Someone just put a West Loop condo under contract at $5 million-plus

Photo by Jameson Sotheby's International Realty

By: Dennis Rodkin | May 5, 2017 | Crain's Chicago Business

The record purchase price for a West Loop condo is set to more than quadruple, with a buyer agreeing to pay more than $5 million for a not-yet-built penthouse on Washington Street. The asking price is about $5.6 million for the home, which is under contract. The listing agents declined to provide any details on the buyer, whom they referred to only as "he." "We're getting a younger generation, the tech crowd, in the West Loop," said Shannon Kelly, one of two Jameson Sotheby's International Realty agents representing the building, 900 W. Washington. Kelly and Melanie Giglio, the other listing agent, declined to say whether the buyer is part of that tech crowd. But he is paying close to the list price, Giglio said. Read More....