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Citadel founder Ken Griffin sells Miami Beach penthouses

by Kerrie Kennedy

 

Billionaire hedge-fund manager Ken Griffin is parting ways with two of his Miami Beach penthouses.

Both glass-walled condos are located in the ultra-exclusive Faena House, where residents include Goldman Sachs CEO Lloyd Blankfein, York Capital Management CEO Jamie Dinan and Brevan Howard Asset Management founder Alan Howard. 

Designed by Pritzker Architecture Prize-winning firm Foster + Partners, amenities at Faena House include private valets and a private beach club with full cabana service.

Griffin, the owner of Chicago-based Citadel Securities,  has already sold the larger of the two units for $35 million and the second is currently under contract for $12.5 million.

Oren Alexander of Douglas Elliman represented both Griffin and the buyer in the sale of the larger unit, which features a massive wraparound terrance and roof deck with pool.

Ryan Mendell of Maxwell E. Realty is the listing agent for the second condo, which is located directly under the penthouse.

Griffin, who has an estimated net worth of $21 billion, purchased the properties in 2015 for $60 million and is selling them at a loss of $12.5 million.

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