Cushman & Wakefield- Sponsor of the Pulse Blog

Wall Street South?

Many financial companies have been eyeing Miami as a Wall Street of the south; perhaps the most visible being Citadel, a hedge fund that announced plans to relocate from Chicago two years ago. 

Now, while a large parcel of land still sits empty, The Wall Street Journal reports those plans are coming into focus. 

"The new headquarters is being designed by Foster + Partners, which aims to create one of the tallest towers in the city. (Billionaire fund owner Ken) Griffin is also planning a luxury hotel for the top of the building, according to renderings.”

“Ken Griffin has been the highest profile transplant to Miami since LeBron James,” said Nitin Motwani, managing partner of Merrimac Ventures and developer of Miami Worldcenter. “The resulting Citadel effect is attracting more businesses and wealth to Miami, driving pockets of the real-estate market and fueling philanthropic giving.”

"With the fate of its future headquarters still being worked out, Citadel hired Paul Darrah from 
Alphabet’s Google to head the company’s real-estate efforts as chief workplace officer. Darrah, who started last month, was instrumental in developing Google’s Manhattan corporate campus at St. John’s terminal.”

"The new CWO said he is preparing a temporary space for the firm inside 830 Brickell, a class A office building in downtown Miami that is under construction and delayed. The 130,000 square-foot space will take up six floors and will enable Darrah to experiment with what Citadel’s ultimate headquarters should look like, he said.”

Relocation Trending