Council on Tall Buildings and Urban Habitat
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Written by:hostPrint
6/1/2012 2:02 PM 

The penthouse on the 89th floor of Trump International Hotel and Tower in Chicago has hit the market with an asking price of $32 million. The penthouse is reportedly the most expensive real estate listing in the city, according to media reports.

The penthouse is also billed as the highest home in the western hemisphere. The Trump Tower, combination residential and hotel project, is the second tallest building in North America, behind the Willis Tower. The tallest North American exclusively residential building is Eight Spruce Street in New York.

The penthouse is 14,260 square feet, all on one floor, putting this value at $2,250 per square foot. The master bedroom alone is 1,120 square feet, according to the listing information. The penthouse includes five fireplaces, a massive exercise room, media room, study and laundry room.

The five-bedroom, eight-bathroom unit is still unfinished. It does not have flooring, furniture or doors, according to the listing. The listing encourages the purchasers to "build out the unit to their specifications."

Basketball superstar Derrick Rose recently bought a three-bedroom condo five floors below for a reported $2.8 million, according to CBS Chicago. Hockey player Patrick Kane also owns a unit in Trump Tower.

Mr. Trump is not alone in listing a high-profile Chicago property. Michael Jordan's 56,000 square foot mansion in Highland Park, which includes a full indoor basketball court and gym, is for sale for $29 million dollars, reports. Vince Vaughn listed his penthouse in the Palmolive Building on Michigan Avenue for $18.4 million. A house in Lincoln Park is listed at $10.9 million, according to local media.

Despite the lofty price, the Trump listing is nowhere close to the most expensive apartment in the United States. Last month the penthouse in the unfinished One57 tower in New York reportedly sold for $90 million.