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Gold Coast apartments for sale for more than $10 million

Gold Coast apartments for sale for more than $10 million
Gold Coast apartments for sale for more than $10 million

Currently, they are the only Chicago condos listed for $10 million or more, though others are likely lurking in private listing networks or in off-market listings of new developments.

In the past two years, five downtown condos have sold for $10 million or more.

On Goethe Street, the seller of the newer listing, atop the eight-story building, is Andrew Hall, according to the Cook County treasurer. Hall, co-founder of Chicago Trading, receives the apartment tax bill on a Boulder, Colo., house he bought in 2015 for just under $4.5 million.

Hall could not be reached for comment, and his listing agent, Jennifer Mills of Jameson Sotheby’s International Realty, did not respond to a request for comment.

Hall bought the space unfinished in 2011, paying Bill Wrigley $6.7 million on the same day the former Wrigley gum chairman also sold his Lake Forest mansion for $5.6 million.

Completed by eminent architect Larry Booth, the apartment has six bedrooms, a 1,500-bottle wine room and an 18-foot island in the kitchen, according to the listing Mills posted. A flight of stairs leads up to a rooftop patio with bar, TV and pergola, as well as direct views east over four-story residences and DuSable Lake Shore Drive to Lake Michigan. The photos below are all of the Hall listing.

The more expensive apartment in the building is owned by Antonio Gracias, head of Valor Equity Partners, and his wife, Sabrina.

As Crain’s reported when it hit the market in early February, the couple amassed the full-floor condo in two purchases, in 2013 and 2015, totaling $13.6 million.

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Julie Harron of Jameson Sotheby’s International Realty represents the Gracias apartment.

If these two units are priced out of reach, there is a third for sale in the building. James Gordon, head of private equity group Edgewater Funds, is asking just under $6.3 million for his 7,500-square-foot, four-bedroom unit. That’s down from the nearly $8 million he asked for when he put it on the market in 2018.

The last sale in the building was March 10, when buyers paid a little more than $4.16 million for a three-bedroom, roughly 3,940-square-foot fourth-floor apartment.

The seller, according to public records, was Barbara Investments, headquartered in a Willowbrook office of Fred Barbara. A former trucking magnate, Barbara co-owns the Gold Coast building that for 25 years housed Tavern on Rush; a new restaurant will open there this spring. Through a trust that concealed their names, Fred and Lisa Barbara bought the condo for $2.32 million in 2006 when it was newly built.

Emily Sachs Wong of @properties Christie’s International Real Estate represented the sellers and Carrie McCormick, of the same firm, represented the buyers, who have not yet been identified in public records.

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