FAA Approves Citadel's Foster+ Partners-Designed Brickell Supertall Tower At 1,049'

Citadel’s new Foster + Partners-designed supertall tower at 1201 Brickell Bay Drive has received FAA approval at 1,049’, the maximum height permitted in Miami. The proposed project will be a mixed-use development featuring 1.4+ million square feet of office space, a 212-room rooftop hotel, fine dining restaurants, a health spa, fitness club, and more. The tower will rise 58-stories of floors with the hotel lobby at the top 58th floor and a landscaped pavilion atop the tower on the 62nd floor. In January 2025 PROFILEmiami reported that Ken Griffin brought in New York-based Related Companies to develop co-develop the tower.

Designed by Foster + Partners, the 1.7+ million square foot supertall tower will serve as the headquarters for Griffin's Citadel and Citadel Securities. Construction of the $1 billion-plus development is expected to begin in late 2025, with plans for subsequent phases that include additional office space, residential units, and parking facilities across the street.

Renderings via Citadel

Related Companies To Co-Develop Citadel's Waterfront Foster + Partners-Designed 1201 Brickell Bay Drive Supertall

Billionaire hedge fund manager Ken Griffin will be partnering with the New York-based Related Companies to develop co-develop Citadel’s new supertall tower at 1201 Brickell Bay Drive. The project, with a proposed height of 1,032 feet and 54 stories, will be a mixed-use development featuring 1.3 million square feet of office space, a 212-room rooftop hotel, fine dining restaurants, a health spa, fitness club, and more.

Designed by Foster + Partners, the 1.7 million square foot supertall tower will serve as the headquarters for Griffin's Citadel and Citadel Securities. Construction of the $1 billion-plus development is expected to begin in the third quarter of 2025, with plans for subsequent phases that include additional office space, residential units, and parking facilities across the street.

After announcing that both Citadel and Citadel securities will move to Miami from Chicago, Citadel was revealed as the buyer of 1201 Brickell Bay Drive after Tibor Hollo’s Florida East Coast Realty sold the 2.5 acre supertall development lot in a $363 million mega-deal in April 2022. Also in April 2022, Griffin acquired the adjacent 1250 Brickell Bay Drive and 1260 Brickell Bay Drive for $20 million, the lots total roughly 6,655 SF. The lots are adjacent to 1221 Brickell Avenue, which an entity tied to Citadel acquired in June 2022 for $286.5 million. The assemblage of properties spanning from 1221 Brickell Avenue to 1250-1260 Brickell Bay Drive is across the street from 1201 Brickell Bay Drive. The price equated to $145 million per acre, $3,340 PSF dirt value.

Ken Griffin’s net-worth is estimated to be about $31 billion and he has been one of the largest luxury property buyers in the world over the past several years. Also in Miami, Griffin has spent years and $170 million acquiring a Star Island assemblage. He made a splash when he acquired 8 Star Island Drive, a teardown built in 1993 on 1.8-acres, for $75 million. The sale set record for single-family home sales in Miami-Dade County at the time, a record Griffin is no stranger breaking. Griffin has also acquired the adjacent 10 Star Island for $25 million and 11 and 12 Star Island Drive in an off-market deal for roughly $37 million and 13 Star Island for $32.5 million. The acquisitions total $170 million. Griffin also set a record when he was revealed as the buyer in the mega-transaction for the four-acre waterfront Adrienne Arsht compound for a staggering $106,875,000.

Renderings via Foster + Partners

SHVO Reveals Norman Foster-Designed Class A Office On Alton Road And Lincoln Road

SHVO has revealed plans for a Foster + Partners-designed Class A office project at the former Epicure Gourmet Market & Cafe at the intersection of Alton Road and Lincoln Road. The project will rise five stories and will feature nearly 250,000 SF of total development at 1656, 1664, 1676 and 1680 Alton Road and 1677 West Avenue. Kobi Karp of Kobi Karp Architecture & Interior Design is working with Foster + Partners as the architect of record. The project was advanced following The Miami Beach Planning Board voting in favor of transferring city land known as Alton Ct, the back alley between Lincoln Road and 17th St. to the developer.

Foster + Partners is led by Pritzker Prize-winning architect Lord Norman Foster and also designed Faena House as well as the new Safra National Bank headquarters, at currently under construction at 3050 Aventura. SHVO, led by Michael Shvo, is also redeveloping the Raleigh Hotel on Collins Avenue into a Rosewood Hotels & Resorts-branded hotel and condo tower.

Renderings via Foster + Partners

Check Out The Newly Revealed Renderings Of Norman Foster-Designed Drivers Club Miami

New renderings have been revealed of Drivers Club Miami, a Norman Foster-designed private driving club with resort on 160-acres in Carol City, a neighborhood of Miami Gardens. The project was approved in 2018 although groundbreaking has been delayed by zoning agreements, environmental testing, design meetings and construction-preventing covenants. The project is being developed by 13 Pista LLC, led by Carlos de Narvaez Steuer and is estimated to cost $100 million.

Drivers Club Miami will feature a race circuit with 2.3 mile track in addition to a luxury resort with hotel, retail and restaurants which will be open to the public. The Miami Drivers club track, clubhouse and vehicle storage and maintenance facilities will be private for members only.

Miami-Dade County signed a $33.4 million, 30 year lease for 140 acres of land below-market rate at 20000 NW 47th Ave. for the project. The lease began on August 1, 2018 and has two 30-year extension options. The county will also provide $2 million to the developer via subsidies in order to help the project create 220 jobs on the property. In exchange for waiving the competitive bidding process, the developer will build public improvements for Miami Gardens including a new public bicycle course and capital contributions to support a new on-site fire station and Florida Memorial University. The entire project is estimated to cost roughly $100 million.