Ken Griffin sells 66th-floor Park Tower condo for $11.2M

Billionaire Ken Griffin on Friday sold an 8,000-square-foot condominium on the 66th floor of the Park Tower building on the Near North Side for $11.2 million — easily the highest Chicago-area home sale price in this new year.

Griffin, who recently relocated his hedge fund firm, Citadel, and his own family to south Florida after complaining about crime in Chicago, took a meaningful loss on the unit, which he bought for $15 million in 2012. That means that his sale price on Friday was more than 25% less than he paid for the unit more than a decade earlier.

Griffin now has unloaded the second of four high-priced condominium on the Near North Side that he recently placed on the market — all of which were listed for more than $11 million each. In October, Griffin sold his five-bedroom, 7,400-square-foot full-floor condo on the 37th floor of the Waldorf Astoria — which had been Griffin’s most recent legal residence — to an opaque Delaware limited liability company for $10.22 million, which was $1.27 million below his asking price and $3.07 million, or 23%, less than the $13.3 million that Griffin had paid for that 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 also to own the 36th through 38th floors of the building at 9 W. Walton Street, and there’s no word yet on when or if he will place those for sale.

As for the 66th-floor Park Tower unit, Griffin first listed it in July for $13.25 million, and he struck the deal to sell it in November. The unit is raw space — Griffin bought it 12 years after his $6.9 million purchase in 2000 of 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 did not immediately respond to a request 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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