Ken Griffin Of Citadel Acquires 4.2 Acre Development Site In Miami For Redevelopment

The asset involved in this transaction is a development site located at 186 Southeast 12th Terrace in Miami, FL, covering an area of 4.2 acres. The site will be redeveloped into a 54-story Citadel headquarters complex, which is set to include 300 apartments and a garage with over 1,400 parking spaces.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: Not specified
• Address: 186 Southeast 12th Terrace
• Market: Miami, FL
• Acres: 4.2
• Buyer: Ken Griffin
• Company: Citadel

Ken Griffin, the founder of Citadel, has completed a significant acquisition involving the entirety of Solaris at Brickell Bay. This move follows a two-year strategy that facilitates the demolishment of the existing 22-story tower, aligning with Griffin's plans for consolidating development activities in the Brickell Bay area.