Ken Griffin and Goldman Properties Acquire Landmark 545 Wyn Office Building In Wywnood From Sterling Bay For $180 Million

Billionaire investor Ken Griffin has expanded his South Florida real estate presence with the acquisition of 545 Wyn, a premier office property in Miami’s Wynwood Arts District. Partnering with Goldman Properties, the duo purchased the 10-story building for approximately $180 million, signaling continued institutional confidence in Miami’s evolving office market. The deal reinforces Wynwood’s transition from a creative enclave into a fully formed mixed-use business district attracting global capital and blue-chip tenants.

Located at 545 Northwest 26th Street, 545 Wyn stands as one of the neighborhood’s most visible commercial assets. The transaction brings together complementary strengths: Griffin, founder of Citadel, provided the majority of the equity, while Goldman Properties will oversee management and long-term strategy for the building. The sellers were Sterling Bay, which developed the project in 2019 after acquiring the site from Goldman Properties years earlier—creating a full-circle moment for the Miami-based firm.

Developed by Sterling Bay, who broke ground on 545wyn in January 2019 and completed the building in late 2020, the 298,000 square feet of creative office and retail property offers future and current tenants access to large flexible floorplates and an unmatched suite of exclusive, highly sought-after healthy building amenities including a state-of-the-art wellness center, touchless elevator systems, vast outdoor lounges and high-quality air filtration systems. The building was designed by Gensler Architects and was Wynwood’s first-ever Class A office and retail property. To reflect the artistic aesthetic of Wynwood, Sterling Bay commissioned a number of creative installations at the property, including three very prominent exterior murals, to engage local and international artists and establish a sense of place for tenants. After recently achieving WELL Health-Safety Rating, 545wyn has also achieved RESET Air marking the property as one of the healthiest commercial buildings in Miami.

Spanning roughly 298,000 square feet of Class A office space along with more than 26,000 square feet of ground-floor retail, 545 Wyn has become a cornerstone of Wynwood’s commercial core. Its tenant mix reflects the area’s growing appeal to established corporations and forward-looking firms alike, including Sony Music Group, PwC, Gensler, cryptocurrency exchange Gemini, and crypto-backed mortgage lender Milo. This diversity underscores Wynwood’s ability to attract tenants across media, professional services, design, and financial technology.

For Griffin, the acquisition adds another strategic foothold in Miami, a city that has increasingly drawn high-net-worth individuals and major firms seeking business-friendly conditions and global connectivity. For Goldman Properties, long known for shaping Wynwood’s cultural and real estate identity, the partnership represents a continuation of its role in guiding the district’s next phase of maturation. Together, the acquisition of 545 Wyn highlights not only confidence in a single asset, but belief in Wynwood’s long-term position as a major office and mixed-use hub within Miami’s urban core.

Past PROFILE Articles about 545 Wyn:

Image via Sterling Bay

For more information about 545 Wyn or to inquire about commercial leasing please fill out the form below:

Landau Properties Set to Commence Vertical Construction on Waterfront Office Development One Kane in Bay Harbor Islands

Vertical construction begins the next stage of evolution for One Kane, a 126,000-square-foot Class A+ waterfront office building in the exclusive enclave of Bay Harbor Islands. Addressing the specific workforce needs of Miami's evolving high-net-worth migration, Miami-based Taubco and New York-based Landau Properties are delivering a transformative model for corporate flagships.

With completion of two stories of concealed parking, One Kane, situated at 9551 E. Bay Harbor Drive, will include a private elevator lobby, dock-to-desk' yacht slips, and a waterfront BondSt restaurant, among other bespoke privileges. Completion is expected in early-2027.

A premier destination for discerning executives, One Kane offers a combination of privacy, state of the art headquarters-grade infrastructure, and premium hospitality with ultra boutique appeal designed as a rare alternative to Miami’s dense urban core, all enveloped within the high-end lifestyle of Bay Harbor Islands. As Miami continues to emerge as a global center for commerce, One Kane encompasses prestige from its surrounding communities along with lifestyle integration all on one site.

