Distinctive Palm Beach Properties

Quick Search


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

News Categories

Zimmerman Douglas Elliman

340 Royal Poinciana Way, Suite 318
Palm Beach, FL 33480

Jacqueline A. Zimmerman (561) 906-7153 Direct jz@PalmBeachProperty.com

Adam M. Zimmerman (561) 906-7152 Direct az@PalmBeachProperty.com

(561) 655-8600 Main Office


The Definitive Source for Palm Beach Real Estate

Jacqueline A. Zimmerman(561) 906-7153pAdam M. Zimmerman(561) 906-7152pMain Office(561) 655-8600
Douglas Elliman, Licensed Real Estate Broker | 340 Royal Poinciana Way, Suite 318, Palm Beach, FL 33480


Equal Housing Opportunity

Privacy Policy | Terms & Conditions

Copyright © 2017. All Rights Reserved

No warranty or representation, express or implied is made as to the accuracy of the information contained herin, and same is submitted subject errors, omission, change of price rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals.