Bonner and Suzanne Lovell Interior Design.
Should the penthouse sell at its listed price, it would be the most expensive unit to sell at the St. Regis. In June, a penthouse sold for $9.2 million, making it the priciest deal to close at the development. That sale was the Chicago area’s third-highest sale in 2022, trailing only a $20 million sale at the Trump International Hotel & Tower and a $17.4 million one at No. 9 Walton.
St. Regis units are selling briskly this year as more units are completed and the developer turns over the properties to owners. Those include three deals, one worth $6 million and two at almost $9 million each.
The St. Regis Chicago, formerly the Wanda Vista Tower, is a 101-story tower completed in 2020. Located at 363 E Wacker Dr, it’s the city’s third-tallest building, and the highest designed by a female architect, Jeanne Gang, who heads Studio Gang Architects.
The tower probably has several high-profile deals in the wings. The agent for the property has 11 units listed as “pending” on public listing sites, including two units over $10 million — one of which, listed at $18.5 million — would be among the priciest sales in Chicago this year should it close at that price.
Read more
Residential
Chicago
Condo sale tops $6M at Chicago’s St. Regis
Residential
Chicago
St. Regis condo sells for almost $9M