"One Kane features a modern business lifestyle with innovation and creativity that will appeal to organizations that seek the utmost privacy while combining exceptional design with taste and quality,” said Jonathan Landau, founding member and CEO of Landau Properties. “Executives who already live or are looking at residential options in Bay Harbor Islands, Indian Creek, Bal Harbor, Surfside and similar communities now have the opportunity to walk, drive or dock directly at their business address, an experience offered nowhere else in Miami.”

“Miami has transitioned into a global center for capital and influence, bringing together some of the world’s most pivotal industry leaders that are shaping the future of business,” added Laura Tauber, Principal and Managing Director at Taubco. “One Kane meets the demand and vision of domestic and international executives that seek discretion, luxurious amenities, and onsite hospitality within an exceptional and unequalled corporate setting. As the city’s status is elevated on the world stage, the next phase for Bay Harbor Islands and its surrounding communities entailed the inception of One Kane, speaking volumes of our historic understanding and contribution to the area’s next phase in growth.”

Leveraging its unique location directly on the Indian Creek Waterway, One Kane offers eight private yacht slips and a full-time Dockmaster and valet service, offering seamless dock-to-desk commuting. An experience found only in select cultural capitals, One Kane takes full advantage of its waterfront setting to fill Miami’s void and the growing demand by executives for a development that satisfies shifting commuter preferences.

By land, the building includes private vehicular access, valet parking and 24/7 secured private access. Designed for today's executive environment, One Kane is designed with an understanding of the need for privacy, optimal infrastructure and impeccable amenities. Offering a size and scale tailored for premier organizations with full floor opportunities, each of the building’s six stories are surrounded by private outdoor terraces accessible from every office, soaring 11-foot ceilings, and floor-to-ceiling windows that provide expansive views of the waterway.

Floors range from 12,600 square feet to more than 18,300 square feet of waterfront space, with One Kane delivering exceptional architecture designed for elegant C-Suite operations. The development features seamless fiber-optic broadband, redundant full-service generators providing 100% standby power serving the entire building, advanced AI security with individual access control, impact resistant glazing and flood protected private secured subterranean parking.

A LEED–designed building, the project delivers a responsible and forward-thinking approach in efficiency and indoor quality. Natural outdoor light private terraces and advanced air filtration systems create an optimal setting for comfort and quality throughout every part of the building. Extending beyond a traditional corporate workplace, One Kane’s holistic vision includes an emphasis on wellness and productivity.

Crafted to create a prestigious club for family offices, hedge funds, private equity firms, and bespoke professional firms, One Kane is designed for those with high confidentiality needs alongside peers of the same caliber. Positioned in one of Miami’s most exclusive enclaves, One Kane is steps from Bal Harbour Shops, major hotels, and luxury retail, yet set apart from Miami's bustling downtown core.

Nestled in its own private pocket of Bay Harbor Islands, One Kane will also feature BondSt, the acclaimed New York-based restaurant making its comeback to Miami, on the ground floor and rooftop bar with 360-degree panoramic views. The restaurant’s integration into One Kane includes priority reservations, event activations, in-office private dining and a full-service concierge that provide a hospitality-first atmosphere to the daily office experience.

Knotel Launches U.S. Work Club at Wyncatcher in Miami’s Wynwood District

Knotel, a global provider of flexible and managed workspaces, is bringing its Work Club concept to the United States with the opening of Knotel at Wyncatcher in Miami’s Wynwood Arts District. The two-story, nearly 40,000-square-foot workspace is scheduled to open in December, marking Knotel’s first U.S. Work Club location following the success of its flagship Old Sessions House in London.

The new Miami outpost reflects the company’s broader strategy of blending flexible office space with hospitality, culture, and community-driven programming. Located in one of Miami’s most creative neighborhoods, Knotel at Wyncatcher is designed to function as a hub for entrepreneurs, innovators, creators, and growing brands operating within the city’s expanding hybrid work ecosystem.

