Published by The Real Deal, August 25, 2020
A Company tied to Billionaire Hedge Fund Manager, Ken Griffin, paid $37 million for a double-lot on Miami Beach’s Star Island, where a number of multimillion-dollar sales have closed in recent months.
Stuart Miller, executive Chairman of Lennar Corp., sold the property at 11 and 12 Star Island Drive to 11 Star Island LLC, a Delaware company that lists Citadel’s Chicago address, property records show.
Griffin is founder, CEO and co-chief investment officer of Citadel, a Chicago-based hedge fund that’s been operating a temporary trading room in Palm Beach during the pandemic. Griffin owns some of the most expensive residential properties around the world. In South Florida, he owns two penthouse units at the ultra luxury condo building Faena House in Miami Beach, and has assembled land in Palm Beach for more than $350 million.
Miller sold the double lot through a land trust managed by attorney Brian Bilzin in an off-market deal.