Citadel’s Ken Griffin sells Park Tower apartment in Chicago

The listings strike the market place a several months following Griffin announced he would shift his Chicago-centered monetary empire and his spouse and children to Florida entire-time. 
At the time of the announcement, Citadel spokesman Zia Ahmed told the New York Periods that corporations in Chicago “are owning trouble recruiting leading expertise from throughout the world to Chicago given the rising and senseless violence in the city. Expertise wishes to stay in metropolitan areas where they really feel harmless.”
It’s not only Griffin going to Florida. Information experiences have claimed about 300 Citadel staff members will also make the go in just the 1st year. To day, Crain’s has verified only 1 sale by a Citadel staffer who relocated to Florida. On Jan. 6, Rob Satzger, vice president of institutional revenue at Citadel Securities, bought a household on Locust Highway in Winnetka for a minimal about $1.82 million. 
Griffin’s newest Chicago sale is a 5-bedroom, 8,000-sq.-foot unit Griffin acquired in 2012 for $15 million. At $11.2 million, Friday’s sale signifies a 25% decline for the vendor.

Griffin also took a reduction in the initial of his current Chicago gross sales. That was a total ground at the Waldorf-Astoria tower on Walton Road, marketed in Oct for $10.225 million, a lot more than $3 million off what he paid for it in 2014.

Griffin even now has two condos on the current market. 1, priced at $15.75 million, is one flight up from the 1 he marketed Friday, on the 67th flooring of the Park Tower, the place he’s inquiring $15.75 million. The other is a person of his 4 floors at the leading of No. 9 Walton. The unit, about 7,100 square feet on the 35th flooring, has an asking rate of $14 million.

The sale is by significantly the highest rate recorded in the new year, despite the fact that it is been a scorching couple months at the higher close of the market place, with four houses currently offered at $5 million or a lot more in 2023.

In 2022, nine residences marketed for $10 million or a lot more in Chicago and the suburbs.

Susan Miner of Leading Relocation represented the Park Tower device that Griffin sold Friday, and Katherine Malkin of Compass represented the customers, who are not but discovered in general public data. Listed for sale July 26, it went less than contract to the prospective buyers Nov. 22. No images of the condo’s inside were being provided in the listing.

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