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Investing.com -- Billionaire Ken Griffin is close to selling his last Chicago property, marking the end of his real estate holdings in the city more than three years after relocating his financial empire to Miami.
The Citadel founder’s condominium at 800 N. Michigan Avenue has gone under contract, his spokesperson confirmed Wednesday, according to Bloomberg. The property is currently listed at $12.5 million, representing a $3.25 million reduction from its previous asking price before being temporarily removed from the market in July.
Griffin accumulated several prominent Chicago properties over the years but began divesting them after announcing in 2022 that Citadel would move its headquarters to Miami. Most of these properties sold for less than their purchase prices, reflecting a weakening high-end housing market in America’s third-largest city amid growing concerns about taxes and crime.
The pending sale of this final property completes Griffin’s exit from the Chicago real estate market following his company’s relocation to Florida.
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