Kelleher sells $40m pad

DEVELOPER Garrett Kelleher is a relieved man after the $40 million (€28m) penthouse in his unfinished Chicago Spire was sold — to the man who built his billions on Beanie Babies toys.

Ty Warner signed the contract to buy the two-floor penthouse at the top of the 150-storey spire overlooking Lake Michigan.

While the price was not disclosed, it was on the market for $40m, though in this straightened times Mr Warner is likely to have been able to strike a hard bargain with Dubliner Kelleher.