William F. Farley and his wife will continue splitting their time between Chicago and Maine
Financier and former Fruit of the Loom President and CEO William F. Farley and his wife, Shelley, have listed their seven-bedroom, 12,000-square-foot full-floor apartment on the 14th floor of an East Lake Shore Drive cooperative building for $15.9 million.
The 18-story building was constructed in the mid-1920s and was designed by noted architect Benjamin Marshall, who himself lived in a sixth-floor apartment during the building’s first decade or so. The building boasts a tremendous amount of star power in terms of its resident-owners, and Farley was close friends with legendary Tribune advice columnist Ann Landers — real name Eppie Lederer — who lived in an apartment one level above Farley’s until her death in 2002.
In addition to the size of the space, the views and the natural light, Farley touted the apartment’s flow and the fact that the redesign by Booth allowed for two large art galleries. Although the Farleys have their co-op unit for sale, William Farley said he wanted to make clear that he has no intention of leaving Chicago. He and his wife divide their time between Chicago and a place in Maine, and they plan to continue that.“You do get to a stage in life where it’s a 12,000-square-foot space and it’s just two people, and you want to reduce the footprint,” he said. “It’s not negative about anything in the city.
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