Right when we’re about to fill you all in as to some records the Millennium might be setting (we’re talking price per square foot of an empty shell sold), the Chronicle goes and scoops us (at least we know they’re working). Not to fear, if you’ve been reading theFrontSteps for a while you would have known about this penthouse sale way back in November when we said,
one of those sales is a 60th floor penthouse unit that happens to be 645 feet above ground, with ~4700 square feet of empty shell (meaning the owner can do with the interior as they please), a 580 square foot terrace, views to die for (more on that later), and a $10-12M price tag, or more than $2,000 per square foot. Whether it is true, and whether it is $10M or $12M… we leave to your imagination
Regarding that record, if memory serves our sources correctly, the developer of the Four Seasons sold a unit in shell condition (5700 square feet) for $10M about 6 years ago. That is $1,754 per square foot. Perhaps a more current comparable, but not as high was the 3 units together at the St. Regis, penthouse, with terraces surrounding that sold for $27M and contained 17,000 square feet, or a price per square foot of $1,588.
So if the Millennium penthouse sold for $2,288 per square foot, is that not a record?
–Millennium rising and selling rather quickly [theFrontSteps]