I toured the Miami neighborhood where Ken Griffin is moving Citadel, his $51 billion hedge fund. I can see why he chose it — ‘Wall Street South’ lives up to the hype.


Alexandra HurtadoOct 12, 2022, 00:36 IST

  • Citadel CEO Ken Griffin announced earlier this year that he would be moving the firm’s headquarters to Miami.
  • Alexandra Hurtado, a Miami native, toured the Brickell area known as Wall Street South on a recent afternoon.

Earlier this year, Citadel CEO Ken Griffin announced that the $51 billion hedge fund would be moving its global headquarters from Chicago to Miami — specifically to the city’s vibrant finance hub, Brickell.

Earlier this year, Citadel CEO Ken Griffin announced that the $51 billion hedge fund would be moving its global headquarters from Chicago to Miami — specifically to the city’s vibrant finance hub, Brickell.

Citadel founder Ken Griffin has already moved with his family to the sunshine state.Citadel

Miami has become a hot destination in the finance world, with Brickell even earning the nickname “Wall Street South.”

Miami has become a hot destination in the finance world, with Brickell even earning the nickname "Wall Street South."

Brickell is the heart of Miami’s booming financial district.Sylvain Sonnet/Getty Images

I was born and raised in Miami, but Brickell is not an area I visit often. I headed over on a recent Monday afternoon to see how the neighborhood is shaping up.

I was born and raised in Miami, but Brickell is not an area I visit often. I headed over on a recent Monday afternoon to see how the neighborhood is shaping up.

Alexandra Hurtado

I could see right away that 830 Brickell, where Citadel has leased 90,000 square feet of space, is still under construction. The building is scheduled to be complete by the end of the year.

I could see right away that 830 Brickell, where Citadel has leased 90,000 square feet of space, is still under construction. The building is scheduled to be complete by the end of the year.

On the sunny day I strolled around the building, the blue sky and clouds reflected on the tower’s glass.Alexandra Hurtado

Judging by the looks of it, it seems possible — but take that with a grain of salt, since I know nothing about construction outside of what I’ve learned from TV shows like “Fixer Upper.”

Judging by the looks of it, it seems possible — but take that with a grain of salt, since I know nothing about construction outside of what I've learned from TV shows like "Fixer Upper."

Alexandra Hurtado

While Brickell Avenue, which is one avenue over, has more of a corporate feel, the area around 830 Brickell feels like more of a trendy residential area, with multiple places to explore and run errands post-work.

While Brickell Avenue, which is one avenue over, has more of a corporate feel, the area around 830 Brickell feels like more of a trendy residential area, with multiple places to explore and run errands post-work.

The building is next door to and within walking distance of numerous dining and entertainment spots.Alexandra Hurtado

As I was getting my steps in, I saw several people dressed like they were heading to work out. On one block alone there is an Equinox, SWEAT440, and SoulCycle studio.

As I was getting my steps in, I saw several people dressed like they were heading to work out. On one block alone there is an Equinox, SWEAT440, and SoulCycle studio.

Alexandra Hurtado

There’s no shortage of places to grab a quick bite to eat near the new headquarters. Walking around Mary Brickell Village, an open-air shopping center, I found everything from Subway, Moxies, and P.F. Changs to fun spots like Dolores But You Can Call Me Lolita.

There's no shortage of places to grab a quick bite to eat near the new headquarters. Walking around Mary Brickell Village, an open-air shopping center, I found everything from Subway, Moxies, and P.F. Changs to fun spots like Dolores But You Can Call Me Lolita.

Alexandra Hurtado

Of course, given that I was in “Wall Street South,” I saw several steakhouses and upscale spots, some of which had a dress code.

Of course, given that I was in  "Wall Street South," I saw several steakhouses and upscale spots, some of which had a dress code.

The exterior of the opulent Sexy Fish restaurant.Alexandra Hurtado

Komodo is another hot spot in Brickell, albeit a pricey one. It was empty when I popped in because it’s not open for lunch.

Komodo is another hot spot in Brickell, albeit a pricey one. It was empty when I popped in because it's not open for lunch.

Komodo serves dinner at 6 p.m; the lounge is open on Wednesdays, Fridays, and Saturdays.Alexandra Hurtado

You can grow up in Miami and still never get used to the heat — so to cool off I made my way to EAST Miami, a hotel across the street from 830 Brickell.

You can grow up in Miami and still never get used to the heat — so to cool off I made my way to EAST Miami, a hotel across the street from 830 Brickell.

