FOX Enterprise Madison Alworth studies on Citadel CEO Ken Griffin reaffirming plans to maneuver his agency to Miami from New York Metropolis, pushed by a want for a state that embraces enterprise on ‘Varney & Co.’
Billionaire hedge fund CEO and proprietor Ken Griffin is making good on his promise to “double down” on Miami after publicly feuding with New York Metropolis Mayor Zohran Mamdani over New York’s new tax on costly second houses.
Griffin, who runs hedge fund Citadel, plans so as to add a 300-unit condominium constructing and a 1,400+ area parking storage to the location of Citadel’s future headquarters in Miami’s monetary district Brickell, current filings present.
Citadel additionally acquired each unit in a 22-story condominium tower throughout the road from the Brickell constructing with plans to demolish it to increase the Miami campus.
“We’re focusing this a part of our improvement at 1201 Brickell solely on industrial workplace area. Miami is open for enterprise, and the unparalleled high quality of our improvement will drive the tenancy of main world companies, together with Citadel and Citadel Securities,” a Citadel spokesperson instructed FOX Enterprise.
On April 15 (Tax Day), NYC Mayor Zohran Mamdani posted a video outdoors Ken Griffin’s Manhattan penthouse selling a brand new “tax-the-rich” coverage. (Spencer Platt/Aaron Schwartz/Bloomberg/Getty Photos / Getty Photos)
The Miami push follows a protracted feud between Griffin and Mamdani, stemming from a video Mamdani made particularly concentrating on Griffin’s Park Avenue penthouse in an explainer for his new metropolis tax on costly second houses.
“After I ran for mayor, I stated I used to be going to tax the wealthy. Nicely, right now we’re taxing the wealthy… That is an annual charge on luxurious properties price greater than $5 million whose homeowners don’t reside full-time within the metropolis — like this penthouse, which hedge fund CEO Ken Griffin purchased for $238 million,” Mamdani stated in his April 15 video whereas standing in entrance of Griffin’s penthouse.
New York Metropolis Mayor Zohran Mamdani stands outdoors of Citadel CEO Ken Griffin’s Park Avenue penthouse in an April 15, 2026, video. (NYC Mayor’s Workplace / Unknown)
Griffin responded, calling the non-public assault “creepy and bizarre,” worrying that it put him in hurt’s manner and demonstrated “a profound lack of judgment,” on Mamdani’s half.
Griffin’s Citadel executives then recommended {that a} new Citadel workplace area in Midtown may turn out to be a casualty of Mamdani’s not-so-business-friendly insurance policies.
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“We’re about to begin the redevelopment of 350 Park Avenue, creating 6,000 extremely paid building jobs and supporting the creation of greater than 15,000 everlasting jobs in Midtown New York,” Citadel COO Gerald Beeson wrote in an April 23 memo to workers.
Citadel is constructing its future headquarters in Miami’s monetary district Brickell. (Getty Photos / Getty Photos)
“The undertaking – if we transfer ahead – will entail greater than $6 billion {dollars} of spending,” he additionally wrote.
Mamdani ultimately softened his rhetoric, thanking Griffin for his contributions to the town.
Citadel already moved its headquarters from Chicago to Miami in 2022, and the Brickell acquisitions additional develop the hedge fund’s South Florida footprint.
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FOX Enterprise contacted Mayor Mamdani’s workplace for extra remark.
FOX Enterprise’ Madison Alworth and Matthew Kazin contributed to this report.
