Located at 3101 Grand Avenue, Ziggurat will feature a five-story, 100,000-square-foot Class A office building and an 18-unit luxury condo building, along with roughly 45,000 square feet of ground-floor retail.
Bringing an expansive lineup of creativity across the city, signature art fairs are making a major return for Art Basel and Miami Art Week.
Despite signing the record-breaking lease last year, the bank never moved into the space and any interior build-out was left unfinished. The bank’s signage still remains on the building’s exterior.
The proposed skyscraper, located along Biscayne Bay, would become Citadel’s new global headquarters and include additional office space, a hotel, and other mixed-use components. It is one of Griffin’s largest investments since relocating his business operations from Chicago to South Florida.
The company plans to invest more than $100 million in restoring the property.
ONE Sotheby’s International Realty will handle the sale through an online auction starting December 3, with a live bidding event in New York on December 17.
Despite the pullback, interest from Latin American and domestic buyers continues to fuel the region’s luxury sector.
After months of trying to sell the property with no success, county commissioners just voted to put the courthouse up for auction sometime next year. Officials had pitched the historic building as a prime opportunity for redevelopment — a potential mix of apartments, hotel rooms, and office space.
Miami real estate circles have been buzzing about what some are calling the “Mamdani Effect.” Miami brokers report that inquiries from New Yorkers have risen as clients worry about potential tax hikes and a less business-friendly environment under a Mamdani administration.
Mamdani’s platform includes a proposed 2% tax increase on New York City’s top 1% of earners — those making over $1 million annually — to fund initiatives such as rent freezes, free public buses, and city-owned grocery stores. The candidate has also stated that “billionaires should not exist.”