Three of the tower’s 25 01 units went under contract between March and October 2007; the other 22 have been on the market for 1,192 days and counting. The 1,920 square-foot three-bedroom / three-baths, located on the tower’s northeast corner, are listed from $1.25 million on the ninth floor to $1.56 on the 31st. Unit #1401 (seen here) now serves as one of the tower’s three furnished models and is available for $1.35 million. (The home was originally listed for $1.31 million but was adjusted to reflect its upgraded finishes.)
Keeping in mind that nothing’s moving at Walton on the Park right now, what is it about this tier that made it so hard to sell, even in the good old days? Could it be its location within the tower? For years, The Enterprise Companies and Mesirow Financial Real Estate marketed Walton on the Park as a two-tower development, and the majority of this home’s exposures would have opened up directly onto the building’s twin to the north. The views to the east aren’t that great, either, unless you want to see Ten East Delaware up close. Add in the difficulty of selling three-bedroom condos in a tough market, and maybe we’ve found an explanation.
Or maybe buyers simply didn’t dig the floor plan. I’ve embedded it below — tell us what you think.