Open in App
  • Local
  • U.S.
  • Election
  • Politics
  • Crime
  • Sports
  • Lifestyle
  • Education
  • Real Estate
  • Newsletter
  • New York Post

    Billionaire hedge fund titan Ken Griffin unveils plans for Citadel’s Miami HQ

    By Hannah Frishberg,

    8 hours ago

    https://img.particlenews.com/image.php?url=4Bkmdd_0vD9ke5n00

    A new glimmering glass tower is joining the Miami skyline.

    Renderings have been newly revealed of multinational hedge fund Citadel’s new 54-story headquarters, which is set to break ground next year, the Wall Street Journal first reported.

    Citadel’s founder, chief executive, and owner of the most expensive home in US history , the billionaire Ken Griffin, moved the company’s base from Chicago to Miami two years ago — motivated significantly by Florida’s corporate kindness and Chicago’s high crime rate.

    https://img.particlenews.com/image.php?url=1KJSNU_0vD9ke5n00
    The project is expected to cost over $1 billion. Foster + Partners

    Miami zoo celebrates first-ever hatching of threatened horned lizards

    https://img.particlenews.com/image.php?url=3pSFd9_0vD9ke5n00
    The development will include a rooftop hotel and two restaurants, among other features. Foster + Partners
    https://img.particlenews.com/image.php?url=3bsMFK_0vD9ke5n00
    The tower will measure in at 1.7 million square feet. Foster + Partners

    Griffin filed plans for the mixed-use Miami project — to be designed by Foster + Partners — on Monday, according to the Journal.

    Stunning Miami-area home dressed by Calvin Klein’s late interior designer lists for $15.5M

    Currently, Citadel operates out of a downtown Miami building less than a mile from its eventual new address.

    Once complete, the skyscraping, 1.7-million-square-foot development is set to include not only Citadel’s new headquarters — but also additional office space it will lease to tenants, a rooftop hotel, a public waterfront terrace, two restaurants and possibly a dock, so hotel and restaurant patrons can enter directly from Biscayne Bay.

    https://img.particlenews.com/image.php?url=2hRHMa_0vD9ke5n00
    The building will be 54 stories tall. Foster + Partners

    CLICK HERE TO SIGN UP FOR OUR MORNING REPORT NEWSLETTER

    https://img.particlenews.com/image.php?url=3oB5Vy_0vD9ke5n00
    Ken Griffin, Citadel CEO, on March 5, 2024. TNS

    The hotel will have a separate lobby from the offices, and Griffin reportedly has plans to connect the structure’s terrace to the city’s long in-the-works vision for a multi-mile waterfront trail called the Baywalk.

    As for the behemoth’s design, “The tower’s tapered form unifies its various functions, enhances structural efficiency, and creates an elegant marker on the Miami skyline,” Nigel Dancey, head of studio and senior executive partner at Foster + Partners, told The Post in a statement, adding that “An environmentally responsive facade draws on Florida’s vernacular architecture, with a louvered shading system to create a comfortable internal environment, while maximizing views out from this amazing location.”

    The project is not slated to be finished for a minimum of five years and still requires public approvals before it is formally greenlit.

    In all, it is anticipated to cost more than $1 billion and will be located on Brickell Bay Drive, according to the Real Deal .

    For top headlines, breaking news and more, visit nypost.com.

    Expand All
    Comments / 0
    Add a Comment
    YOU MAY ALSO LIKE
    Local Miami, FL newsLocal Miami, FL
    Most Popular newsMost Popular

    Comments / 0