Billionaire Ken Griffin Submits Site Plan For Mixed-Use Miami Supertall

Billionaire Ken Griffin is moving forward with plans to develop a $1 billion-plus mixed-use tower in Miami’s Brickell Financial District.

Griffin’s attorney, Neisen Kasdin, this week submitted a pre-application for the sites at 1201 Brickell Bay Drive, 1221 Brickell Avenue and 1250-1260 Brickell Bay Drive. Griffin, founder and CEO of his hedge fund Citadel and owner of Citadel Securities, will move both companies’ headquarters to the new project.

Griffin plans a new tower at 1201 Brickell Bay Drive with office space, a luxury hotel, retail, food and beverage and parking. The development would be built under Miami-Dade County’s rapid transit zoning regulations, according to the application. The sites are part of a Metromover subzone added in 2022 and 2023.

According to a preliminary site plan, residential units could be added to the existing office building at 1221 Brickell Bay Drive.

Norman Foster’s London-based architecture firm Foster + Partners is the architect. Philadelphia-based Gattuso Development Partners, an office developer led by John Gattuso, is also working on the project. Griffin parted ways with Chicago-based Sterling Bay as the co-developer last year.

Source: The Real Deal