Billionaire Ken Griffin Moves Forward with $1 Billion Mixed-Use Tower in Miami’s Brickell Financial District
Ken Griffin, the billionaire founder and CEO of Citadel and owner of Citadel Securities, is pushing ahead with ambitious plans to develop a $1 billion-plus mixed-use tower in Miami’s vibrant Brickell Financial District. This significant development marks a new chapter for both Citadel and the rapidly evolving Miami skyline.
This week, Griffin’s attorney, Neisen Kasdin, submitted a pre-application for three prominent sites located at 1201 Brickell Bay Drive, 1221 Brickell Avenue, and 1250-1260 Brickell Bay Drive. These sites will collectively host the new headquarters for Citadel and Citadel Securities, reflecting Griffin’s commitment to establishing a substantial presence in Miami.
The proposed tower at 1201 Brickell Bay Drive will feature a mix of office spaces, a luxury hotel, retail outlets, food and beverage venues, and ample parking. This development will be constructed under Miami-Dade County’s rapid transit zoning regulations, a testament to the city’s forward-thinking urban planning. The sites fall within a Metromover subzone added in recent years, enhancing their accessibility and appeal.
In addition to the new tower, preliminary site plans suggest that residential units may be integrated into the existing office building at 1221 Brickell Bay Drive. This blend of commercial and residential spaces is designed to create a dynamic, multi-functional environment in the heart of Brickell.
Griffin has enlisted the expertise of Norman Foster’s renowned London-based architecture firm, Foster + Partners, to bring this vision to life. Philadelphia-based Gattuso Development Partners, led by office developer John Gattuso, is also collaborating on the project.
The Brickell assemblage, spanning approximately 4.2 acres, was acquired by companies linked to Griffin and Citadel for nearly $670 million in 2022. The most notable transaction was the $363 million purchase of the 2.5-acre bayfront lot at 1201 Brickell Bay Drive from the Hollo family’s Florida East Coast Realty. This deal set a record price for the development site.
While the project’s future height will be restricted by Federal Aviation Administration regulations, capping buildings in Miami at 1,049 feet, the development is poised to make a significant impact on the city’s skyline.
Citadel has been steadily expanding its footprint in Miami. Recently, it increased its space at 830 Brickell to a total of approximately 130,000 square feet. Additionally, Citadel and Citadel Securities maintain a presence at the Southeast Financial Center in downtown Miami.
Ken Griffin has also been investing heavily in South Florida’s residential real estate market. He owns several waterfront properties in Miami, Miami Beach, and Palm Beach. The Daytona Beach native’s relocation from Chicago to South Florida includes plans to sell some of his residential properties in Chicago, where he originally built his business empire.
Fortune International Group Secures Pre-Development Loan for ORA by Casa Tua in Brickell
Fortune International Group, a prominent Miami-based developer, has made a bold move by acquiring a prime 46,373-square-foot site at 1210 Brickell Ave in the heart of Brickell. This acquisition is a crucial milestone for the ORA by Casa Tua project, further supported by a substantial $36,080,000 pre-development loan from Amerant Bank. The project, set to redefine luxury living in Miami, is now on track for its groundbreaking in 2025.
The site was purchased from Miami-based Patagonian Investment Internacional LLC, and the developer is now gearing up for the construction phase, with groundbreaking expected to commence in 2025.
ORA by Casa Tua is set to be a landmark development in Miami, standing at 77 stories and approximately 930 feet tall. The building, designed by Arquitectonica with interiors by m2atelier, will feature 533 fully furnished residences available for short-term rentals. This ambitious project aims to embody Miami’s dynamic and evolving spirit, establishing itself as a prime destination in the city.
The development will also include approximately 25,000 square feet dedicated to Casa Tua’s four new restaurant concepts. Additionally, it will feature creative workspaces with private office spaces, conference rooms, content creation rooms, bar lounges, and outdoor seating areas.
Edgardo Defortuna, President, CEO, and founder of Fortune International Group, expressed his excitement about the project: “The acquisition of the site and loan closing are principal steps that mark an exciting beginning for ORA by Casa Tua’s vision to take shape. We are eager for Miami’s community to sense the anticipation and witness the project come to life.”
