Ex-Art Institute Chair lists Park Tower condo for $13.5M

The former chair of the Art Institute of Chicago, a retired chair of investment firm Harris Associates, is asking the city’s third-highest price for a Park Tower condominium.

Levy, who previously said he would ask $15 million, put the full-floor condo at the 70-story building at 800 North Michigan Avenue for $13.5 million, Crain’s reported. A unit at One Bennett Park in Streeterville is asking $15.2 million and another, at No. 9 Walton on the Gold Coast, is listed for $15 million.

Levy and his wife paid $3.9 million for the 8,400-square-foot 63rd-floor unit after the building was completed in 2000 and hired interior architect Marvin Herman to finish it. They also have a home in Winnetka that they bought in 1991.

One of the building’s three elevators opens directly into the oval-shaped foyer, which leads to a living room, dining room and study that all have east-facing windows with views of Lake Michigan.

The condo has five bedrooms, including the primary suite, which is also outfitted with a private study, two bathrooms and three walk-in closets. There is also a library, card room, a family room and a bonus room that could be storage space.

Condo owners also have access to amenities from the rehabbed Park Hyatt hotel below, including the pool and room service.

Two condos in downtown have sold for more than $15 million this year. The penthouse at the Trump International Hotel & Tower fetched $20 million and a condo at No. 9 Walton went for $17.4 million.

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— Victoria Pruitt