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No Magic Number for Long-Listed Triplex w/ Terrace Hot Tub

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This 3/2 triplex at 221 E Walton has 1980s glam written all over it. It's a dominant Streeterville penthouse with McMansion posture, centered on the double-height living room with its grand winding stairs and 18-foot-tall wall of windows. Portions of the 2,355-square-foot abode are pretty average, but on balance it's very cool thanks to spots like the skylit bar and solarium, granite master bathroom, and the top level terrace with hot tub. The condo listed in March 2011 for $1.499M and has been shedding a $100K/year to settle at $1.195M. It bears mentioning that an unfurnished sister triplex, Unit 20PW, slid from $999K to $799K before going under contract. Both sellers are staring down a loss. How nasty will it get?
·Listing: 221 E Walton Place, Unit 20PE [Prudential Rubloff]
·Triplex in Thicket of Streeterville Highrises Slides to $799K [Curbed Chicago]