ORA by Casa Tua promises a range of luxurious amenities, including a second pool on the 12th floor with a sun shelf, loungers, cabanas, a jacuzzi, a show kitchen, a private event space, and lush landscaping. Residents will also enjoy an entertainment lounge, a two-floor fitness and wellness center with a hammam and couples treatment rooms, and a unique three-story open sky garden.
The residences will range from 500-square-foot studios to 2,400-square-foot four-bedroom units, all fully furnished and ready for immediate listing as short-term, seasonal, or long-term rentals. These units will offer stunning panoramic views of Brickell, Biscayne Bay, and Coconut Grove, featuring ten-foot ceilings with floor-to-ceiling windows and curated window treatments. The Italian-designed kitchens will be equipped with top-tier appliances, and the Italian-designed baths will include imported fixtures. Additionally, the residences will be outfitted with smart home technology and spacious walk-in closets.
Casa Tua, founded by Miky and Leticia Grendene, opened its flagship Miami Beach location in 2001. It quickly became known as a welcoming place for friends, family, and guests from around the world to celebrate life. Pioneering the members club concept in Miami, Casa Tua blends art, entertainment, and fine dining with a signature Italian style. Over the years, it has expanded to Aspen and Paris, with a New York City location opening in 2023. The brand also launched Casa Tua Cucina in partnership with Richard Baker and Saks Fifth Avenue, an award-winning Italian open kitchen concept located in Miami’s Brickell City Centre.
ORA by Casa Tua is poised to add to this legacy, offering a unique blend of luxury living and innovative design that reflects the vibrant spirit of Miami. As the project progresses, it will undoubtedly become a cornerstone of the Brickell skyline and a testament to Fortune International Group’s vision and commitment to excellence.
848 Brickell: A New Landmark in Miami’s Financial District
Developers for 848 Brickell have taken a significant step towards reshaping Miami’s skyline with their latest project. Key International and Sterling Bay filed for FAA permits on June 27, 2024, for this 51-story Class A office and retail tower in Miami’s Brickell neighborhood. Designed by the renowned Skidmore, Owings & Merrill (SOM), the structure is set to reach an impressive height of 764 feet above ground, or 775 feet above mean sea level. As of now, the permit status is “work in progress.”
848 Brickell promises to be a major addition to Miami’s Financial District, providing over 750,000 square feet of premium office space and 7,500 square feet of ground-floor retail. Additionally, it will include on-site parking facilities for more than 1,000 vehicles. Catering to modern business needs, the tower will feature tech-enabled conference facilities, a luxury fitness center, an expansive outdoor terrace, padel tennis courts, and private open-air lounges.
Strategically located at 848 Brickell Avenue, the tower will offer stunning views of the ocean and Brickell Avenue. Its prime location ensures quick access to top dining, retail, and entertainment spots, making it a premier business hub in Miami.
Key International, under the leadership of Diego and Inigo Ardid, chose Sterling Bay for its expertise in developing world-class office spaces. Sterling Bay’s impressive portfolio includes creative office spaces for major corporations like Google and McDonald’s. This collaboration aims to create a next-generation workspace that meets the evolving needs of modern businesses and professionals in South Florida.
The FAA permit applications signify a major milestone for 848 Brickell, underscoring ongoing efforts to transform downtown Miami with new residential, commercial, and office projects. This development is poised to play a crucial role in the continued growth and modernization of the area.
Sales Launch for Domus Brickell Park Miami
We are thrilled to announce the launch of sales for Domus Brickell Park, the latest milestone in luxury condominium development brought to you by North Development—a joint venture between Miami developer Ricardo Dunin’s Oak Capital and Peru’s Edifica. This exciting project marks the second condominium under the Domus brand and showcases the unique FLATS concept (Flexible Apartments for Temporary Stays), designed to revolutionize urban living.
Situated in the heart of Miami’s prestigious Brickell financial corridor, Domus Brickell Park will rise 35 stories high, featuring 579 meticulously designed units. This prime location at 1034 SW 2nd Avenue places residents at the epicenter of vibrant city life, surrounded by major banks, corporate headquarters, trendy restaurants, shopping centers, and recreational venues.
Domus Brickell Park promises an exceptional living experience with an array of world-class amenities:
The Cypress Room: A luxurious 4,000-square-foot gathering space featuring a café, wine bar, and artisanal market with gourmet fare.