“Experience-led environments have become essential for companies navigating growth, talent attraction, and new ways of working,” said Catherine Le Druillenec, Managing Director at Knotel. She cited Miami’s rapidly expanding business community and international connectivity as key factors behind the company’s decision to launch the concept locally.

Knotel at Wyncatcher will feature a mix of private office suites, shared workspaces, and collaborative lounges, alongside hospitality-driven amenities more commonly associated with lifestyle destinations than traditional offices. Plans include a rooftop terrace, curated cultural programming, and an on-site restaurant and bar concept by Cotidiano Group, a hospitality company based in Guadalajara, Mexico, known for culturally driven dining experiences.

According to Samantha Phillips, Vice President of North American Operations at Knotel, the Work Club model is intended to support both focused work and large-scale social or professional gatherings. “From flexible work to intimate cultural moments and large-scale activations in a critical hub for international finance, trade, and culture, Knotel at Wyncatcher is positioned to serve companies and creators shaping Miami’s evolving economy,” Phillips said.

Design played a central role in shaping the project. Kim Kolkovich, Knotel’s Head of Design, said the goal was to create an environment that reflects Wynwood’s creative energy while remaining adaptable to different uses throughout the day. Art and culture will also be embedded into the experience. The workspace will feature a rotating art program showcasing both emerging and established artists, transforming the building into a living gallery that evolves with the community and seasonal programming. In addition to workspace and amenities, members will have access to concierge services, premium food and beverage offerings, and a curated calendar of events and brand activations aimed at fostering professional and social connections.

Knotel operates flexible and managed workspaces globally, providing workplace services that range from design and delivery to day-to-day operations and curated Work Clubs. The company is part of the Newmark platform. Newmark Group, Inc. (Nasdaq: NMRK) is a global commercial real estate services firm providing advisory, transaction, and management services across all property types. For the twelve months ended September 30, 2025, Newmark reported revenues exceeding $3.1 billion, with operations spanning approximately 170 offices worldwide.

Allen Morris Co. Locks Down $138.5 Million Construction Loan For Ziggurat Coconut Grove

Allen Morris Co., one of the leading real estate firms in the Southeast U.S., has secured a $138.5 million construction loan from BDT & MSD Partners (“BDT & MSD”), through its affiliated funds, and BHI, the U.S. Bank of Bank Hapoalim, B.M. for Ziggurat, a mixed-use development that will enhance the heart of Coconut Grove, while ensuring homage to the area’s deep history and heritage. The financing was arranged by Lotus Capital Partners, led by Faisal Ashraf.

Located on 1.7 acres at 3101 Grand Avenue, at the intersection of Grand Avenue, Matilda Street and Florida Avenue, Ziggurat will introduce world-class office, residential, and retail offerings, that reflect the vibrant and unique character of Coconut Grove.

The development includes two towers: a five-story 100,000 square foot trophy office building which will set the high watermark for office space in Miami, and a three-story condominium building with 18 ultra-luxury residences, and approximately 45,000 square feet of retail space on the ground floor.

The rooftop of the office structure will house a restaurant and lounge by a local Michelin-starred chef with spectacular views of Biscayne Bay.

Ziggurat also features pedestrian-friendly paseos leading to a central interior courtyard filled with lush landscaping and surrounded by best-in-class local bistros, boutiques and wellness-oriented retail.,

The residential component, exclusively represented by ONE Sotheby’s International Realty, features residences from 1,254 sq ft to over 5,000 sq ft. Prices ranging from $3.5 million to $15 million. Each residence overlooks the soon-to-be revitalized Kirk Munroe Park, set to undergo an $8 million renovation in partnership between Allen Morris Co. and the City of Miami.,

Groundbreaking is anticipated for December 2025, with completion expected for early-2028.

Designed by Oppenheim Architecture, the development will be a captivating addition to Coconut Grove’s landscape, blending the area's rich natural surroundings with modern architectural elements.

