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Former Microsoft Exec Buys Streeterville Penthouse

by Chicago Agent

According to ChicagoMag.com, Former Microsoft CTO David Vaskevitch has purchased a Streeterville penthouse owned previously by developer Dan McLean.

Sold on Jan. 27 by Koenig & Strey’s Michael Mazzei, on behalf of JP Morgan Chase, the property boast a 1,600 sq. ft. terrace with views of Lake Michigan and Navy Pier. The listing price of the penthouse was $3.499 million, which came down from the original price of $4.89 million in late 2009.

McLean, known for development projects throughout the city, acquired the property in 2001 for $2.052 million from River View East, LLC, the arm of his MCL Companies that constructed the tower and its counterpart.

McLean lost the property to JP Morgan in March of 2010, in connection with a personal guarantee he made in 2006 for a $24 million loan used for an Atlanta development project.

David Vaskevitch was chief technology officer of Microsoft until 2009.

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