High-Touch Services: 24-hour concierge, valet attendants, and a dedicated customer service line.
Wellness and Recreation: A seventh-floor gym with an outdoor terrace, rooftop yoga deck, rooftop bar, pool, sky deck, cabanas with day beds, hot tub, and a lush garden lounge.
Technology and Convenience: The Domus FLATS App for seamless check-ins, room and elevator access, and more.
The FLATS concept, coined by Ricardo Dunin, is garnering praise for its innovative approach to short-term rental-friendly offerings, rooted in high-end hospitality. Domus Management, a bespoke management company created by Dunin, ensures that each property adheres to top-tier brand standards, providing a comprehensive, customer-centric experience.
The design team for Domus Brickell Park includes Studio Mc+G Architecture, known for their work on the iconic Delano South Beach hotel, and Urban Robot Associates, specialists in urban design, interiors, and landscape architecture. The building is a wellness-focused ‘green’ structure featuring ultraviolet (UV) water purification, air filtration systems, and EV charging stations.
Residents of Domus Brickell Park will enjoy unparalleled access to transportation, with the Brickell Metromover station just one block away. This connection links to the Miami Metrorail and the Brightline high-speed train, making travel to Orlando a breeze. The building’s location also offers stunning high-floor views of the cityscape and Biscayne Bay, and proximity to Southside Park, multiple greenspaces, and The Underline—a 10-mile linear park with numerous amenities.
Starting from the low $500,000’s to $1.5 million, Domus Brickell Park offers studio, one-, and two-bedroom FLATS featuring nine-foot ceilings, private balconies, keyless entry smart lock systems, premium appliances, and in-unit washers and dryers. This competitively priced property is poised to be a standout in the Brickell market.
Domus Brickell Park is slated for completion at the end of 2027, promising to be a landmark of luxury and innovation in Miami.
One Twenty Brickell Residences: A New Residential Tower in Miami
A foundation permit application has been filed for One Twenty Brickell Residences, a 34-story residential tower planned for construction at 120 Southwest 8th Street in Brickell, Miami. Designed by Sieger Suarez Architects with interiors by Cotofana Designs and developed by Property Markets Group (PMG), this new development will feature 240 fully furnished residences, each delivered with its own deeded office suite and over 60,000 square feet of amenities. The foundation permit application was filed with Miami-Dade County on April 30, with no contractor yet named.
One Twenty Brickell Residences will feature a range of studio to three-bedroom apartments, sized from 451 to 1,395 square feet. Each residence will boast fully integrated kitchens with custom countertops and backsplashes, contemporary under-mount sinks, and a high-end appliance package. Additional features include imported and custom kitchen and bathroom cabinetry by Italkraft, WaterWorks bathroom fixtures, glass-enclosed showers, and fully built-out closets in primary bedrooms. The flooring, selected with specifications recommended by Cotofana Designs, includes designer polymer wood and a contemporary lighting package. A built-in top-of-the-line washer and dryer enhance convenience, while PMG’s smart home technology offers efficient, seamless personalization at the touch of a button.
One Twenty Brickell Residences features a unique offering of private office suites, which are deeded individually to condo purchasers. Each office is enclosed with glass panels and equipped with a desk, chair, two guest chairs, a wallpaper accent wall, and complimentary Wi-Fi, providing a functional workspace for residents. Additional office amenities include concierge secretary service, dedicated elevators, a reception area, and a coffee station. For larger meetings, a conference room is available, featuring an eight-person conference table, a 72-inch smart TV with a mounted camera, a conference phone, and Wi-Fi access.
Extensive Amenities for Modern Living
Amenities at One Twenty Brickell Residences encompass over 60,000 square feet, including:
Pickleball court with courtside seating
Children’s club and gym
Sky bar and lounge
Cafe and juice bar
Infinity-edge pool offering sunset views
Dog run
Wellness and fitness center featuring steam rooms, saunas, treatment rooms, and relaxation area with outdoor terraces
Modern fitness studio with the latest equipment
Movement studio and yoga lawn
Additional services available to residents include a building and wellness concierge, comprehensive management of the property, and smart-building technology, all aimed at providing a seamless living experience. The complex is further enhanced by custom art installations, enriching the environment for those who live, work, and play there.
