Significant 2023 transactions in Chicago’s luxury market occurred in penthouses and grand apartments with commanding views. At the ultra-luxury level, new construction at One Bennett Park and the St Regis saw sales over $6 million followed by spacious residences at 9 W Walton and 2550 N Lakeview, selling over $5 million. A full floor 8,000 square foot raw space penthouse at the Park Tower sold in less than four months for $11,200,000.
Buyers at the upper-end of the market often pay cash or finance against other assets, making them very attractive to sellers of luxury properties. Buyers in the luxury resale market are finding premier properties below market value and many are being sold beautifully and fully
One Bennett Park's full floor PH 65 is 7,582 square feet and can be purchased as raw space or fully built-out at the offering price of $15,170,000, including two parking spaces. PH 66, the top residential floor, is also available as raw space, and can be combined as a 14,729 square foot duplex Complimentary design consultation is offered by Robert A.M. Stern Architects.
The One Bennett Park penthouses have private elevator access, 12-to-20- foot ceilings, expansive private terraces, and oversized framed windows.
PH65 monthly HOA fee of $1,989 include heat, A/C, water, gas, common insurance, 24-hour door staff, an engineer, a maintenance staff, on-site property manger, and all amenities. Residents receive
