Will There Be Flips in the New Luxury Condo Tower No 9 Walton in the Gold Coast?
This 3-bedroom at in No 9 Walton at 9 West Walton in the Gold Coast recently came on the market.
No 9 Walton is a new construction luxury high rise with 66 units and a parking garage.
It’s located across the street from the Ogden School.
This building was conceived as a luxury building with large, family-sized 3 and 4 bedroom units.
There are no 1-bedroom units in the building.
The listings claim 5-star amenities including a motor court with valet, an indoor spa pool, private dining, a 2-story exercise room and a wine tasting room.
The building was so popular in pre-sales, that the developer actually added several floors to make it bigger.
This unit looks like a resale.
It’s on the 28th floor and is a half floor unit with 4420 square feet and 2-car parking.
An interesting feature is the full sized laundry room measuring 14×10.
The building is nearly sold out.
Closings are expected to begin in January 2018.
We haven’t seen nearly sold out new construction condo towers since the boom years. Back then, buyers were buying pre-construction, when prices were lower, waiting for them to close, and then flipping the units for a quick gain.
Will we see flips in this building?
Susan Miner at Premier Relocation has the listing. There aren’t any pictures for the unit but you can see what the finishes are going to look like with Unit #2201 which are the developers pictures. See them here.
You can see the listing here.
Unit #2801: 3 bedrooms, 3.5 baths, 4420 square feet
- New construction
- Currently listed at $6.3 million
- Assessments of $3733 a month (includes heat, a/c, gas, doorman, exercise room, pool, exterior maintenance, lawn care, scavenger, snow removal)
- Taxes are “new”
- Central Air
- Washer/Dryer in the unit
- 2-car parking
- Bedroom #1: 31×14
- Bedroom #2: 14×11
- Bedroom #3: 14×16
- Study: 14×13
- Library: 18×13
- Terrace: 13×27
I think I might be able to find two properties for this much money, either of which I would prefer to live in; there’s that little value here.
SWEET MARY JESUS!!! THATS A LOT OF DOUGH DOH FOR SO LITTLE JOE JOE. UGH I BET IT MUST BE NICE TO MAKE THAT KINDA COIN. GOOD LUCK ALL. BUYT NOW BEFORE THE END COMES!!!! LOLZZZ!!! I NEED AN OLD STYLE.
I thought the developer added floors to the building so Ken Griffin could have his penthouse complex on the top 3 floors, with special metal floors and extra height ceilings, a private rooftop pool, etc.
“Parking Information
# of Cars: 2
# of Garage Spaces: 2”
“Parking sold separately.”
C’mon, guys. Even at $6.3m, you can’t enter accurate info into the MLS???
“I thought the developer added floors to the building so Ken Griffin could have his penthouse complex on the top 3 floors, with special metal floors and extra height ceilings, a private rooftop pool, etc.”
Yes, I heard mid renovation/build out, he realized he needed another floor for his staff so they had to scramble to find space.
i don’t know if this is a flip or if its a buyer that just changed his mind and wants out of his contract?
This is nearing $1,500/sf range for a non penthouse unit – GTFO
In my decidedly down market condo I have the luxury of a laundry room just a bit small, maybe 8×10. It’s actually fitting out as a combination laundry area along with pantry shelves which we use for things like canned goods, paper products, tools, etc. It is a miracle space and is useful for many things. Is it worth $6.3M? No.
“I thought the developer added floors to the building so Ken Griffin could have his penthouse complex on the top 3 floors, with special metal floors and extra height ceilings, a private rooftop pool, etc.”
Special metal floors????
this listing (#1603) says that it’s a resale so flips must be going on. why would a developer allow resales prior to closing.
https://www.redfin.com/IL/Chicago/9-W-Walton-St-60610/unit-1603/home/109608035
Legally, can a developer ban resales prior to closing?
“why would a developer allow resales prior to closing.”
Because it’s basically sold out but there’s still demand. Why does the developer care if it sells for even more now?
Great for the building and other buyers. Builds buzz for when they build their next building.
“Legally, can a developer ban resales prior to closing?”
