In the midst of a turbulent housing market, the developer of the Chicago Spire residential highrise says he’s sold 30 percent of the units.
Developer Garrett Kelleher started selling condos in the Spire in January and right from the beginning, he targeted an international market. His staff jetsetted around the world on a sales roadshow from Dublin to Singapore to Johannesburg.
In a statement released today, Kelleher says people from overseas have bought half the units sold so far. The weak dollar has helped make the condos more affordable to people outside the U.S. Construction on the 2000-foot twisting skyscraper began a year ago, and Kelleher says the foundation is now almost done.
Units in what will be the world’s tallest residential building run from $750,000 for a studio to $40 million for the penthouse.