Waterton sells 346-unit, 2020-built, The Grand Central Apartments in South Loop for $103.5M ($299k/unit) to RPM

6/1/2026

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The Real Deal

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• Subcategory: MF: Market Rate

• Tag: Sale

• Additional Filters-Subcategory: MF: Highrise

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

Highlights
Waterton sold the Grand Central apartments at 221 West Harrison Street to RPM Living for $103.5 million.
The sale price of $103.5 million is nearly $22 million higher than the approximately $81 million Waterton paid less than two years prior.
The Grand Central complex consists of two 14-story buildings and has 346 units.