Ken Griffin finds buyer for Park Tower condo he listed for $13M

Billionaire Ken Griffin has found a buyer for an 8,000-square-foot full-floor condominium on the 66th floor of the Park Tower building on the Near North Side, which he has had for sale for $13.25 million.

If Griffin, who recently relocated his hedge fund firm, Citadel, and his own family to south Florida after complaining about crime in Chicago, ends up selling the Park Tower condo at or below his asking price, he would take a loss on the unit, which he bought for $15 million in 2012.

The closing date for the sale is not yet public, but once it closes, Griffin would unload the second of four high-priced condominiums on the Near North Side that he recently placed on the market — all of which were listed for more than $11 million each. On Oct. 14, Griffin sold his five-bedroom, 7,400-square-foot full-floor condo on the 37th floor of the Waldorf Astoria — which recently had been Griffin’s legal residence — to an opaque Delaware limited liability company for $10.22 million, which was $1.27 million below his asking price and 23% less than what he paid for the condo in 2014.

Still on the market are a 9,250-square-foot, full-floor penthouse condominium on the Park Tower’s 67th floor, which is available for $15.75 million, and a 7,085-square-foot unfinished condominium on the 35th floor of the building at 9 W. Walton Street, which is listed for $14 million. Griffin continues to own the 36th through 38th floors of the buildings at 9 W. Walton Street, and there’s no word yet on if he will place those for sale.

As for the 66th-floor Park Tower unit, Griffin struck a deal to sell it on Nov. 22. The unit is available as raw space — Griffin bought it 12 years after he bought the Park Tower’s 67th-floor unit, which at one time was his family’s residence. However, Griffin never built out the 66th-floor unit, which has 13-foot ceilings, 360-degree views and 550 square feet of outdoor space.

Listing agent Susan Miner of Premier Relocation could not be reached for comment.

The 66th-floor unit had a $165,124 property tax bill in the 2021 tax year.

Goldsborough is a freelance reporter.

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