Elite Street | By Bob Goldsborough | Former Tribune Co. Chief Executive Randy Michaels has listed his 31st-floor, penthouse condominium unit in Streeterville for $989,000.
Tribune Co. Chairman Sam Zell named Michaels, whose real name is Benjamin Homel, to the company’s executive team in December 2007 and promoted him to CEO in late 2009. Michaels resigned under pressure in October, after weeks of escalating allegations that he and some associates that he had recruited had tarnished the company with boorish, sexist behavior.
Michaels isn’t expecting much, if any, of a profit. He bought the three-bedroom condo for $970,000 in September 2008 from the building’s developer.
Features include river and lake views, floor-to-ceiling windows, two marble baths, an office nook, 10-foot ceilings, wood floors, solar shades, custom closet buildouts, two balconies and KitchenAid stainless steel appliances in the kitchen.
“It’s spacious, it’s contemporary and there are outstanding views from every room,” said listing agent Naomi Wilkinson of Magellan Realty. “And, it has high ceilings.”