The Square Foot Ceiling

The Square Foot Ceiling

Janel Laban
Apr 4, 2006

Doubling your own best price?
The 92 story Trump International Hotel & Tower is currently rising on the river near Michigan Avenue. The penthouse was listed at $28 million, and then taken back off the market.

At 14,000 square feet (!) the apartment was priced at double the current max price per square foot for condos in Chicago. $2,000/sf is unheard of, according to the Tribune. The present price leader is the Trump International, where the average selling price was $750/sf through last summer. Recently they have risen to the 1K/sf zenith.

Better luck next time...

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