Ken Griffin’s proposed supertall headquarters for Citadel Securities is officially advancing in Brickell. After three rounds of design revisions, the most recent submitted just two months ago, the project is now moving into the approval phase in Miami-Dade County. It marks the latest step in a headquarters relocation effort that began when Citadel announced its move from Chicago to Miami. Although the firm once targeted a mid-2025 groundbreaking, rising costs and other logistical challenges have pushed that timeline back. Still, Citadel remains fully committed to the project.
On November 20th, Miami’s BCC Comprehensive Development Master Plan & Zoning Committee will review plans for Citadel’s new ‘Class A, state-of-the-art, mixed-use office and hotel tower.’ The committee will also consider proposed maintenance and improvements to the existing office building at 1221 Brickell Avenue, along with the redevelopment of a parking garage designed to serve both the new and existing towers.
The new headquarters will feature 1,485,174 SF of office space and 212 hotel rooms, complemented by amenities including a pool deck, dining and beverage venues, a fitness club, retail, and more. At the base of the tower, 50 executive parking spaces will be provided, with an additional 1,420 spaces available in the redeveloped parking garage nearby.
As part of the latest submission, the tower’s crown has entered its newest design iteration under the supervision of the project’s architect, Foster + Partners. Earlier versions featured a relatively flat crown, which later evolved into a more open, fanned form. In the most recent redesign, the floorplates extend to cover much of the previously exposed crown base, signaling a shift back toward the earlier profile.
The tower is planned to rise 58 floors, though recent elevations suggest it could exceed 60 floors, reaching approximately 1,043 FT. This height, mix of uses, and other features of the development is only possible through Citadel going through the County’s Rapid Transit Zone, designed to encourage higher intensity, mixed-use, transit-orientated development. 1201 Brickell Bay Drive, 1221 Brickell Avenue, and 1250-1260 Brickell Bay Drive were all added to the RTZ in 2022 and 2023.
Beyond design updates, Citadel has also submitted its first permit since 2022, which includes the planned removal of existing trees on-site in preparation for groundbreaking. In addition, Floridian Development recently reported that multiple tower cranes have been approved for installation on-site. In total, three cranes will rise to heights of 1,298 FT, 1,298 FT, and 1,297 FT, respectively.
Miami-Dade staff has recommended approval of Citadel’s master plan, albeit with several conditions, including coordination with the county’s Aviation Department, Office of Historic Preservation, and other relevant agencies. Citadel is requesting approval of the development under the County’s RTZ, as well as building closer to Biscayne Bay than code allows.
If approved, Citadel has committed to several upgrades to Brickell’s surrounding infrastructure, including a $3 million contribution for maintenance, repairs, and improvements at the Financial District Metromover Station. Additionally, the project includes over $10 million in planned stormwater and pedestrian improvements throughout the area.
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Any renderings of the parking garage that will be renovated ?