Ryan Holtzman, Andrew Trench and Brian Gale with Cushman & Wakefield will manage office leasing alongside Thad Adams with The Allen Morris Company. Daniel Cardenas and Michael Sullivan with Vertical Real Estate will lead the retail leasing efforts.

The Espinosa family, a longstanding and highly regarded family in the Grove, who have owned and operated Grove Laundry & Cleaners on the site since 1961, will partner with The Allen Morris Company on the project.

“We designed Ziggurat to be a contextual extension of the Grove’s essence. With natural stone cladding and gardens wrapping every level of the building, we are seeking to build a landmark that respects the past while elevating the future of architecture in South Florida,” said W. A. Spencer Morris, President of Allen Morris Co. “Paired with a reimagined public greenspace and a lineup of extraordinary local culinary talent, this project reflects our deep commitment to place-marking at the highest level.”

“This project reflects our strategy of identifying high-quality real estate opportunities backed by experienced sponsors in markets with durable, long-term demand drivers,” said Jason Kollander, Partner & Head of Real Estate Credit at BDT & MSD. “Coconut Grove’s enduring appeal and development momentum make it an attractive submarket, and we’re pleased to support the Allen Morris Company in delivering a development that adds vibrancy and momentum to the neighborhood’s continued evolution.”

“BHI’s strategy is rooted in thoughtfully expanding into markets where we can help deliver highly distinguishable inventory that adds meaningful value”, said Adrian Rahimi, VP of Commercial Real Estate Financing at BHI. “We’re excited to continue to expand the bank’s South Florida presence by partnering with world-class sponsors and highly sophisticated and experienced lenders.”

“Ziggurat sets a new standard for luxury living in Coconut Grove,” said Daniel de la Vega, President of ONE Sotheby’s International Realty. “The appeal and interest in this project, not unexpectedly, has been on a global scale.”

For more information about Ziggurat Coconut Grove or to inquire about purchasing a unit please fill out the form below:

PMG and LNDMRK Development Launch Wynwood Residences With Deeded Office Suites Partnered With Airbnb

National developer PMG and LNDMRK Development are launching Twenty Sixth & 2nd Wynwood Residences, an eight-story, 233-residence luxury condo building that will rise as the first luxury condo residences with deeded office suites partnered with Airbnb.* As a first-of-its-kind offering, owners will have the ability to host their home and office 365 days a year on Airbnb.* PMG Residential is leading sales for Twenty Sixth & 2nd Wynwood Residences, which will launch April 24th.

As Miami continues to be a year-round travel destination, it’s no secret that the office market is also thriving. On the heels of major office deals in the Wynwood area, including Amazon and Gemini, the addition of this first-of-its-kind offering at Twenty Sixth & 2nd Wynwood Residences will help meet the demand for both Class-A office space and flexible, innovative residential projects as Wynwood continues to grow.

In addition to an exclusive collection of studio- and one-bedroom residences, the office suites at Twenty Sixth & 2nd Wynwood Residences will be dedicated to residents upon their purchase of a condo unit. The property will also offer over 32,000 square feet of wellness-inspired amenities, complemented by 26,000 square feet of prime retail space on the ground floor with approximately 475 feet of linear frontage.

*Hosting is subject to local laws and other restrictions. Office suites may not be listed on Airbnb independently. Any listing of an office suite on Airbnb must include the associated residential unit and cannot be listed separately from their corresponding residence.

Renderings via ARX Creative

For more information about Twenty Sixth & 2nd Wynwood Residences or to inquire about purchasing a unit please fill out the form below:

'One Kane' Class A Waterfront Office Building Breaks Ground in Bay Harbor Islands And Signs BondST As Anchor Restaurant

Tenants of Miami’s newest office building can begin their workdays commuting by boat, along Biscayne Bay and enjoy spectacular views from the rooftop overlooking the Magic City’s famed sunsets. One Kane, the newest trophy Class A office building to rise in Miami’s Bay Harbor Islands, is offering a series of first-in-market amenities that include reserved dock slips and a boat valet, private office balconies, in office private dining and a generator capable of fully powering the entire building in the event of an outage. The 126,000-square-foot office building is the brainchild of a joint venture between Taubco, a Miami-based development and property management firm, and national real estate development firm Landau Properties.