2200 Brickell Development Breaks Ground
Miami, renowned for its vibrant culture and stunning skyline, is set to welcome a new landmark with the groundbreaking ceremony of 2200 Brickell yesterday. This eagerly anticipated event marks the commencement of a visionary project that promises to redefine luxury living in the heart of the city.
Situated in the prestigious Brickell neighborhood, 2200 Brickell stands tall as a five-story development comprising 105 opulent condominiums. Crafted with meticulous attention to detail, these residences epitomize sophistication and exclusivity, offering a lifestyle reserved for the discerning few.
With prices starting at $1.2 million, the condos at 2200 Brickell present an unparalleled opportunity to indulge in the epitome of luxury living. From breathtaking views of the Miami skyline to unparalleled amenities, each aspect of this development is designed to exceed expectations and elevate the standard of upscale living.
Behind this ambitious venture stand the acclaimed Aria Development Group, Largo, and Place Projects. With a shared commitment to excellence and innovation, these developers bring a wealth of experience and expertise to the table, ensuring that 2200 Brickell emerges as a true masterpiece in Miami’s architectural landscape.
At the helm of the design is the renowned architectural firm Revuelta, renowned for its iconic creations that seamlessly blend form and function. Collaborating with Revuelta are the visionary minds at ODA New York, tasked with crafting interiors that exude sophistication and style, setting a new standard for luxury living in Miami.
As the ceremonial shovels hit the ground, anticipation fills the air for what lies ahead. With completion slated for 2026, 2200 Brickell promises to be more than just a residential development; it’s a symbol of Miami’s unwavering spirit of innovation and progress.
The groundbreaking ceremony of 2200 Brickell heralds the dawn of a new era in luxury living. From its meticulously designed residences to its prime location in the heart of Brickell, this development is poised to captivate discerning homeowners and redefine the very essence of upscale living in Miami. As construction progresses, the anticipation only grows, fueling excitement for the unveiling of this architectural marvel in 2026. Stay tuned as 2200 Brickell sets the benchmark for luxury living in the Magic City.
Unveiling One Twenty Brickell Residences: The Epitome of Luxury Living in Miami’s Brickell
Miami’s skyline is about to witness another marvel as PMG, a distinguished real estate development firm, unveils its latest project: One Twenty Brickell Residences. Nestled in the heart of Brickell at 120 S.W. 8th Street, this opulent 34-story residential tower is set to redefine luxury living in one of Miami’s most vibrant neighborhoods.
With a total of 240 fully finished and furnished residences, One Twenty Brickell Residences promises an unparalleled living experience. What sets this development apart is its innovative concept of providing each residence with a first-of-their-kind deeded office suite. This unique offering reflects PMG’s commitment to meeting the evolving needs of modern homeowners, who seek both residential comfort and functional workspaces within the same abode.
Ryan Shear, managing partner at PMG, describes Brickell as a dynamic neighborhood pulsating with energy and opportunities. He notes that One Twenty Brickell Residences not only caters to the desire for luxury living but also addresses the escalating demand for Class-A office spaces—a trend increasingly prevalent in today’s remote work culture.
The hallmark of One Twenty Brickell Residences is its exclusive collection of dedicated office suites, tailored to meet the professional requirements of residents. These glass-paneled private offices come equipped with essential amenities, including locking access, ergonomic furniture, high-speed Wi-Fi, concierge secretary service, and a fully equipped conference room.
Designed by the renowned Sieger Suarez Architects, with interiors curated by Cotofana Designs, each residence exudes sophistication and style. From studio to three-bedroom apartments, ranging from 451 to 1,395 square feet, every detail reflects meticulous attention to quality and craftsmanship. Fully-integrated kitchens, imported cabinetry, WaterWorks fixtures, designer flooring, and smart home technology ensure a seamless blend of luxury and functionality.
Spanning over 60,000 square feet, the amenities at One Twenty Brickell Residences elevate the concept of urban living to new heights. From recreational spaces like the pickleball court and kids’ club to wellness facilities including a spa, fitness center, and yoga lawn, residents are presented with a myriad of options for leisure and relaxation.
Moreover, the central location of One Twenty Brickell Residences places residents within reach of Brickell’s finest attractions, including Michelin-starred restaurants, upscale boutiques, and entertainment venues. With easy access to transportation hubs, residents can effortlessly explore the best that Miami has to offer, from downtown landmarks to the sun-kissed shores of South Beach.
