Not only did Griffin buy both residential and commercial properties as well as land in Miami, but also decided to pack up and move himself and his entire Citadel corporation south. Griffin chose Miami as the new Citadel headquarters and also opened an office in Palm Beach.
His real estate purchases have included a variety of properties including a pair of penthouses at starchitect, Norman Foster designed Faena House in Miami Beach for $60 million, a ‘tear-down’ on ritzy Star Island for about $75 million, an $83 million, 50,000 square feet office building on Worth Avenue in Palm Beach and another next door. In downtown Miami, Griffin dug even deeper into his wallet and paid $363 million for a lot at 1201 Brickell Bay Drive in Miami and another for $20 million for a non-waterfront site at 1250 and 1260 Brickell Bay Drive and yet another at 1221 Brickell Avenue, a 28-story building for $286.5 million. This assemblage is for a 1000 feet tall skyscraper that will cost about $1 billion to build. When finished, it will include a helipad, marina and restaurants, with Griffin hoping to attract top tenants to the office space.