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Report: Billionaire Ken Griffin sets real estate record in Chicago

Posted On: 01-11-2018

Ken Griffin , whose under-construction oceanfront mansion on Billionaires Row has generated plenty of headlines, this week made real estate news of a different sort in Chicago, where his hedge-fund firm Citadel is headquartered.

Griffin paid a recorded $58.5 million for the top four floors of a condominium on Chicago’s so-called Gold Coast, according to a story Wednesday in Crain’s Chicago Business .

“It’s the highest-priced home sale ever in the Chicago area, surpassing all other record sales by tens of millions of dollars,” wrote reporter Dennis Rodkin, who broke the story.

The kicker? With more than 25,000 square feet, the condo at 9 W. Walton St. is still raw space. Crain’s estimated that Griffin’s final tally “could easily top $80 million by the time Griffin moves in.”

Motorists on South Ocean Boulevard took notice in late summer when crews cleared ground at 1265 S. Ocean Blvd. for Griffin’s new one-story home, which will stretch longer than a football field. With 875 feet of oceanfront, the property exceeds 11 acres. In all, Griffin has spent more than $230 million to assemble his South End estate.



Source: Darrell Hofheinz, January 11, 2018, Palm Beach Daily News

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