{"id":44687,"date":"2025-11-13T03:10:23","date_gmt":"2025-11-13T03:10:23","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/44687\/"},"modified":"2025-11-13T03:10:23","modified_gmt":"2025-11-13T03:10:23","slug":"ken-griffin-is-building-a-private-superyacht-marina-in-miami","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/44687\/","title":{"rendered":"Ken Griffin Is Building a Private Superyacht Marina in Miami"},"content":{"rendered":"

\n\tCitadel Securities founder Ken Griffin is expanding his South Florida property holdings<\/a> with a private superyacht marina<\/a> on Miami Beach<\/a>\u2019s Terminal Island. The 3.7-acre property would have berth spaces for six superyachts, along with a resort-style club that includes pools, pickleball courts, gym, sauna and facilities for crew. Griffin would also have a private lounge and pool for marina guests. The complex would be located on the tip of Terminal Island, and the marina itself is designed at 30,000 square feet.<\/p>\n

\n\tNow one of the most powerful billionaires in South Florida, Griffin moved his Citadel hedge fund and Citadel Securities headquarters to Miami\u2019s Brickell area from Chicago in 2022. He plans to develop a $2.5 billion bayfront building for the firm\u2019s office, with a 212-room hotel, spa, and restaurants.<\/p>\n

\n\tThe marina complex is designed by BMA Architects and will include a gatehouse at the marina\u2019s entrance, a repair shop for boats, as well as an owner\u2019s pavilion with a large seating area and storage spaces. Terminal Island currently has a Florida Power & Light plant, a Miami Beach maintenance facility, and ferry terminals servicing nearby Fisher Island. \u201cKen is investing to improve an industrial section of Terminal Island, reflecting his long-term dedication to the city,\u201d said a statement from Citadel.<\/p>\n

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

\t\t\t\t\tThe private marina will be developed on an industrial island in Miami Beach. <\/p>\n

\t\t\t\t\t\t\t\t\tCourtesy BMA Architects<\/p>\n

\n\tGriffin, 56, owns the 308-foot superyacht Viva. Forbes ranks the founder as the 32nd wealthiest person in the world, with an estimated net worth of $50.6 billion. His South Florida portfolio includes Adrienne Arsht\u2019s $106.9 million Coconut Grove estate, multiple Star Island waterfront properties, and prime Palm Beach holdings.<\/p>\n

\n\tGriffin\u2019s yachts won\u2019t fit at the billionaire\u2019s Star City facility, so he decided to build the marina on deeper channels of the Port of Miami. \u201cThis is almost an extension of his residence, where his larger boats can be berthed,\u201d Griffin\u2019s lawyer, former Miami Beach Mayor Neisen Kasdin, said at the Miami Beach Planning Board meeting when he presented the plan, according to Forbes<\/a><\/p>\n

\n\tThe South Florida Business Journal<\/a> reports that Griffin\u2019s marina could host private events during Art Basel and the Formula One Miami Grand Prix. The planning board\u2019s members raised concerns about possible issues with noise and traffic, and added several caveats such as requiring consent from the U.S. Coast Guard for special events, before unanimously approving the plan.<\/p>\n

\tAuthors<\/p>\n

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

\t\tMichael Verdon<\/p>\n

Aviation and Marine Editor<\/p>\n

Michael Verdon is Robb Report’s Aviation and Marine Editor. Having been an editor at five national boating magazines, he has written about all sizes of boats. Verdon is also a lover of aircraft, from\u2026<\/p>\n

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\n\t\t\t\tRead More\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Citadel Securities founder Ken Griffin is expanding his South Florida property holdings with a private superyacht marina on…\n","protected":false},"author":2,"featured_media":44688,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[20832,123,1642,125,124,115,29529],"class_list":{"0":"post-44687","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-miami","8":"tag-marina","9":"tag-miami","10":"tag-miami-beach","11":"tag-miami-headlines","12":"tag-miami-news","13":"tag-news","14":"tag-superyacht-marina"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/44687","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=44687"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/44687\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/44688"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=44687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=44687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=44687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}