High above Streeterville, a long-empty slice of the Chicago skyline is finally move-in ready. After years as a raw concrete shell, a full-floor penthouse at One Bennett Park has reemerged on the market as a fully finished residence, carrying a $12.25 million price tag. The 64th-floor aerie, once pitched as a blank canvas for an ultra-wealthy buyer, is now being offered as a turnkey home instead of a construction project, giving deep-pocketed shoppers a rare shot at a completed trophy unit in the tower without tacking on millions in build-out costs.
Listing details and photos
According to Crain's Chicago Business, the full-floor residence on the 64th story is listed at $12.25 million as a finished home. Reporter Dennis Rodkin notes that listing photos now show a completed interior where earlier marketing images highlighted bare concrete and open ceiling cavities. It is the clearest signal yet that a unit long promoted as buyer-finished space has been fully built out and is now being sold as a ready-to-live-in penthouse.
From raw shell to market-ready
When One Bennett Park first launched, Related Midwest offered its three full-floor penthouses as raw space with prices that climbed to about $16.8 million, as reported by The Real Deal. Buyers were expected to bring in their own architects and contractors and budget hundreds to thousands of dollars per square foot to finish the space, a process that could easily stack several million dollars on top of the purchase price.
Unit specifics and building context
Sales materials show that Penthouse 64 clocks in at roughly 8,414 square feet and was previously sold as raw space, according to the One Bennett Park floor plan. The Related Midwest tower at 451 E. Grand Avenue, designed by Robert A.M. Stern, includes a suite of amenities that ranges from pools to an owners' lounge and private dining, per the building's sales site.
What this signals for the Chicago luxury market
The new finished price tag arrives after Related cut the price on another top-floor unit in 2024 amid softer demand for downtown condos, a trend The Real Deal highlighted last year. Whether someone steps up to pay $12.25 million for a polished, full-floor showpiece instead of hunting for a raw shell and customizing it from scratch will offer a real-time read on how Chicago's high-end buyers want to play the ultra-luxury game this cycle.
Next steps
Sales materials identify Related Realty as the exclusive sales agent for the penthouse, according to the floor plans and offering documents. If the unit closes anywhere near its $12.25 million asking figure, it could serve as a bellwether for whether fully finished, top-of-the-market homes are back in style in Streeterville this year.
