Magellan's St. Regis Scores Buyer for $11.5 Million Listing therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
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These 15 are all on the lower floors of the 95-story tower, on floors 13 to 26, and thus are among the lower-priced units in the development.
All together, the 15 condos sold for an average of $726 per square foot, according to Crain’s analysis. The sale prices averaged 20 percent below the original asking prices.
They sold for between $1.24 million and $2.47 million.
The per-square-foot figure is “about where I expected to see them selling,” said Phil Skowron, an @properties agent who focuses on the downtown luxury condo market but has not represented any St. Regis buyers.
The sale prices are well above the per-square-foot price of other condos in the Lakeshore East neighborhood but not a big stretch. In the past year, $1 million-and-up condos in the neighborhood have gone for an average of about $689 a square foot, according to Crain’s analysis of Midwest Real Estate Data’s records of recent sales.