"Citadel Securities founder Ken Griffin is expanding his South Florida property holdings with a private superyacht marina on Miami Beach's 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."
"Now one of the most powerful billionaires in South Florida, Griffin moved his Citadel hedge fund and Citadel Securities headquarters to Miami's Brickell area from Chicago in 2022. He plans to develop a $2.5 billion bayfront building for the firm's office, with a 212-room hotel, spa, and restaurants. The marina complex is designed by BMA Architects and will include a gatehouse at the marina's entrance, a repair shop for boats, as well as an owner's pavilion with a large seating area and storage spaces."
"Griffin, 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's $106.9 million Coconut Grove estate, multiple Star Island waterfront properties, and prime Palm Beach holdings. Terminal Island currently has a Florida Power & Light plant, a Miami Beach maintenance facility, and ferry terminals servicing nearby Fisher Island."
A 3.7-acre marina on the tip of Miami Beach's Terminal Island is planned to berth six superyachts and include a 30,000-square-foot marina and resort-style club. Amenities will include pools, pickleball courts, gym, sauna, crew facilities, a private lounge and guest pool. BMA Architects designed the project, which features a gatehouse, repair shop, owner's pavilion, seating areas and storage. Terminal Island currently hosts a Florida Power & Light plant, a Miami Beach maintenance facility and ferry terminals. Griffin relocated Citadel to Miami in 2022, intends a $2.5 billion bayfront office/hotel development, and owns the 308-foot yacht Viva.
Read at ARTnews.com
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