Construction of One Kane has commenced following a groundbreaking in late January, and the development team has announced its first lease with renowned restaurant tenant BondST, the iconic New York City restaurant that will return to Miami for the first time since 2009. BondST will occupy nearly 17,000 square feet, including an elegant dining room and vibrant sushi bar, waterside dining terrace and rooftop lounge affording spectacular 360-degree views. At the helm of owner Jonathan Morr, the New York City icon has been a hot spot for over 25 years in the City’s NoHo neighborhood and opened a second location in the sought-after Hudson Yards in 2023.

“I’m thrilled to bring BondST back to Miami,” said Jonathan Morr. “Miami’s energy and synergy with New York make it the perfect place for our next chapter. We’ve been waiting a long time for the right opportunity in Miami, and with One Kane’s waterside location and thoughtfully designed spaces, we have the ability to create something truly special.”

Located at 9551 E Bay Harbor Drive, the development is rising on a prime site situated just steps from the upscale shopping and dining destination Bal Harbour Shops. The elite office property will cater to tenants seeking luxurious and exclusive conveniences including concierge services, bespoke valet attended parking, high security, coveted privacy, terraces from every office and in-office dining. Its location is at the nexus of some of Miami’s most desirable neighborhoods, including Bal Harbour, Indian Creek, Surfside, and Sunny Isles.

“Given the continued residential population growth the surrounding enclaves have experienced as a result of Miami’s business and wealth migration, construction of One Kane will serve pent-up demand for newly built luxury office space close to where executives live,” said Irwin Tauber, Co-Founder and CEO of Taubco. “The fact that our office tenants will be able to walk, drive or dock their boat at their business address is a game-changer for Miami’s world-class office market.”

Taubco and Landau Properties recently secured a $74 million construction loan from national real estate lender 3650 Capital to fund the ground-up construction of the office project that is set to deliver early 2027.

“As we begin construction of One Kane, we’re delighted to secure the iconic New York concept BondST as our anchor restaurant tenant,” said Jonathan Landau, Founder and CEO of New York City-based Landau Properties. “Given the caliber of office space we plan to deliver, we felt it was important to bring an F&B concept that would serve as a dynamic dining destination catering to the high-net-worth executives that will comprise our office tenancy and the surrounding residential neighborhoods.”

The seven-story One Kane is designed by Miami-based architect Luis Revuelta, whose visionary architecture has redefined the Miami skyline for decades. Every office space will boast floor-to-ceiling windows with ample natural light and terraces that provide private outdoor space with breathtaking views of Biscayne Bay, the Atlantic Ocean and Indian Creek Waterway. The office building will also boast storm-resilient features, including impact glass, concrete structure, a floodgate-fortified parking garage and natural gas generator to power the full building. General contractor Civic Construction oversees construction.

The Cushman & Wakefield brokerage team of Brian Gale, Andrew Trench, Ryan Holtzman and Edward Quinon is leading office leasing efforts. With a total of 75,000 square feet of leasable office space, the property offers luxury offices ranging from 2,000 to 18,000 square feet. According to Cushman & Wakefield’s latest office market report, Miami’s office market continues to benefit from strong market fundamentals and high employment, with the average asking rate increasing 10.7% year-over-year fueled by heightened demand for more high-end office space.

“Given Miami’s rise as the top business destination in the US thanks to its lifestyle offerings, favorable tax climate and 365-day outdoor living, the development of a trophy office building like One Kane is long overdue,” said Brian Gale, Vice Chair at Cushman & Wakefield. “With the influx of hedge funds, private equity firms, family offices and other financial service firms seeking premium quality office space, there is no other product in the market that can boast a built-in marina and dining led by New York favorite BondST.”

