10/31/2008 05:12 am ET Updated May 25, 2011

Beanie Babies Magnate Buys Chicago Spire Penthouse

Beanie Babies magnate Ty Warner has bought the duplex penthouse in the not-yet-built Chicago Spire, WGN-TV reports.

The 10,000 square-foot, duplex is expected to be the 141st and 142nd floors of Santiago Calatrava's 2,000 foot-tall lake shore skyscraper.

The penthouse was listed at $40 million, but it's unclear how much the reclusive local billionaire actually paid.

A spokeswoman for the developer told WGN that the Spire's foundation is finished and the building will begin rising when the economy improves. They still expect to complete the building by 2012.