Another St. Regis sale breaks $4 million

The sale is one of many deals at the tower, as the developer turns condos over to owners and sales close.

363 E Wacker Drive, Chicago (Zillow, Getty)
363 E Wacker Drive, Chicago (Zillow, Getty)

Another condominium at Chicago’s St. Regis, a 3,800-square-foot unit on the 58th floor with three bedrooms and three bathrooms, sold for more than $4 million.

The property, listed in April, closed at its list price — $4.18 million — on July 29, according to public listings sites. Leila Zammatta with Magellan Realty LLC represented the Magellan Development Group and Matt Mercer of Gold Coast Realty Chicago represented the buyer, who isn’t yet identified in public records.

It was the 79th Chicago metro home to sell for at least $4 million this year, reflecting ample appetite for the high end of the luxury market. 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 valued at $6 million and two at almost $9 million.

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One penthouse is already back on the market for $9.3 million, almost $1 million more than the owners paid in December for the 6,100-square-foot unit on the 78th floor with five bedrooms and five bathrooms. It doesn’t appear that the owners ever lived in the property, and it’s unclear why they’re selling after owning it for only about six months.

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 large deals closing in the coming months, given that the property’s agent has 14 units listed for sale on public listing sites. That includes two that are asking more than $10 million, one of which, at $18.5 million, would be among the priciest sales in Chicago this year should it close at that price.

Read more

363 E Wacker Dr #9101, Chicago (Redfin)
Priciest Chicago St. Regis sale tops $9M
St. Regis Chicago at 363 East Wacker Drive with Leila Zammatta of Magellan Realty and Lina Shah of Coldwell Banker Realty (Magellan, Coldwell)
Condo sale tops $6M at Chicago’s St. Regis