Depends on the contract, right?
Yes, it depends on the contract. And, the buyer can certainly not care about the contract and do what he wants. And then the developer can sue him. Not sure if it would be worth it.
“Yes, it depends on the contract.”
Indeed, it’s possible for a ‘contract’ to really just be a put option, as the president demonstrated with his building here.
“Because it’s basically sold out but there’s still demand. Why does the developer care if it sells for even more now?
but the contracts were created a long time ago – well before construction. who really knows how hot or cold sales will be. a smart developer would put some stipulation in their sales contract not allowing resales in the event they are competing with their own inventory.
“And then the developer can sue him. Not sure if it would be worth it.”
And are they going to sue someone selling a $6 million unit that isn’t even a penthouse? When the building is sold out? And now this increases the buzz and value of the other units?
No.
The Alabama election results only confirms the direction of the last few elections now. Big cities and their suburbs are going blue. Rural areas are red. And Alabama isn’t even one of the states with huge blue urban areas. But Jones crushed it in Birmingham and Selma, where he needed to win big.
Urban voters, especially women, are pissed. If you thought the women’s march last January was a one-off, get ready. Because there will be another one next year. Tweets like the one that Trump sent out today against Gillibrand only enrage us further.
The Democrats will take Texas in 2020. Those suburbs will turn blue by then. Add on Florida with the 200,000+ Puerto Rican voters voting Democratic (Trump only won Florida by 100,000 votes) and the Democrats won’t need any other states to go along with blue strongholds IL, CA, New York. They will easily re-take the White House.
The Republican strategy of appealing only to that narrow 33% mostly rural base is going to crush the Republican party in 2018 and 2020.
The divide between urban and rural is only growing. The cities are getting richer. The tax reform will only make it worse. More corporations in the cities. The trickle down will trickle down there first.
Sabrina, are we changing the name to Poli-chatter?
Sabrina is absolutely correct, Don the Con has a sub 40% approval rating nationally and is below 50% in blood red Alabama. He is toxic to most people other than easily fooled rubes in dying rural America.
It doesn’t confirm anything… all it says is that idiots in Alabama nearly (49%) elected an alleged pedophile
I foresee more political gridlock and acrimony at least until the Baby Boom generation starts to thin out and the Millennials grow in number and power, until then expect dangerous political mayhem and volatility. But after that maybe the country will get back onto a sane course with new GenX and Millennial blood and drop this whole red / blue left / right BS narrative and real wealth start to be created again. Call me a pessimist but these last 2 real estate cycles have been artificially pumped up, so has the stock market and there will be a correction either in prices or by inflation – how much so who knows for sure.
“The Alabama election results only confirms the direction of the last few elections now. Big cities and their suburbs are going blue. Rural areas are red. And Alabama isn’t even one of the states with huge blue urban areas. But Jones crushed it in Birmingham and Selma, where he needed to win big.
Urban voters, especially women, are pissed. If you thought the women’s march last January was a one-off, get ready. Because there will be another one next year. Tweets like the one that Trump sent out today against Gillibrand only enrage us further.”
Well, you nailed it there. Agreed. It was WHITE women who gave the Democrat the victory. Had they voted more in line with their fathers, husbands, brothers, sons, nephews, etc. then Moore would have won in a landslide.
It’s an electoral fact that white women are the most likely group to vote against their own spouses. Jewish, black, Latino and even Asian households vote with more family unity than whites. White women are suckers and by seeing their voting patterns against their own husbands, sons and fathers it pretty much proves this.
You’d never see black females and black males splitting up their votes against Obama. Or Jewish women voting against Rahm. Or Latino women voting against Chuy. Yet somehow, I think it’s feminism, has driven white women to absurd levels.
Helmet, I know, right? I was thinking the same thing. These damn pesky white, feminists don’t want to send a pedophile to the senate. Imagine that! Next thing you know, these damn feminists may even want Moore in jail. My Christmas wish is that all these teenage victims just leave Moore alone.
“Well, you nailed it there. Agreed. It was WHITE women who gave the Democrat the victory.”
