Former Boeing CEO sells Streeterville condo after 12 years of trying
The three-bedroom unit had been on and off the market, and included several price cuts
Former Boeing CEO Philip Condit unloaded his Streeterville condo last week after 12 years of trying.
Condit and his wife, Geda, first listed the three-bedroom unit on the 26th floor at 445 East North Water Street in 2007, and the condo has been on and off the market since, according to the Chicago Tribune.
The couple bought the 4,000-square-foot unit in the Riverview Condominium development for a little more than $2 million in 2001. They first listed it in 2007 for $2.9 million before taking it off the market two years later after a price cut.
They relisted it in 2016 for $3.5 million and cut the asking price. They then pulled it from the market, then relisted it for $3 million, and slashed the price again, before taking it off the market again in February 2017. They relisted it in March for $2.6 million, and sold it last week for $2.4 million.
Ronda Fish of Jameson Sotheby’s International Realty had the listing when it sold. Public records do not yet identify the buyers.
Condit was CEO of Boeing from 1996 to 2003, and oversaw the move of the company’s headquarters from Seattle to Chicago in 2001. [Chicago Tribune] — John O’Brien
COMPANIES AND PEOPLE