loader image

Related Midwest thinks it can get up to $17M for raw space at One Bennett Park

Related's Curt Bailey and One Bennett Park

Related’s Curt Bailey and One Bennett Park

Related Midwest listed the three penthouses at the top of One Bennett Park Thursday, with eye popping asking prices of $14.3 million to $16.8 million — for the raw space.

The three full-floor units crown Related’s luxury combination apartment/condo complex at 451 East Grand Avenue in Streeterville. They check in at $14.3 million for the 7,100-square-foot unit on the 66th-floor, $15.2 million for the 7,600-square-foot unit on the 65th floor and $16.8 million for the 8,400-square-foot unit on the 64th floor, according to Crain’s.

Ann Thompson, senior vice president for architecture and planning at Related Midwest, told Crain’s the units are being marketed as raw space — rather than the finished product sold in the 66 other condos in the building — because buyers at those prices have “a very specific lifestyle and very specific taste.”

At $500 to $1,500 per square foot for high-end finishes, buyers could be looking at spending anywhere from $4 million to $11 million more to build out each unit, according to Crain’s.

The condos would be among the priciest residential listings on the market right now, though they’d have to sell as a package to match the most expensive: a Lincoln Park mansion asking $45 million.

Even then they’d still be dwarfed by hedge fund billionaire Ken Griffin’s record purchase of the four floors atop No. 9 Walton for $59 million in late 2017.

[Crain’s] — 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

Responses

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.

X