The co-founder and owner of the Pete’s Fresh Market grocery store chain has listed a four-bedroom, more than 11,000-square-foot vintage sandstone mansion in Chicago’s Near North neighborhood for $21.9 million.
Built in 1888 for attorney John Howland Thompson and currently owned by Pete’s co-founder and owner James “Jimmy” Dremonas, the landmark mansion on North Dearborn Street now has the second-highest asking price for any residence in Chicago at present, trailing only a six-bedroom, 25,000-square-foot mansion in Lincoln Park with a $50 million price tag.
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Dremonas does not live in the Dearborn Street mansion, listing agent Tatiana Miller of Coldwell Banker said. In April 2009, his J.H. Thompson House limited liability company paid $3.128 million to buy the sandstone mansion, which is one of three mansions in a row, from developer Enterprise Cos., which was building the Walton on the Park condominium tower on a nearby parking lot.
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The mansion was designed by the Cobb & Frost architectural firm and required a substantial renovation by Dremonas, Miller said. It previously had long been owned by the administrative arm of the Scottish Rite fraternal organization, which sold it in 2006 to Enterprise.
“The house was totally run-down and needed a lot of work. He invested over $7 million (in it), everything inside was gutted, all exteriors were restored, and it took him eight years actually to build this restoration,” Miller said. “He originally bought this for himself and his family but by the time he finished, his kids had grown up and now he feels like he didn’t really need this house and would like to sell it.”
Miller said the $21.9 million asking price includes both the mansion and a one-bedroom, 1,000-square-foot carriage house.
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The house is listed as a pocket listing for now, Miller said. She intends to place it in the public multiple listing service in early July.
The mansion coincidentally is on the same block as the building at 9 W. Walton, where billionaire Ken Griffin’s $58.75 million purchase of four floors in November ranks as the highest-priced home purchase in Chicago history. Griffin assembled his purchase in four separate transactions for each of the four floors he purchased — the highest-priced of which was $21.166 million for the building’s 38th-floor penthouse level. So if the Dearborn Street mansion sells for its full asking price, it technically would have the highest recorded selling price of any individual residential property in Chicago history.
Bob Goldsborough is a freelance reporter.
Source: https://t-tees.com
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