A listing in One Chicago, a luxury condo development in River North, had its price slashed by more than 28 percent this week as the condo markets in many downtown and near-North side neighborhoods continue to struggle.
The 6,100-square-foot home on the 68th floor of 14 West Superior Street was listed last year at $10.5 million, or $1,726 per square foot, according to public listing information.
Earlier this week, its asking price was cut down to $7.5 million, or $1,233 per square foot.
The four-bed, five-bath home was listed for $9.8 million back in 2021 before its price was bumped up last year.
Nancy Tassone, an agent with Jameson Sotheby’s International Realty, is representing the condo’s developer, JDL Development, and did not respond to a request for comment Thursday.
The development, which was completed last year, has attracted buyers for at least one ultra-luxury condo. A 73rd-floor unit went under contract for $14 million, or $2,300 per square foot, last year.
If sold at the previous asking price, the 68th-floor condo would have ranked among Chicago’s priciest condo deals. River North is not the only near-North side neighborhood to see price reductions on luxury condo listings. The sellers of a Gold Coast condo at 65 East Goethe Street cut the price of their home down to $13.9 million earlier this month, a year after they split the property in two to attract more buyers.
One Chicago has 77 condos on the top 30 floors of the 75-story building, which is located on the border of River North and Gold Coast.
The building also contains 735 apartments and retail space with a Whole Foods, Lifetime Fitness and Philz Coffee. The building is unique for its two towers — one a 75-story structure with condos, retail and apartments, and the other a 49-story tower with apartments.
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