loader image

Movie producer sells Gold Coast penthouse at fraction of one-time listing

George Furla and 25 East Superior Street (Credit: Instagram and Zillow)

George Furla and 25 East Superior Street (Credit: Instagram and Zillow)

A veteran Hollywood movie producer finally sold his penthouse in the Gold Coast after years on the market, pocketing less than half its original asking price.

George Furla this week sold the 6,400-square-foot, full-floor condo on the 50th floor of the Fordham, at 25 East Superior Street, according to the Chicago Tribune.

Fordham bought the unit as raw space for $3.1 million in 2005 but didn’t move in. After six years of trying to sell it, he built it out and listed it again at $7 million in 2013 but found no buyers, according to the Tribune.

In the ensuing years he rented out the condo and then put it back on the market, asking $8.5 million for it at one point in 2016. After numerous price cuts, it sold for $3.8 million this week, the Tribune said.

According to IMDB.com, Furla has a long list of producer credits, including work on the Mark Wahlberg movies “Lone Survivor” and “2 Guns;” 2013’s “Rambo” starring Sylvester Stallone; and 2013’s “Empire State” starring Dwayne Johnson and Liam Hemsworth.

The listing agent was Compass’ George Furla, a second cousin of the producer. Public records do not yet identify the buyer.

The reduced sale price is not unheard of in the current luxury market, which has been slow this year. Not so for Gold Coast condo tower No. 9 Walton, which continues to rack up high-priced sales. [Chicago Tribune]John O’Brien

Recommend0 recommendationsPublished in Real Estate

Share this story with your network.

Share on facebook
Share on twitter
Share on linkedin
Share on email
Share on print


Recent Stories

Del Marie: locked down, but not out

The rapper-dancer-performance poet rolls with the pandemic punches. 2020 started off so well. January and February were great months for 27-year-old rapper, dancer, and performance

Read More »

Speak with a local expert now.

Learn more about this recent happening by speaking with an agent.