Ken Griffin’s Final Chicago Condo Goes Under Contract Amid Miami Move

Ken Griffin’s Final Chicago Real Estate Property Goes Under Contract

Ken Griffin’s Chicago real estate liquidation is nearing its conclusion with the billionaire’s last condo in the city under contract. This marks the culmination of a substantial divestment process instigated by Citadel’s relocation to Miami.

Details of the Last Property

Griffin’s spokesperson told Bloomberg that the final Chicago property, a condo located at 800 N. Michigan Avenue, is under contract.

Property Listing on Zillow

The duplex penthouse, coined the “crown jewel” of Park Tower, is listed on Zillow at $12.5 million – a reduction of around 20% from its initial asking price of $15.75 million.

Citadel’s Move to Miami

In June 2022, Griffin relocated the global headquarters of his Citadel and Citadel Securities from Chicago to Miami.

Griffin’s Real Estate Portfolio in Chicago

Griffin had a variety of luxury properties in Chicago over the years, but he disposed of most of them after announcing his hedge fund’s relocation.

Griffin’s Take on Miami

“There’s something very special about the government in Florida and their focus on delivering traditional values for the community,” Griffin remarked at an Economic Club of Miami event.

The Appeal of South Florida

“South Florida has something that the rest of the world wants. It has oceanfront property in a state with extraordinarily safe streets, great schools, a strong sense of community, and excellent cultural institutions. Miami is one of the most vibrant cities in the world,” said Griffin.

Original article source: Billionaire who moved business to Florida now selling final property in blue city at discount