Nope. Wrong again HH. 98% of black women who voted, voted for Jones. And they were 17% of the total vote.
It was the black vote that made the difference. Biggest turnout since 2008 and 2012 Obama elections. Far greater than normally turn out for a non-presidential year. They were pissed. And can anyone blame them? My god. This is 2017 not 1950.
Jones also won a huge percentage of the under 45-year old vote, of all races.
You can’t win with just white men. You can’t even win with just white voters. The country is too diverse. It will doom the Republican party going forward.
And you blaming feminism only reveals that, yes, you are 70 years old. No younger person living in River West would EVER say it was white women feminists. Ba ha ha ha!
“Had they voted more in line with their fathers, husbands, brothers, sons, nephews, etc. then Moore would have won in a landslide.”
Really? There were plenty of white college educated men up in Huntsville who voted for Jones. Lol.
“Sabrina, are we changing the name to Poli-chatter?”
Yes. We’ve talked about the elections many times on this site.
“You can’t even win with just white voters.”
huh? Moore would have won if just a fraction of white women had voted alongside their boyfriends, husbands, fathers, sons, etc. This is simple math.
Stop calling me 70 years old and that that I don’t live in Chicago. That’s a typical leftist ploy to attack someone personally when they don’t have anything factual to say. I’m a red-pilled male younger than you, by far.
I’m glad you acknowledged that it was the “black vote” that mattered. It makes sense to me, not to you apparently, that people (like the blacks, Jews, Latinos, etc.) vote in racist fashion and cohesion. I’m telling you again, that it’s only white women who don’t do this and backstab their own futures. Moore would have won easily, except for the white women vote. Period. That’s the math.
For any white male (allegedly) in Huntsville, AL to vote for the estrogen-soaked Jones would be the equivalent of Denzel Washington voting for Romney over Barrack Obama. Yes, there are these weirdos. Every white male who is anti-Trump (like southbound) has to ask themselves why they are so unlike Denzel Washington, who’s voting patterns make total sense when their’s do not. Simple.
What kind of woman would be attracted to a man who voted for Jones? Oh….someone like Sabrina. LOL. Someone who hasn’t had sex in decades.
…and fat and with a pink hat.
Helmethofer,
I can stomach most of your absurd bulls*it in the name of internet trolling –
What i won’t tolerate however, is using an apostrophe for ‘theirs’.
Learn your grammar, you stupid nazi POS.
“who’s voting patterns make total sense when their’s”
That’s groove level grammatical/spelling errors. You should be proud.
Or are you typing in hollow-bonics?
“Stop calling me 70 years old and that that I don’t live in Chicago.”
Sigh.
It’s okay to be older. Embrace it HH.
And it’s flattering that you WANT to live in Chicago even with all of our crime, Rahm being mayor, the weather and the Bears.
“For any white male (allegedly) in Huntsville, AL to vote for the estrogen-soaked Jones”
Jones won the Huntsville county. The only way he could do that was by winning the white male vote. There’s a lot of aerospace jobs there which are mostly male engineers.
Sorry to burst your bubble HH.
It’s very obvious how Jones won in Alabama. The black voters turned out in huge numbers, the highest in a non-presidential race in a decade, the Republicans stayed home and/or put over 20,000 votes into write-in candidates as a protest. People in the cities are pissed. They are simply tired of the racist, sexist bent with these candidates.
This is 2017, not 1950.
Oh- and you betray your age by attacking strong, powerful women. Old guys do that. Bullies do that. Because they are scared.
Like Senator Gillibrand, I will not be silenced.
“Moore would have won easily, except for the white women vote. Period. That’s the math.”
You’re never going to win when your opponents are driving people en masse to the polls as that one African American woman did. She drove 50 voters to the polls.
Lol.
What dedication. What a ground game. Other Democrats should be taking lessons from Doug Jones, especially in Texas. They will need that kind of ground game if they want to defeat Cruz. Or in Wisconsin in Ryan’s district. Sounds like the Democrat might really have a shot in that district if Ryan is going to retire before the race.
All the GOP needs to do is run 2 pederasts and the Dems are all set