JDL’s One Chicago lists $10M condo after another high priced unit goes under contract
The unit was previously listed for $9.8M in 2021.
One Chicago is set for another possible big sale, only a few days after the luxury condo development went under contract for a $14 million unit.
The River North development at 14 West Superior Street listed a $10.5 million unit on Wednesday. It had been previously listed for $9.8 million in May 2021 before it was removed early last year.
Should the 6,085 condo sell at its asking price, that would garner a price of about $1,726 per square foot. The full floor residence on the 68th floor has three bedrooms and five bathrooms and has 360-degree views of the Chicago skyline and Lake Michigan. The previous $14 million listing is also a full-floor floorplan of the same size, and should it sell at its asking price, the unit would run $2,300 per square foot.
It’s unclear why the $10.5 million unit is being re-listed now, or why it’s at a higher price point than previously. It’s also unknown if One Chicago has a buyer in mind. Often in new developments, some listings are withheld from going on the public MLS until a buyer has been identified. The public listing says the unit is set to be complete in 2023.
Nancy Tassone with Jameson Sotheby’s Intl Realty is representing the developer, JDL Development, and did not respond to a request for comment.
One Chicago has 77 condos on the top 30 floors of the 75-story building. The remainder of the building includes 735 apartments and retail space with a Whole Foods, a Lifetime Fitness and a Philz Coffee. One Chicago rises with two towers — a 75-story structure with condos, retail and apartments, and the other is 49 stories with apartments.
Should the unit sell at its asking price this year, it would be topped in price only by the sale of one of Ken Griffin’s condos at the Park Tower and the other contingent sale at One Chicago.
In the Park Tower deal, Griffin, the CEO of Citadel, sold a 66th-floor condo unit in the luxury Park Tower complex on North Michigan Avenue earlier this month for $11.2 million in what is so far the priciest condo deal this year in Chicago. Yet it still marked a 25 percent loss for Griffin, who bought the unit in 2012 for $15 million.