Citadel

FAA Permits Submitted for 1,046-Foot Supertall Tower at 1201 Brickell Bay Drive in Brickell, Miami

8:00 am on November 9, 2024 By Oscar Nunez

Permits have been submitted to the Federal Aviation Administration (FAA) for work on a supertall tower at 1201 Brickell Bay Drive in Brickell, intended to house Citadel’s new headquarters. According to the FAA application, the proposed building would rise to 1,046 feet above ground, or 1,049 feet above sea level, securing its place among the city’s tallest planned structures. The financial giant acquired the 2.5-acre development site, bound by SE 12th Street in the north and Biscayne Bay on the east, in a $363 million transaction in April 2022, marking one of Miami’s largest real estate deals.

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Citadel Leases 90,000 Square Feet Across Six Floors At 830 Brickell In Miami’s Financial District

8:00 am on August 10, 2022 By Oscar Nunez

Ken Griffin’s Citadel, a multinational hedge fund and financial services firm, signed the largest office lease to date at the under construction 830 Brickell, a 55-story Class A-Plus office tower that just recently topped off in Miami’s Brickell Financial District. The firm is taking up 90,000 square feet of space across six floors at the 724-foot-tall tower, which is designed by Adrian Smith + Gordon Gil Architecture with interiors by Iosa Ghini Associati and developed by Vlad Doronin’s OKO Group and Jonathan Goldstein’s Cain International. Construction is expected to complete later this year, anticipated to yield nearly 640,000 square feet of space. Civic Construction is managing construction with Ant Yapi.

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Citadel Revealed As Buyer Of 2.5-Acre Development Site At 1201 Brickell Bay Drive In Miami

8:00 am on July 6, 2022 By Oscar Nunez

The buyer behind the last remaining prime water front development site in Brickell, 1201 Brickell Bay Drive, has been revealed to be Citadel, a multinational hedge fund and asset management company led by CEO Ken Griffin. The 2.5-acre site sold for a record-breaking $363 million back in April 2022, but the buyer’s identity was hidden behind a Chicago-based limited liability company. Miami-Dade County property records now show the site was sold by TWJ 1201 LLC, an entity linked to Tibor Hollo’s Florida East Coast Realty (FECR), to 1201 Brickell Bay LLC. Hollo paid $15,500,000 for the site nearly 22 years ago, yielding an approximate 2300% profit.

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