Beanie Babies Magnate Buys Chicago Spire Penthouse
WGN | September 30, 2008 09:47 AM
Beanie Babies magnate Ty Warner has bought the duplex penthouse in the not-yet-built Chicago Spire, WGN-TV reports.
The 10,000 square-foot, duplex is expected to be the 141st and 142nd floors of Santiago Calatrava's 2,000 foot-tall lake shore skyscraper.
The penthouse was listed at $40 million, but it's unclear how much the reclusive local billionaire actually paid.
A spokeswoman for the developer told WGN that the Spire's foundation is finished and the building will begin rising when the economy improves. They still expect to complete the building by 2012.
http://www.huffingtonpost.com/2008/0..._n_130508.html
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Spire's penthouse sells for tall price
September 30, 2008 at 6:50 AM
The penthouse of the not-yet-rising Chicago Spire has been sold, but the developer won't say precisely for how much.
The 10,000-square-foot, two-floor duplex slated for the 141st and 142nd floors had an asking price of $40 million, according to a spokeswoman for developer Shelbourne Development Group.
The buyer was Beanie Babies magnate Ty Warner, chief executive of Oak Brook-based Ty Inc., whose personal fortune has been estimated by Forbes magazine in excess of $4 billion.
Spokeswoman Kim Metcalfe said more than 30 percent of the 2,000-foot condo tower under construction just north of the Chicago River at Lake Shore Drive has been sold and that units are still selling despite the dire nature of the economy. When finished, it will have 1,194 units.
The foundation is 100 percent completed, she said, adding that the Spire will begin rising as the economy gets better. The completion date for the tower is 2012, she said
--Pat Curry, WGN-Ch.9
http://www.chicagobreakingnews.com/2...all-price.html