One Kane places tenants near the community’s most affluent shopping and dining options, including the world-renowned Bal Harbour Shops comprising over 100 designer shops and restaurants serving locals and visitors. It is situated near Indian Creek, Bal Harbour, Surfside, Sunny Isles and Miami Beach, and only a short distance to major expressways such as I-95, the Florida Turnpike and SR 826, offering convenient access for locals and commuters.

Images via Landau Properties

Eighteen Sunset Achieves Full Occupancy in Miami Beach’s Thriving Office Market

Eighteen Sunset, a highly anticipated mixed-use boutique development in Miami Beach’s Sunset Harbour neighborhood, has achieved full occupancy for its premium office spaces. The 17,708 square feet of Class A+ office space has been fully leased, highlighting the surging demand for luxury work environments in Miami Beach.

Colliers, led by Vice Chair Stephen Rutchik, managed the leasing process on behalf of the landlords, Deco Capital Group and RWN Real Estate Partners. CBRE’s Executive Vice Presidents Jeff Gordon and Barbara Black represented the tenants in the transactions.

The property has attracted a carefully curated mix of tenants, including a globally recognized private equity firm and luxury lifestyle brand Audemars Piguet. Both organizations were drawn to Eighteen Sunset’s unique blend of high-end design, waterfront views, and proximity to Miami Beach’s dynamic cultural and business hubs.

Developed by Deco Capital Group and constructed by Origin Construction, Eighteen Sunset is located at 1759 Purdy Avenue, offering tenants direct access to Maurice Gibb Park, the Sunset Harbour Marina, and upscale dining and retail options. Its strategic location combines proximity to Miami Beach’s active community with unobstructed views of the Intracoastal Waterway and Venetian Islands.

Stephen Rutchik of Colliers emphasized the property’s role in meeting modern workspace needs: “Eighteen Sunset represents the future of workspaces in Miami Beach. Its boutique design, unmatched amenities, and premier location reflect the evolving preferences of businesses seeking more than just office space.”

Slated for completion later this year, Eighteen Sunset is poised to set a new benchmark for elite office environments in Miami Beach’s competitive real estate market.

OKO Group & Cain International Complete Fully-Leased 830 Brickell Class A+ Office Tower

Construction of 830 Brickell, the Class A+ office tower that elevated Miami’s position as a destination for some of the world’s largest finance, technology, and professional services firms, has officially been completed after receiving its full Temporary Certificate of Occupancy (TCO) from the City of Miami. 830 Brickell’s TCO allows for all of the building’s tenants to now begin buildouts and take occupancy of their spaces, while construction crews continue putting the finishing touches on the interior common areas and amenity spaces, which are expected to be ready within months.

The 57-story tower, developed by OKO Group and Cain International, is the first stand-alone Class A+ office tower to be built in Miami’s Brickell Financial District in over a decade. The fully leased building has emerged as the home base for new-to-market firms arriving in Miami, with more than 90 percent of the building’s tenants establishing their first office in Miami. Since its 2020 launch, average rents at the building have more than tripled – from $60-70/square foot, to nearly $200/square foot.

830 Brickell’s roster of best-in-class financial, technology, professional services firms and other global companies includes Microsoft, Citadel, Kirkland & Ellis, Marsh Insurance, Sidley Austin, CI Financial (Corient), Thoma Bravo, Santander Bank, A-CAP, among others. About 20% of the building is currently occupied and operational, with the remainder of tenants slated to complete their individual build-outs and open for business by the end of the year.

“As the only office tower of its caliber in the market, we are delighted to announce that 830 Brickell has successfully secured full TCO. The building has been a catalyst for the migration of business to South Florida, becoming the headquarters for the world’s leading finance, technology and professional services firms, and boosting an office market that continues to outperform other major cities. This achievement marks a major milestone for Miami as a city and as a global business destination,” said developers Vlad Doronin, Chairman and CEO of OKO Group, and Jonathan Goldstein, CEO of Cain International.

