‘Next Level:’ Citadel Move To Miami Is ‘The Biggest Thing That I Have Seen In 58 Years,’ Developer Says

The announcement last week that Citadel was relocating its headquarters to Miami is the biggest for the city in decades, a developer said.

“This is the biggest thing that I have seen in my 58 years of living in South Florida,” said Todd Michael Glaser, writing on Instagram.

“What this is going to do for the city and its reputation is bring it to the next level,” Glaser added.

Glaser is a prolific developer of luxury single-family homes in the area, and also co-developed the Zaha-Hadid-designed 1000 Museum tower in downtown Miami.

In addition to relocating its headquarters here, Citadel announced plans to co-develop an office tower in Brickell.

Citadel’s move has increased pressure on politicians in Illinois, according to reports there.

Citadel founder Ken Griffin, who is moving to Miami, was the richest man in the entire state.

Griffin paid over $200 million per year in income tax to Illinois, a spokesperson told the Washington Free Beacon. Citadel employees paid over $1 billion to the state over the last decade.

 

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Anonymous
1 month ago

Hopefully more will follow. Miami is growing so rapidly, it’s so exciting!

AnonymAss
1 month ago

v$ry $xciting

Qtip
1 month ago

This is so huge….it could be the end of south FL brain drain. Citadel hires mostly PhDs and other advanced STEM degrees majors, like this is no shit huge for the city.

Anonymous
1 month ago

One company will not solve brain drain. And also they’re most likely relocating their employees

Anonymous
1 month ago

Hence the OP saying “hopefully more will follow.”

Checo
1 month ago

The brain drain ended at least 5 years ago.
More people with advanced college degrees are moving into Miami instead of out, and this has been the case for a long time.

Anonymous
1 month ago

That may be true for advanced degrees in finance and IT, but not for science and engineering. The brightest high school kids in those fields study elsewhere and end up working mostly out of state.

Jesus
1 month ago

A message to the politicians in Illinois and others that follow their public policies: keep it up. You’re doing great. Don’t listen to the haters. Let them leave and you can enjoy whatever utopia you’re trying to create 😉

Anonymous
1 month ago

Just leave the woke policies in Waukegan.

Anonymous
1 month ago

He was the biggest republican donor in the state of IL

Checo
1 month ago

And, the biggest individual donor to Chicago charities.

Anonymous
1 month ago

lol at Illinois. You never mess with the hand that feeds you and they found out the hard way

Anonymous
1 month ago

Kenny G will take a boat from Star Island, and pull up to his office at Brickell Bay. NOT bad, Kenny G.

Anonymous
1 month ago

*Yacht

Anonymous
1 month ago

*submarine

Anonymous
1 month ago

Helicopter

Anonymous
1 month ago

This should also be a message to the politicians in miami. We need the infrastructure to support the growth of the city!!!

Checo
1 month ago

“WE NEED” infrastructure to support….

Wait…these people who are voting with the feet and voting with their dollars all seem to think that Miami has perfectly fine infrastructure relative to their other options.

This is another article about relocation and STILL, some people do not get the fact that Miami is great and getting better everyday.

Anonymous
1 month ago

We needed the infrastructure years ago, but having a more stable tax base will hopefully mean greater oversight and accountability with what the city does with the money, and more importantly when it comes to certain projects (i.e., Metrorail expansions), county.

Anonymous
1 month ago

Two or more things can be true at once. Miami is a phenomenal city with horrific infrastructure (see Brickell flooding, or a major highway with an exit to a stoplight next to a constantly operating drawbridge), aggravating traffic, and inadequate transit options. Those who love the city want it to be better is all.

Sound infrastructure should be a basic obligation for a city of this caliber and we should all demand better as people dumping money into the place.

Anonymous
1 month ago

Miami whales migrating

Melo is sigma and chad
1 month ago

But where will the office tower be in Brickell. Will they just lease floors for swire’s upcoming One BCC tower ?

Anonymous
1 month ago

seems like they will develope on that last empty waterfront lot. Will prob have a lease in another nearby building while they develop

Anonymous
1 month ago

I hope they do develop that lot, it’s an eyesore in an otherwise mature neighborhood. But unless someone knows more, it’s just speculation at this point based on them using the words “on Brickell Bay.”

Anon
1 month ago

No its not. An LLC bought that lot months ago. Guess where the LLC was based out of? Chicago.

AnonymAss
1 month ago

I would love to see Big Pharma move in, that’s where the money’s at!

Anonymous
1 month ago

Keep your LFAA comments out of this site! (Let’s F–k America Again)

Anonymous
1 month ago

Who are the “they” you’re talking about? If parents don’t want to get their kid(s) vaccinated, then that’s they’re prerogative.

Anonymous
1 month ago

They are relocating manufacturing to Puerto Rico due to supply problems during the pandemic. Thankfully. Though wouldn’t be surprised if some aspects relocate to Miami also. Good call.

Adrian
1 month ago

I mean we’ll see

Paranoid Android
1 month ago

Meanwhile, Kellogg’s and McDonald’s chose to move their HQ to Chicago.

LOL
1 month ago

McDonald’s moved 5 years ago! And now they regret it.

Anonymous
1 month ago

McDonald’s has always been in Chicago, or at least the Chicago area. Oak Brook wasn’t any better either. Chicago is doing fine within the confines of The Loop and upper lakefront areas, as NYC is within Manhattan and parts of Brooklyn, for now…

Kellogg is splitting up, and only the successor snacks company is moving to Chicago within an existing Kellogg office. The cereal division will remain in Battle Creek. As for the plant-based food company? Who cares… After losing so much money investing in soy crap nobody eats, why do you think they’re splitting up?

Sue
1 month ago

Hello Anonymous, NYC is doing well in the other boroughs to (some parts of Bronx iffy). You don’t know what you’re talking about. I’ve been in NYC for 57 years and know what crime really looks like.

Anonymous
1 month ago

I really do hope this will happen. At the very least, It’d be great for Miami’s rep. But, like I said in another post, we’ll see.

Costar Corey
1 month ago

The original renderings at 1201 Brickell bay were for a 1.8M SF dual tower. Citadel wont take any more than 500K SF to start. Plenty of space for additional flagship tenants to also call home!

g7y
1 month ago

Thank you DeSantis