GD Holdings buys 16 St. Regis Chicago condos from Sony for $21M
Key takeaways
- Regis Chicago condos from Sony for $21M Salomon Juan Marcos Villarreal Grupo Denim CEO and the St.
- The transaction, which breaks down to roughly $1.31 million per unit, underscores a recurring theme at the 101-story supertall: the power of the bulk discount.
- The 16 units GD just acquired have a unique backstory.
GD Holdings buys 16 St. Regis Chicago condos from Sony for $21M Salomon Juan Marcos Villarreal Grupo Denim CEO and the St. Regis Chicago skyscraper at 363 E. Wacker Dr. (Getty, St. Regis Chicago) Sam Lounsberry Wed, May 27, 2026 at 12:07 AM GMT+7 3 min read SONY Denver-based GD Holdings is tightening its already formidable grip on the St. Regis Chicago, snapping up a portfolio of 16 luxury condominiums from Sony in a bulk deal valued at $21 million, public records show.
The transaction, which breaks down to roughly $1.31 million per unit, underscores a recurring theme at the 101-story supertall: the power of the bulk discount. Given the multi-million dollar figures individual units have recently commanded at the Jeanne Gang-designed tower, the pricing on the Sony deal, which includes penthouse units on the 89th and 77th floors, is notably low. While public records indicate the transaction closed last week and was for 100 percent of the interest in the properties involved, it remains unclear whether Sony will maintain a back-end stake in the financial performance of the units moving forward.
The 16 units GD just acquired have a unique backstory. Sony only recently gained control of the condos in January, receiving them from Chinese conglomerate Dalian Wanda Group, Chicago-based Magellan’s former joint venture development partner on the skyscraper. While Sony was quick to flip its share to GD, Wanda still controls an additional 21 condos in the building. It’s unclear what Wanda’s long-term strategy is for those remaining high-end units as the developer continues to navigate its global real estate holdings.