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Former Hyatt and Coach exec sells contemporary home in Logan Square for $1.5 million

A former Hyatt Hotels and Coach Inc. executive and his wife sold a six-bedroom, 4,465-square-foot contemporary-style house in Logan Square on June 9 for $1.53 million.

Gebhard Rainer was Chicago-based Hyatt Hotels' chief financial officer from 2012 until leaving in 2014 to join New York-based Coach as its president and chief operating officer. He left Coach in April in a shake-up.

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In Logan Square, Rainer and his wife, Luisa, paid $1.525 million in 2013 to buy the two-story, all-brick house from its builder. Set on an extra-wide lot, the house has 4 1/2 baths, wide oak hardwood floors throughout, a glass fireplace in the living room, a family room off the kitchen, custom shades throughout, a lower level with heated floors, a 1,000-bottle custom temperature-controlled California redwood wine cellar, and a kitchen with Caesarstone countertops, custom cabinets and appliances from Miele, Sub-Zero and Wolf. Outside on the property is a roof deck atop a three-car garage.

"The house is full of windows, and when my clients bought it, they fell in love with that," listing agent Jeanine Wheeler of @properties told Elite Street. "The finishes were top-notch. And the house is not over-the-top contemporary. It's a bit more transitional. It's a really warm house with a lot of sunlight, and it's really inviting."

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The Rainers first listed the house in October 2014 for $1.85 million and cut its asking price six times over the next 18 months before reaching a final listing price of $1.55 million.

The Rainers now live in Scarsdale, N.Y.

Bob Goldsborough is a freelance reporter.



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