Ken Griffin expects to start construction next 12 months on a 54-story tower in Miami that can serve because the headquarters for his Citadel financial empire. He has hired a Philadelphia-based developer as a consultant for the project.
The proposed constructing at 1201 Brickell Bay Drive might be 1.7 million square feet and can mix offices on the upper floors and a roughly 413,000-square-foot hotel, in response to plans filed with Miami-Dade County on Monday. The waterfront project is predicted to interrupt ground within the third quarter of 2025, a Griffin spokesman said.
The billionaire founding father of hedge fund Citadel and market maker Citadel Securities first proposed the project in 2022, with an estimated cost of over $1 billion. That same 12 months, Griffin moved his family and businesses to Miami after leaving his longtime home in Chicago. His corporations will function anchor tenants for the brand new tower.
The constructing, which might be certainly one of the tallest in town, will “redefine the Miami skyline,” the spokesman said, adding that it’s going to enhance Miami’s popularity as a “destination for talented professionals and their families, businesses and culture.”
Griffin, 55, has hired Philadelphia-based Gattuso Development Partners as a consultant on the project, documents show. The firm’s co-founder, John Gattuso, has worked on several Projects at Comcast Corp. Griffin previously dropped Chicago-based Sterling Bay is involved within the project.
Foster + Partners is chargeable for the design of the Miami Tower, which, in response to documents, can even include waterfront retail and restaurant space and a public pedestrian walkway along the water.
