A 59th-floor apartment at One Bennett Park sold this week for $6.3 million after several years of on- and off-market sales.
The 5,000-square-foot unit has four bedrooms and six bathrooms, according to the public listing. It originally listed at $6.55 million and closed 3 percent below its asking price, a relatively small margin considering the gap between listing and sale prices tends to be wider in the Chicago luxury industry lately.
Developed by Related Midwest and designed by Robert AM Stern Architects, One Bennett Park includes a fitness center, yoga studio, Pilates studio, salon and massage suite, indoor and outdoor pools, and an owners’ lounge on the 41st floor. The development also includes Bennett Park, which adjoins the building.
Brad Brondyke of Jameson Sotheby’s Int’l Realty represented the developer in the condo sale, and Deborah Ballis Hirt represented the buyer, who has not been identified in public records. Both brokers declined to comment.
The 69-story building at 451 East Grand Drive opened in 2019 after five years of planning and construction. Three other apartments are for sale, according to its website. That doesn’t include the four-bedroom penthouse on the 65th floor, which sold for just over $15 million, making it the fifth most expensive listing in the Chicago area.
The property faces stiff competition, with the St. Regis Hotel and Tribune Tower both completing on the heels of One Bennett Park, and they tend to command premium prices for those looking for ultra-high-end luxury apartments in the inner city.
This isn’t the first time One Bennett Park has sold for more than $6 million, with condo units starting at $2 million.
The relevant Midwest region originally became available in late 2018. In 2019, another 4,800-square-foot condo sold for $6.2 million, making the real deal Chicago home sales leaderboard for the year. One buyer paid $6.25 million for one of the apartments in 2020, one of the most expensive sales in a pandemic-ridden year.
The apartment is the seventh property in the Chicago area to sell for $6 million or more this year.
