"Over the last several years, the billionaire Citadel CEO set a nationwide price record with his purchase of an unfinished quadruplex penthouse at 220 Central Park South, bought a Georgian mansion overlooking London's St. James's Park for $122 million, and has so far spent at least $230 million in Palm Beach on what is poised to become the world's most expensive home. (Apparently, his mother will live there.)"
"A supertall office tower that is, as its name suggests, located at 350 Park Avenue and will span a total of 1.7 million square feet. Griffin's firms, the hedge fund Citadel and market-maker Citadel Securities, will occupy roughly half of the available space. Per Reuters, Griffin was bullish on the return-to-office mandate back in 2022 but had a problem: He couldn't find somewhere large enough to store his growing ranks of employees."
Ken Griffin plans a supertall office tower at 350 Park Avenue that will rise about 1,600 feet and encompass roughly 1.7 million square feet. The project is expected to cost about $4.5 billion. Citadel and Citadel Securities will serve as anchor tenants and together occupy roughly half of the building. Griffin partnered with Rudin Management and Vornado Realty Trust to develop the tower. Griffin acquired air rights from St. Patrick's Cathedral and St. Bart's Episcopal Church to achieve the planned height. Three aging buildings will be demolished to make way for the new tower.
Read at Curbed
Unable to calculate read time
Collection
[
|
...
]