PMG’s track record of excellence in luxury residential development spans over three decades, with projects totaling more than $11 billion in value. Notable endeavors include iconic properties like 111 West 57th Street in New York City and E11EVEN Hotel & Residences in Miami, showcasing PMG’s commitment to creating exceptional living spaces that stand the test of time.
As One Twenty Brickell Residences prepares to open sales in April, anticipation is building among discerning homebuyers eager to experience the epitome of luxury living in Miami’s thriving Brickell neighborhood.
St. Regis Residences Miami Construction Update
In the bustling heart of Brickell, a new architectural marvel is beginning to take shape. The Robert A.M. Stern Architects’ St. Regis Residences tower is poised to redefine luxury living in the city’s skyline. With recent developments and permits underway, it’s a project that has captured the attention of locals and enthusiasts alike.
A significant milestone was reached as a site work permit was applied for the St. Regis Residences tower. This marks the official commencement of preparations for construction, signaling the beginning of a transformative journey for the Brickell neighborhood.
Standing tall at an impressive 52 stories, the St. Regis tower promises to be a beacon of elegance and sophistication. Its sleek design, crafted by the renowned Robert A.M. Stern Architects, is set to elevate Miami’s architectural landscape to new heights.
Behind the scenes, Coastal Construction has been appointed as the contractor for this ambitious project. With their expertise and experience, Coastal is poised to ensure the successful realization of the St. Regis Residences tower.
The road to this point has been meticulously planned, with permits and approvals paving the way for progress. In January, a phased permit for full vertical construction was applied for, with ongoing reviews shaping the future of the tower. Back in August, the master permit for the new tower was also submitted, highlighting the meticulous planning that precedes such an endeavor.
Preparation for the tower’s ascent hasn’t been without its share of groundwork. In February, a total demolition permit was issued, signaling the start of a significant phase in the project. The BG Group has been tasked with the demolition, with a schedule spanning from February to July. Employing a wet method of demolition ensures a safe and efficient process, minimizing disruption to the surrounding area.
As the project progresses, details of the St. Regis Residences begin to emerge, offering a glimpse into its future allure. With 152 residential condo units planned, the tower is poised to become a coveted address in Brickell. Standing at 630 feet above ground, or 639 feet above sea level, the St. Regis Residences will offer unparalleled views and luxurious living spaces, redefining the skyline and setting a new standard for urban living in Miami.
With each permit issued and each milestone reached, the St. Regis Residences tower draws closer to becoming a reality. As construction progresses, anticipation mounts, promising a future where luxury and sophistication converge in the heart of Brickell.
Construction Update for Cipriani Residences Miami
In a cityscape that’s constantly reaching for the sky, the 80-story Cipriani Residences Miami construction site in Brickell has its eyes set on new heights, quite literally. Recent filings with the Federal Aviation Administration (FAA) have lifted the veil on the ambitious plans for the tower cranes that will oversee this monumental project.
According to the filing submitted just last week, the dimensions of these cranes are nothing short of awe-inspiring. The first crane is slated to ascend to a staggering 1000 feet above ground, equivalent to 1003 feet above sea level. Not to be outdone, its counterpart will soar to 980 feet above ground, or 983 feet above sea level.
These towering cranes serve as beacons of progress, symbolizing the monumental task at hand as the Cipriani Residences project takes shape. The groundbreaking ceremony, held just last month, marked a historic moment for Brickell, as it heralded the commencement of construction on what will be the tallest tower ever to grace its skyline.
Once completed, Cipriani Residences is set to stand proudly at a permanent height of 940 feet above ground, or 950 feet above sea level. Prior to breaking ground, the developer secured a hefty $600 million construction loan, underscoring the confidence in the project’s success and its potential to redefine luxury living in Brickell.
Yet, Cipriani Residences is not a solitary endeavor. It’s part of a larger vision for the area. Alongside the main tower, two additional structures are slated to rise, standing 50 and 60 stories tall. Together, these buildings will offer a total of 856 units, adding a new dimension to Brickell’s residential landscape with their focus on rental apartments.
With such grand plans come meticulous timelines. Completion of Cipriani Residences is projected for the year 2028, promising a new era for Brickell and setting a high bar for future developments in the city.
