Hedge fund billionaire expands Miami development plans after Mamdani feud

Hedge fund billionaire expands Miami development plans after Mamdani feud

Billionaire hedge fund CEO and owner Ken Griffin is making good on his promise to "double down" on Miami after publicly feuding with New York City Mayor Zohran Mamdani over New York's new tax on expensive second homes.Griffin, who runs hedge fund Citadel, plans to add a 300-unit apartment building and a 1,400+ space parking garage to the site of Citadel’s future headquarters in Miami’s financial district Brickell, recent filings show.Citadel als…

Ken Griffin Backs Up Miami Pledge With Major New Development Expansion After Mamdani Dispute

By: Julie Herndon Billionaire hedge fund titan Ken Griffin appears to be translating rhetoric into reality, significantly expanding his already ambitious development plans in Miami just weeks after becoming an unexpected focal point in New York City’s increasingly contentious debate over wealth taxation and economic competitiveness. According to a report on Thursday in The New York Post, the founder and chief executive of Citadel is moving forwa…

Citadel's Griffin expands Miami footprint

Ken Griffin is accelerating the build-out of his Miami real estate and office campus after a public dispute over tax policy in New York reignited focus on Citadel’s long-term presence in Florida, according to a report by Bloomberg. The founder of Citadel and Citadel Securities has revised plans for a major mixed-use development in Miami’s Brickell district, expanding the commercial component of a waterfront project that is set to anchor the firm…