{"id":363359,"date":"2026-08-05T12:40:34","date_gmt":"2026-08-05T12:40:34","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/363359\/"},"modified":"2026-08-05T12:40:34","modified_gmt":"2026-08-05T12:40:34","slug":"ken-griffin-snapped-up-an-entire-miami-apartment-building","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/363359\/","title":{"rendered":"Ken Griffin Snapped Up an Entire Miami Apartment Building"},"content":{"rendered":"

\n\tKen Griffin has made some of the biggest real estate<\/a> deals in the United States, amassing a\u00a0property portfolio<\/a>\u00a0valued at more than $1.5 billion. His latest acquisition, however, may be his most audacious yet.<\/p>\n

\n\tOver the past three years, the billionaire founder of Citadel quietly bought every one of the 138 condos\u2014along with the ground-floor retail spaces\u2014that make up Solaris, a 22-story tower in Miami<\/a>\u2018s Brickell neighborhood. According to\u00a0Bloomberg<\/a>, Griffin used a network of anonymous LLCs to assemble the roughly $125 million deal one apartment at a time, ultimately securing one of the last remaining sites needed to expand his hedge fund\u2019s Miami headquarters.<\/p>\n

\n\tThe building will be demolished to make way for the next phase of Griffin\u2019s massive development, including a 54-story skyscraper for Citadel, a 300-unit apartment building, a 1,420-space parking garage, and additional office space\u2014further cementing the billionaire\u2019s long-term bet on Miami.\u00a0<\/p>\n

\t\t\t\t\t\t\"ken<\/p>\n

\t\t\t\t\tThe Miami site where Griffin is developing a 54-story tower that will serve as the Citadel HQ.<\/p>\n

\t\t\t\t\t\t\t\t\tJoe Raedle\/Getty Images<\/p>\n

\n\tBuying out the building wasn\u2019t easy. Bloomberg reports Griffin\u2019s team spent years negotiating with individual owners, repeatedly raising its offers and even letting some residents stay in their apartments temporarily through below-market leaseback agreements. As word spread that a mystery buyer was quietly snapping up units, some of the last holdouts reportedly walked away with seven-figure payouts, while earlier sellers later said they wished they\u2019d held out longer.<\/p>\n

\n\tEven after buying the entire building, Griffin still needed one final piece of the puzzle: a city-owned historic cottage that once served as the office of Miami\u2019s first physician. That hurdle disappeared last month when Miami commissioners\u00a0reportedly approved the sale<\/a>\u00a0of the property to a Griffin-affiliated entity. As part of the deal, Griffin agreed to pay for the preservation and relocation of the century-old building while working with the Dade Heritage Trust on its future.<\/p>\n

\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\tFeatured Listing\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\tLuxury Custom-Built Log Home on Long Lake, Maine\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\tBridgton, ME\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

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\t\t\t\t\t\t\t<\/a><\/p>\n

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\t\t\t\t\t\t\t\t\t\t\t1084 Wade Pasture Road | Luxury No Reserve Auction\t\t\t\t\t\t\t\t\t\t<\/p>\n

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\t\t\t\t\t\t\t<\/a><\/p>\n

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\t\t\t\t\t\t\t\t\t\t\tWaterfall Villa \u2013 The Ultra-Luxury Residence of Kamala in Phuket, Thailand\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\tKamala, Thailand\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t$13,900,000 USD\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t<\/a><\/p>\n

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\t\t\t\t\t\t\t\t\t\t\tExtraordinary Waterfront Estate on Long Lake, Maine\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\tHarrison, ME\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\tPrice Upon Request\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t<\/a><\/p>\n

\t\t\t\t\t\t\t<\/p>\n

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\t\t\t\t\t\t\t\t\t\t\tFeatured Listing\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\tThe Pinnacle of Lake Sherwood Living\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\tLake Sherwood, CA\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t$19,900,000 USD\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t<\/a><\/p>\n

\n\tSince relocating Citadel from Chicago in 2022, the notoriously intense investor has poured more than $1 billion into South Florida<\/a> real estate, repeatedly arguing that the city is poised to become a major financial hub.<\/p>\n

\n\tThe Solaris deal follows a familiar Griffin playbook. Rather than simply buying a marquee home, he often spends years assembling neighboring properties into much larger estates and development sites. From Palm Beach and Miami\u2019s Star Island to Aspen, Southampton, Hawaii, London, and Saint-Tropez, the billionaire has repeated the same formula\u2014one that a growing number of ultra-high-net-worth individuals are now embracing<\/a>: assembling neighboring properties into ever-larger holdings.<\/p>\n

\tAuthors<\/p>\n

\t\t\t\"Abby<\/p>\n

\n\t\tAbby Montanez\n\t\t\t<\/p>\n

Abigail Montanez is a staff writer at Robb Report. She has worked in both print and digital publishing for over half a decade, covering everything from real estate, entertainment, dining, travel to\u2026<\/p>\n

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\n\t\t\t\tRead More\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Ken Griffin has made some of the biggest real estate deals in the United States, amassing a\u00a0property portfolio\u00a0valued…\n","protected":false},"author":2,"featured_media":363360,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[28,123,125,124,115,480,807],"class_list":["post-363359","post","type-post","status-publish","format-standard","has-post-thumbnail","category-miami","tag-florida","tag-miami","tag-miami-headlines","tag-miami-news","tag-news","tag-real-estate","tag-south-florida"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/363359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=363359"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/363359\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/363360"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=363359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=363359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=363359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}