Developer Of Citadel HQ Tower: ‘We’re Moving As Fast As We Can’

The developer working on the Brickell headquarters tower for Ken Griffin’s Citadel has revealed new details about the project in an interview with Commercial Observer.

Andy Gloor is the CEO of developer Sterling Bay, which is working with Citadel on the potential supertower.

Gloor told the website that his company was moving “as fast as we can,” on the project.

However, “there’s a lot to do” since “it will be a significant sized building,” so an estimated completion date for the tower was not yet known by Gloor.

When asked whether it will be connected to the nearby 1221 Brickell office building (also reportedly purchased by Citadel, Gloor said the new tower “stands on its own.”

The Miami market is continuing to see strong demand for top office space. Sterling Bay’s recently built 545 Wyn office building in Wynwood is expected to reach fully leased at the end of the first or second quarter, Gloor said.

Here’s what Citadel Billionaire Griffin said about the new Brickell headquarters complex in September:

  • It is estimated to cost $1 billion
  • The tower height could exceed 1,000 feet
  • He wants to build retail and restaurants on the ground floor to bring foot traffic, similar to Brickell City Centre
  • A helipad, marina, and windows that open to Biscayne Bay are planned
  • It will be “iconic,” he said: “If it takes longer to fill the building, so be it. It’s more important to me to create the right environment to draw human capital that drives Citadel”
  • Griffin plans to personally pitch some of the most valuable US companies, including Apple, to fill the new tower
  • A computer science program could also be in the new complex, in partnership with a local university
  • Completion is expected in 5 or 6 years
  • Citadel’s Miami headcount is expected to reach 1,500 in 10 years

 

 

40 Comments
most voted
newest oldest
Inline Feedbacks
View all comments
Anonymous
1 month ago

Ken is clearly all in for the long term and will undoubtably add immense value to the city overall. Thank you Ken for investing in Miami! You will not regret it!

Anonymous
1 month ago

https://www.miamiherald.com/news/health-care/article271838067.html

Looks like he just donated 25m to the Jack Nicholas children’s hospital

Brickell Loves Boutiques
1 month ago

Wonderful to see so much investment in Brickell! People are paying millions for condos in boutique boutique buildings close to these awesome supertalls. Some would pay more to not live up so high but be close to the action. The Brickell blocks around Southside Park would be perfect for new luxury boutiques near the supertalls.

Anonymous
1 month ago

“financial terrorist”….that’s the slogan you picked up at your last Bernie Sanders rally

Anonymous
1 month ago

This will end up being a bigger win than the overhyped Amazon 2nd headquarters hunt would’ve been.

Anonymous
1 month ago

and with far less tax dollar handouts

Anonymous
1 month ago

It looks like this tower will be built.
One Brickell City Center is also planned. These two towers, and the one under construction will more than double the existing Brickell office inventory. I do not think that the area will be able to absorb so much construction.
It is doubtful that One BCC will be built any time soon.

AnOn
1 month ago

If this building is 50% pre leased with Citadel, I’m not sure Related can’t get some pre leasing as well and kick the project off. MORE MORE MORE!

Bruno
1 month ago

That is not true
2 new buildings will not “more than doule” the existing 20+ buildings’ space.

Anon
1 month ago

This will be be the most transformative development for Brickell/Downtown

Manhattan Meets Brickell
1 month ago

Hope Mr. Griffin invests in the blocks around the Underline and Brickell metro rail/mover station. I think it would enhances his plans for Brickell and MIA.

The numbered avenues east of I95 have limitless potential in the Brickell neighborhood. It’s the perfect spot for employees / executives to have a walkable lifestyle and walk or bike to the HQ.

We could drop the electric lines and create beautiful streetscapes. I love it now and not complaining, but I could see more people mesmerized if there was nice lighting with stone/block paved and landscaped streets and upgraded crosswalks.

Some of the East/West streets are on culdesacs and could be perfect for block fairs, too.

Shwing
1 month ago

Pretty sure he already donated to underline

Thank You Mr. Griffin
1 month ago

We appreciate this investment a lot. It’s working phenomenally and became a very safe vibrant area in only a year!

We should keep going and improve the areas around it. It’s so easy to get on I95 without traffic, yet walkable within Brickell. Many full time residents, including families and young professionals, walk along / across the Underline all day and night.

Brickell would love to see continued investment in the streetscapes and redevelopment of older buildings directly east of I95 to the Underline.

Bruno
1 month ago

Is this an 8th graders’ writing assignment?
If so, Mom and Dad should be aware….Johnny doesn’t comprehend, and Johnny can’t write.

1201 Brickell Bay Drive and surrounding areas has been safe for the 20+ years I’ve lived and worked in Brickell.

“Brickell would love to see continued investment”….which one? Mary passed away a long time go. Who is Brickell?

