Ken Griffin Of Citadel Acquires 30 Acre Development Site In Wynwood Miami For $1.1B

The property asset involved in this transaction is a 30-acre development site located at 318 Northwest 23rd Street in Wynwood, Miami, FL. The sale was executed for a total price of $1,100,000,000, marking it as one of the largest land assemblage sales in South Florida.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,100,000,000
• Buyer: Ken Griffin
• Seller: Moishe Mana
• Market: Wynwood, Miami, FL
• Acres: 30

Ken Griffin, CEO of Citadel, is set to utilize the acquired site to develop a planned Carnegie Mellon University campus, which is expected to accommodate over 3,500 students. Moishe Mana, representing Mana Common, was the seller in this significant transaction, which is expected to advance research in health, national security, climate resilience, and advanced manufacturing after its anticipated construction beginning in 2027.