{"id":257078,"date":"2024-08-27T01:00:30","date_gmt":"2024-08-27T01:00:30","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/08\/27\/ken-griffins-citadel-to-break-ground-on-1-billion-miami-skyscraper-for-new-hq\/"},"modified":"2025-06-25T17:11:47","modified_gmt":"2025-06-25T17:11:47","slug":"ken-griffins-citadel-to-break-ground-on-1-billion-miami-skyscraper-for-new-hq","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/08\/27\/ken-griffins-citadel-to-break-ground-on-1-billion-miami-skyscraper-for-new-hq\/","title":{"rendered":"Ken Griffin’s Citadel to break ground on $1 billion Miami skyscraper for new HQ"},"content":{"rendered":"

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Ken Griffin is expecting to break ground next year on a 54-story tower in Miami that will serve as headquarters of his Citadel financial empire, enlisting a Philadelphia developer as a consultant on the project.<\/p>\n

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The proposed building at 1201 Brickell Bay Drive will have 1.7 million square feet, combining offices and a roughly 413,000-square-foot hotel on the upper floors, according to plans filed with Miami-Dade County on Monday. The waterfront project is expected to break ground in the third quarter of 2025, a spokesperson for Griffin said.\u00a0<\/p>\n

The billionaire founder of hedge fund Citadel and market maker Citadel Securities first proposed the project in 2022, with its cost estimated to be more than $1 billion. That same year, Griffin relocated his family and his businesses to Miami after leaving his longtime home in Chicago. His firms will serve as anchor tenants for the new tower.<\/p>\n

The building, set to be one the city\u2019s tallest, will \u201credefine the Miami skyline,\u201d the spokesperson said, adding that it will bolster Miami\u2019s reputation as a \u201cdestination for talented professionals and their families, businesses and culture.\u201d\u00a0<\/p>\n

Griffin, 55, has tapped Philadelphia-based Gattuso Development Partners to consult on the project, the filings show. The firm\u2019s co-founder, John Gattuso, has worked on multiple\u00a0projects<\/a>\u00a0with Comcast<\/a> Corp. Griffin previously\u00a0dropped<\/a>\u00a0Chicago-based Sterling Bay from the project.<\/p>\n

Foster + Partners is handling the design for the Miami tower, which will also include retail and waterfront restaurant space, according to the filings, as well as a public pedestrian path along the water.<\/p>\n<\/div>\n

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