Johnny
1 month ago

Respectfully, I think you meant 1201 Brickell Bay Drive and surrounding areas (have*) been safe for the 20+ years I’ve lived and worked in Brickell.

YEET!
1 month ago

I am literally beyond excited for this project!!! Renderings and a breaking ground date can’t come soon enough!!

Anonymous
1 month ago

Thank You Mr. Griffin for your substantial investment and moving your hedge fund from crime infested and overtaxed Chicago to beautiful sunny Miami. We welcome you to our paradise and thank you for all you do for Miami and philanthropy.

Anon
1 month ago

I’m psyched for Ken Griffin’s money but it’s important to keep in mind there’s an insane concentration of extremely wealthy millionaires/billionaires in South Florida / Miami. I havn’t really noticed a ton of philanthropy outside of Adrienne Arscht, however (and maybe Beckham? Kinda?). Maybe I am wrong but it’d be nice to see a little giving back from others not just Ken

Bruno
1 month ago

Really? I have.
You are wrong.

Simply pay attention when you walk through the Miller School of Medicine. The Frost Museum or the Perez Art Museum Miami and put on your super Detective hat and special clue reading glasses.

Your special sgent super detective clue finding glasses will detect names in many of these institutions.

Of course, this suggestion is not an exercise for average people. Average and smarter than average would know and/or think about this and notice named benefactors in abundance.

“Maybe I am wrong but it’d be nice to see a little giving back from others not just Ken”

Again, you are wrong.
Do you want someone else to do the work for you and name all the philanthropists?

How about you get off of your ass and learn about Miami?
(On your own…or with friends..it is soooo easy. Lazy people with skulls full of mush take no action to understand. Above average people can identify historic statues and significant markers to the benevolent members of our community.)

Pay attention.

Anonymous
1 month ago

Good to hear about your plans for other people’s money. Now, how much money have you donated? If you don’t have money, then you have time. How much time?

Melo, the true giga Chad
1 month ago

This is the good side of capital1sm! He’s not just hoarding all his cash, but investing time and effort in making the US a better place. That computer science classroom is a genius idea!

Miami for the better
1 month ago

A great STEM programe is much needed in Miami, to attract top talents and to create a high skilled labor force. It needs grow out of the party and real estate economy.

Bruno
1 month ago

Have walked on any campus lately?
Individuals have donated money and resources all over Miami.

Congrats to the philanthropists!!
Shame on the lazy people who don’t recognize the significant contributions of great people.

Born Yesterday
1 month ago

When this building is complete it will be the most technologically advanced and highest quality office product in the USA if not the world.

calivalle
1 month ago

F.I.U. Is building a brand new mammoth engineering building..The internet of things.. @S.W.8 and S.W.107 AV

Anonymous
1 month ago

Is that in Miami? Why not a vertical campus in downtown…

Anon
1 month ago

Miami needs a college for civic government and urban planning.

Anonymous
1 month ago

Please don’t move fast on the design if it means hiring Arquitectonica or Kobi Karp, unless it’s a Sunny Isles Beach-tier product.

Shwing
1 month ago

He doesn’t need to cheat on permits he can hire whatever firm he wants and city gonna roll out the red carpet for them. Supposedly there’s a competition in the works.

Jim
1 month ago

He will have to get existing motorized slip rights transferred from other marinas to have a marina installed there.

Anonymous
1 month ago

“A computer science program could also be in the new complex, in partnership with a local university.” Doesn’t MDC already offer learning to code, so you can not get a job in an industry rife with desi H1B visa abuse, courtesy of Joey B?

Anon
1 month ago

Hopefully it’s with a top tier university like University of Miami, University of Florida, Harvard or Columbia.

Miami for the better
1 month ago

U Miami or U Florida is a not a top tier (nor mid-tier) by my book, especially for Computer Science.

Anon
1 month ago

Id rather send my kids there than an Ivy League school of miseducation.

Bruno
1 month ago

For sure!
Especially what MDC is doing with layered certificates.

Bruno
1 month ago

“In your book:” So what? Are you hiring?
I am.
Over the years we have recruited and hired from the Tibor Holo Institute of Real Estate. Our first hired is making over $250k before the 30th birthday.

Thanks Tibor, thanks FIU

Bruno
1 month ago

Ummm..
In response to the coherent thought part of that post…Yes. MDC offers a large arrangement of tech offerings.

Melo is sigma and chad
1 month ago

No renderings yet so show the product already

Anon
1 month ago

I don’t understand why I always see this comment. If the renders were released to the public they would be here. Very simple.

Anonymous
1 month ago

You should email Ken and tell him he’s gonna have to front some renders if he wants to be sigma and chad in your book.