xml:space="preserve">
xml:space="preserve">
Advertisement

Four Seasons Hotel penthouse sells for $4.65 million

A two-bedroom, penthouse duplex on the top floor of the residences above the Four Seasons Hotel on North Michigan Avenue sold on March 31 for $4.65 million.

Featuring 22-foot windows, soaring ceilings and 300-degree views of the city and Lake Michigan, the condo was sold by Chuck Wolande, the co-founder of information technology equipment reseller Comark. Wolande, 61, paid $4.2 million for the unit in 2004.

Advertisement

Wolande and Phil Corcoran, who co-founded Comark in 1977, sold the company in 2002 to a rival, Insight Enterprises, for $150 million.

Wolande had been living in the unit only some of the time, said listing agent Doug Smith of @properties.

Advertisement

"It wasn't a full-time residence for him," Smith said. "He was just moving on to a new phase in his life, and he is spending more time in Florida."

The penthouse has a contemporary decor, an open floor plan, and a stainless steel and glass staircase in the center. Other features include 2-1/2 baths and smart home technology, including automated window shades and lighting.

Wolande first had listed the unit on Feb. 5 for $5.125 million.

"It's a very unique space at the penthouse level — a corner unit with 22-foot windows," Smith said. "The price was great. It's in line with the high end right now."

Public records do not yet identify the buyer.

Crain's Chicago Business first reported on the sale.

Bob Goldsborough is a freelance reporter.

An earlier version of this story gave the wrong year Wolande bought the unit.

Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement