Reuters reported that Citadel founder Ken Griffin said the firm is “doubling down” on Miami and has revised plans to make its planned Miami office tower larger.
The Reuters story cited comments by Ken Griffin that Citadel was increasing its commitment to Miami, revising its building plans to create a bigger office building in the city, according to the May 6, 2026 report.
Bloomberg and several local property outlets provided additional detail, reporting that Griffin expanded the company’s Miami plans after a public dispute with New York City Mayor Zohran Mamdani. Bloomberg said the move followed that clash and described it as a factor in Citadel’s decision to boost its Miami footprint.
Commercial Observer and other commercial-property reports said Citadel adjusted its Miami scheme by increasing office space and rethinking other uses in the planned development. Those outlets described the change as a pivot toward a larger corporate presence rather than the mixed-use scheme first discussed.
Ken Griffin has previously moved parts of Citadel’s operations to Florida and in 2022 relocated the firm’s global headquarters to Miami, according to earlier reporting. The recent statements Reuters captured show Griffin continuing to build out that presence and to reconsider the firm’s real-estate program in the city.
Analysts and real-estate reporters quoted in Bloomberg noted the expansion reflects a broader trend of financial firms increasing Miami footprints, and they tied Citadel’s decision to local development plans and political frictions in New York that attracted Griffin’s public criticism.
What this means for the project’s timeline and final size remains unclear in the available reporting. Reuters and Bloomberg describe the change in plan and the drivers behind it, but neither outlet published final square-footage figures or an updated construction timetable in the articles retrieved for this story.
Sources
- Reuters — reported Citadel is “doubling down” on Miami and revising plans to make its Miami office building bigger (May 6, 2026).
- Bloomberg — reported Griffin expanded his Miami bet after a public clash with New York Mayor Zohran Mamdani and provided additional context on the decision (June 11, 2026).
- Commercial Observer — reported Citadel expanded its office-footprint plans for its Miami headquarters and detailed changes to the development program (April 28, 2026).