Since construction of 830 Brickell launched in 2020, the tower’s average leasing rates have more than tripled, setting pace for an office market that continues to outperform other major cities.

830 Brickell was designed by renowned architecture firm Adrian Smith + Gordon Gill, with interiors by Italian architecture and design company Iosa Ghini Associati. The tower’s amenities will include a Mediterranean restaurant with an outdoor terrace, and bar / private club on the top floor showcasing expansive views of the City and Biscayne Bay, a world-class health and wellness center, conferencing facilities, an outdoor terrace, cafeìs and street-level retail. Multiple transit options are nearby, including Metrorail and Metromover, the Brightline, walking paths, cycling lanes and bay access points. Additionally, some of Miami’s top residential and lifestyle-driven neighborhoods are situated just minutes away, such as Miami’s Design District, Wynwood, Edgewater and Miami Beach.

830 Brickell is part of an extensive portfolio of best-in-class offerings being delivered across South Florida by OKO Group and Cain International. The portfolio, encompassing both luxury residential and commercial spaces, also includes Una Residences, a luxury condominium under construction in Miami’s Brickell enclave; Missoni Baia, a newly delivered luxury condominium in Miami’s Edgewater neighborhood; and One River, a rental condominium in Downtown Fort Lauderdale.

OKO Group and Cain International’s partnership further extends to One Beverly Hills, a 17.5-acre mixed-use urban destination master planned by Norman Foster. The development will mark the introduction of Aman’s inaugural urban resort and Aman Branded Residences to the West Coast of North America, designed by Kerry Hill Associates, featuring a limited number of Aman residences, an Aman Hotel, and an exclusive Aman Club.

Ken Griffin's Citadel Reveals Plans For 1201 Brickell Bay Drive Supertall

Billionaire hedge fund manager Ken Griffin is making waves in Miami's Brickell neighborhood with plans for a 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

Shoma Group Unveils New Mixed Use Project Shoma 88

Shoma Group, a prominent Miami-based developer, has introduced Shoma 88, a mixed-use development poised to redefine the living experience in Kendall. This project signals a significant stride for Shoma Group, highlighting their dedication to providing housing options that blend affordability with luxury living experiences.

Masoud Shojaee, CEO and Chairman of the Board at Shoma Group, expressed excitement for the project, stating, "Kendall holds a special place in our hearts. Shoma 88 represents an opportunity for us to showcase our growth and evolution while maintaining our commitment to quality and community. We're enthusiastic about reintroducing luxury living to Kendall, where our journey began."

Standing 28 stories tall, Shoma 88 boasts 405 rental units, each offering a generous 920 square feet of space. With inclusivity in mind, Shoma Group has designated at least 40 percent of the units for workforce housing, ensuring accessibility for Kendall's essential workforce.

Shoma 88 offers a holistic lifestyle experience by integrating residential living with essential services and amenities. The development encompasses dedicated office space, providing residents with convenient coworking options and fostering a dynamic live-work environment. Additionally, 105,000 square feet of medical office space and 8,000 square feet of retail space will cater to residents' needs for essential services and amenities.

Residents will have access to a wide range of state-of-the-art amenities, including a rooftop pool with barbecue areas, a fully equipped gym, a sauna, a business center, a dedicated kids’ playroom, and a clubhouse. Stephanie Shojaee, President of Shoma Group, underscored the project's inclusivity, stating, "Shoma 88 is more than just luxury living. We're creating a space that meets the diverse needs of the Kendall community, fostering a vibrant hub for residents, workers, and local businesses."

Groundbreaking for Shoma 88 is slated for the first quarter of 2025, with an estimated completion date within 30 months. Shoma MGMT, led by Stephanie Shojaee, will oversee leasing and management for the property, designed by the renowned PPK Architects.