Alexandra Hurtado

The hotel is home to the rooftop bar Sugar, which has some gorgeous views — including a direct view of Citadel’s new HQ. It’s a great after-work spot.

The hotel is home to the rooftop bar Sugar, which has some gorgeous views — including a direct view of Citadel’s new HQ. It’s a great after-work spot.

The drink I ordered, the Peach Face, was delicious and refreshing on a hot day.Alexandra Hurtado

I hadn’t realized that EAST Miami is also connected to Brickell City Centre, another open-air shopping center, where you’ll find high end brands like Lululemon Athletica, Reiss, and BOSS.

I hadn't realized that EAST Miami is also connected to Brickell City Centre, another open-air shopping center, where you'll find high end brands like Lululemon Athletica, Reiss, and BOSS.

Alexandra Hurtado

It’s also home to Zara and Saks, plus a variety of restaurants and even a CMX dine-in movie theater.

It's also home to Zara and Saks, plus a variety of restaurants and even a CMX dine-in movie theater.

Hey Eataly, if you’re looking for a new place to open, this is a great one.Alexandra Hurtado

Thankfully the center has an Apple store, which I popped into to buy something for an upcoming trip.

Thankfully the center has an Apple store, which I popped into to buy something for an upcoming trip.

Alexandra Hurtado

Many locals in Miami, myself included, shop for groceries at Publix. Brickell is home to two.

Many locals in Miami, myself included, shop for groceries at Publix. Brickell is home to two.

Publix’s slogan “where shopping is a pleasure,” and it’s certainly true.Alexandra Hurtado

Residents and workers also have a CVS Pharmacy on both Brickell Ave and 8th St., plus a Walgreens on 13th St.

Residents and workers also have a CVS Pharmacy on both Brickell Ave and 8th St., plus a Walgreens on 13th St.

The CVS in Brickell is open 24 hours.Alexandra Hurtado

An MD Now Urgent Care at 13th St. SE and S. Miami Avenue caught my eye. If you live or work in Brickell, you won’t need to venture too far for medical attention.

An MD Now Urgent Care at 13th St. SE and S. Miami Avenue caught my eye. If you live or work in Brickell, you won't need to venture too far for medical attention.

Knowing there’s an urgent care center nearby is always comforting.Alexandra Hurtado

Although it was relatively quiet that Monday afternoon, there were lots of young professionals in the area — and dogs. I saw plenty of pet owners taking their dogs out and even ran into one of my best friends and her pup.

Although it was relatively quiet that Monday afternoon, there were lots of young professionals in the area — and dogs. I saw plenty of pet owners taking their dogs out  and even ran into one of my best friends and her pup.

Alexandra Hurtado

Something I thought was cool and didn’t know existed is The Underline, a “linear park” that reminded me a bit of New York’s High Line.

Something I thought was cool and didn’t know existed is The Underline, a “linear park” that reminded me a bit of New York’s High Line.

The Underline is pet-friendly and you can walk or cycle; there’s also an “Urban Gym” and free events, like yoga classes, that are open to the public.Alexandra Hurtado

Getting around Brickell on foot is easy if you don’t mind the heat. But if you prefer wheels and don’t have a car, then there are Citi Bike rentals and Helbiz scooters available in the area.

Getting around Brickell on foot is easy if you don't mind the heat. But if you prefer wheels and don't have a car, then there are Citi Bike rentals and Helbiz scooters available in the area.

Alexandra Hurtado

While Miami doesn’t have a subway system, the Metrorail stops in Brickell, and there are multiple Metromover stations around.

While Miami doesn’t have a subway system, the Metrorail stops in Brickell, and there are multiple Metromover stations around.

The Metromover is free to ride.Alexandra Hurtado

Citadel’s future headquarters are near the Tenth St./Promenade Station. I also spotted the Miami Trolley, which is free to ride, going by.

Citadel's future headquarters are near the Tenth St./Promenade Station. I also spotted the Miami Trolley, which is free to ride, going by.

Alexandra Hurtado

Though I won’t be moving to Brickell anytime soon, I found the vibrant area where Citadel is setting up shop to be extremely convenient. In real estate, they say “location, location, location,” and Brickell has become an appealing one for young professionals.

Though I won't be moving to Brickell anytime soon, I found the vibrant area where Citadel is setting up shop to be extremely convenient. In real estate, they say "location, location, location," and Brickell has become an appealing one for young professionals.

Alexandra Hurtado



Source link