Sara Lurie Lists No. 9 Walton Condo for $7 Million

Sara Lurie, the daughter of late Chicago real estate investor Bob Lurie and his wife Ann, put her Gold Coast condo up for sale for $7 million on Sunday.

The four-bedroom condo on the 22nd floor of the tower at 9 West Walton Street spans 4,780 square feet. The unit comes with two parking spots and access to the amenities at No. 9 Walton.

The expansive layout is “rarely available,” according to the listing information. It features floor-to-ceiling windows with lake and city views and a chef’s kitchen outfitted with O’Brien Harris walnut cabinetry and a Calacatta marble island, the listing said. The home is lined with wide-plank white oak floors and includes a primary wing with a spa-inspired bath and a custom walk-in dressing room.

Margaret Baczkowski of @properties International Real Estate has the listing. She did not respond to a request for comment.

The listing comes two years after the death of Ann Lurie, a prominent Chicago philanthropist who led the Ann & Robert H. Lurie Foundation and donated hundreds of millions of dollars to charitable causes. She is best known for a $100 million donation to help construct the Ann & Robert H. Lurie Children’s Hospital in Chicago.

Bob Lurie, who died in 1990, was a real estate executive and business partner of the late Chicago real estate magnate Sam Zell.

Sara Lurie purchased the condo in 2018 for $5.7 million, according to public records. At the asking price, the sale would represent a 22 percent appreciation at a building where many recent sales have come at a loss. The condo carries a $4,740 monthly homeowners association fee, according to listing information.

Lurie’s exit follows a handful of other sales at the star-studded 38-story No. 9 Walton tower that has been a favorite for Chicago’s athletes and business leaders. Developed by Jim Letchinger’s JDL Development, the building was built in 2017.

Citadel founder Ken Griffin offloaded four full-floor condos at the building over the last few years, after spending $58.75 million on the bulk purchase in 2017. Griffin, who sold his Chicago portfolio after moving his business to Miami, took more than $20 million in losses on the sales.

Former Bulls guard Zach LaVine sold his condo there for $6.4 million in November, taking a $500,000 loss on the unit he bought in 2022. Former Blackhawks star Patrick Kane got the same price, $6.4 million, for his condo at the building in August, losing about $60,000 from his purchase price in 2019.

Tribune Tower listing asks $7M

Also hitting the market on Sunday, the sellers of a three-bedroom condo at the Tribune Tower are asking $7 million.

The 4,700-square-foot condo features a large terrace framed by the tower’s original gothic limestone elements with panoramic views of the lake and city skyline, according to listing information.

“The private terrace is one of the most incredible architectural features I have ever seen and impossible to recreate,” listing agent Ryan Preuett of Jameson Sotheby’s International Real Estate said.

The listing advertises a “serene” primary suite with a spa-caliber bathroom, as well as an outdoor kitchen, lounge area and fire table.

The condo is one of only two units on the 22nd floor, Preuett said. The other unit on the floor sold for $8 million in 2021, the highest priced sale at the 36-story building.

What separates the condo from lower priced Tribune Tower units is the “height within the building, giving it unobstructed views, and the terrace which is straight off the set of a movie,” Preuett said.

The condo was last purchased for $6 million in 2021, property records show. It’s owned by a land trust that obscures the owner’s identity. Preuett did not identify the sellers, but said they live out of state and are not using the condo often.

The condo carries a hefty $7,000 a month homeowners association fee, according to the listing.

The $7 million asking price would be the second most expensive sale at the tower since its adaptive reuse project to turn the historic office building into luxury residences. In the last year, other three-bedroom units at the condo have sold between $2.4 million and $2.9 million. A four-bedroom unit brought in $4.1 million in November.