Billionaire Who Moved His Company To Miami Says The Optimism Here Is ‘Palpable’

Citadel founder and CEO Ken Griffin, who recently announced he was moving himself and his company to Miami, has revealed what attracted him to the area.

“The optimism about the future of the city, the state and the country is palpable” in Florida, Griffin told the Chicago Tribune. “It is so refreshing to experience that. I have no words for it.”

“The other great thing is, you never sit down and talk about crime.”

The interview came just days after the Tribune published an editorial questioning why companies were choosing to move to Miami instead of Chicago.

According to CNBC, Griffin and his company have spent over $1 billion on real estate in the area, including on Star Island and Brickell. There will be a significant amount of additional investment to develop those properties.

Relocating Citadel employees are also already bidding up properties in the area.

A broker told CNBC that others are now expected to follow Citadel’s lead. Big companies are already calling and inquiring about moving to Miami following the Citadel announcement, which is creating a herd mentality, the broker said.

 

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Anonymous
1 month ago

The tax savings are palpable too. I moved from LA to Miami a few months back and I’m loving it as much as my bank account is!

Tropics
1 month ago

No In & Out burger kinda sucks no Del Taco either

Anonymous
1 month ago

I eat at real restaurants, not fast food.

Anonymous
1 month ago

there’s nothing wrong with tasty fast food lol

Anonymous
1 month ago

Restaurant chain’s in general suck

OG Local
1 month ago

In & Out is delicious, but I’ll take a good cuban sandwich anyday… 😉

Anonymous
1 month ago

Having ocean water that is turquoise and warmer than 67 degrees sure is nice.

Anonymous
1 month ago

No Whitecastle either, but when it comes to fleeing New Jersey for Florida, IDK… it sounds like the pros outweigh the cons.

JediWebSurf
1 month ago

We have a Royal Castle which sells the same food as White Castle on NW 27th ave and 79th st.

anon anon
1 month ago

oh cool! another cheapskate

Muhammad
1 month ago

Welcome to My Hometown, Miami

Miami Winning!
1 month ago

Mr. Griffen,
Thank you for your kind words and investment into our beautiful City.

Lilly of the Valley
1 month ago

And Major Lori to made him leave Chicago 🤗

Anonymous
1 month ago

Lol @ everyone praising KG like he’s the second coming of Jesus. Everyone neglects to realize this guy, his peers, and employees are just going to drive out everyone else. Local investment is great, and Blackstone opening their office a while back is a great example of some higher salaries that come with it. But at the end of the day, BX HQ is still in NYC. Their space here is equivalent to a broom closet in NYC. Their NY people use the Miami office just like BlackRock’s upcoming “snowbird” office in WPB.

Lets not kid ourselves. Citadel rainmakers aren’t going to be FIU grads. All of these guys will continue to bus down their Ivy-league employees who will just continue to drive up housing prices and private school demand/tuition will enjoying the tax benefits. I genuinely don’t understand how locals fail to see this inevitability.

Anonymous
1 month ago

So true!! The locals need to wake up! I think the ones who are praising all these people are transplants themselves and want to see Miami changed to their liking.

s30
1 month ago

not even them… its the brokers… benjamins baby $$$$

Anne A.
1 month ago

“The other great thing is, you never sit down and talk about crime.”

Wait till some hooker steals his Rolex.

Market Urbanist
1 month ago

Lol

Muhammad
1 month ago

That’s Awesome we need more companies moving 2 Miami, job’s, job’s, job’s

Anonymous
1 month ago

Lol @ thinking Citadel is hiring any locals for anything other than back-office functions. Local investment is great, but lets not kid ourselves. Citadel rainmakers arent going to be FIU grads. Meanwhile his ivy-league employees will gladly continue moving down, driving up housing prices, private school demand/tuition for their kids, etc. I genuinely don’t understand how locals fail to realize this.

Lord Humongous
1 month ago

do you know how many consultants they employ? they’re the great white shark and there’s a litany of smaller fish that thrive on their operating expenses. Lawyers, accountants, consultants, realtors, construction, building staff, restaurants, clubs. KG is a walking economic flywheel, thousands of residents and yes, that includes buckets of homegrown locals, will greatly benefit from this move. Miami on the map with the Tier 1’s now. Up Only

LKofEnglish
1 month ago

Chicago has massively overbuilt way beyond anything New York City in the 1980s and worse still without proper public transit let alone being a Lifestyle Destination. Don’t get me wrong there is a lot to love about Chi-town but by way of example with all those Democrats yet no high speed rail heading West total epic fail whereas Florida despite technically being an *”out of power State”* politically has really hit the ground running with I-4 Ultimate, Brightline, Orlando Airport expansion, NASA, SpaceX, Blue Origin, St. Augustine… definitely very much selling *NOT* same old same old which has been true going on forever and now that’s starting to *proof out* as the buyers keep rolling in. In the Old Days Big Money would always head off to Italy but World War I changed all that and Florida has never looked back ever since then really but particularly so starting in the 1950s.

Anonymous
1 month ago

wtf?

Scott Chamberlin-former classmate
1 month ago

Welcome back Ken!

Randy Guttman
1 month ago

S Florida construction

RG
1 month ago

S Florida is great for 3-4 months out of the year. Anyone who is anyone has a place in Miami or Palm Beach however those same people have a place up north usually in Manhattan as well as the Hamptons , as no one who is anyone is in S Florida all year. The killer sun as well as Humidity and daily monsoons makes it unbearable for anyone especially those that have the means to a different location and no New York especially Long Island and upstate does not get that heat , do get over your Miami is the future as it always was a place to use when it’s cold where it makes a difference.

The Beyoncé of downtown
1 month ago

Stay where your at and to the people who just moved here i hope you all get robbed. Go back to where you came from losers.

Anonymous
1 month ago

So I guess that goes for people in your family to?

Anonymous
1 month ago

LOL. These people really need to get their head out of the sand.

Anon
1 month ago

for real the sense of delusion is palpable