Under Construction

Citadel HQ

Name: Citadel HQ
Address: Miami

Official Website

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03.26

Start

2028

Completion

Floors

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Details

1201 Brickell Bay Drive, Miami. 52 floors. Broke ground March 2026, completing 2028.

The story so far

Announced 2026 est.

Broke ground 2026 est.Only site work has begun; full vertical construction anticipated mid-to-late 2026, and tower was redesigned (hotel nixed) in April 2026 — likely earlier than "construction"

therealdeal.com

Under construction Mar 2026Citadel HQ broke ground March 2026 and is in deep soil-mixing/foundation work, with vertical planned Q4 2026 (per Bisnow). Advance breaking-ground → construction

bisnow.com

Full block assembled Jul 2026Miami approved the $3M sale of the city-owned Jackson Cottage, completing Griffin's $770M+ assemblage of the block around 1201 Brickell Bay Drive; plan now 1.7M sf of office plus a 300-unit apartment building, hotel dropped (Bisnow)

bisnow.com

Stop-work order after rig collapse Sep 14, 2026an 85-foot deep soil-mixing rig fell onto Brickell Bay Drive, crushing three cars and trapping two workers; Miami-Dade issued a stop-work order pending a contractor safety plan while OSHA and the county investigate (Bisnow, The Real Deal, Bloomberg/WSJ)

bisnow.com

Work resumes after rig collapse Oct 2026Miami-Dade approved Keller North America's revised safety plan (crane mats under the soil-mixing rigs) on Oct 7, and ground improvement work restarted the week of Oct 12; OSHA review of the Sept 14 collapse continues.

bisnow.com

Foundation permit filed Mid 2026Citadel files a roughly $25M foundation permit for the 1201 Brickell Bay Drive tower, plus site-access and water-main permits, as the $11M soil-improvement phase winds down

floridiandevelopment.com

Expected opening 2028

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Milestones are dated to when they actually happened and linked to their source. This record fills in over time as TMW tracks the project.

TMW IntelligenceVerified Oct 18, 2026

AnnouncedBreaking GroundConstructionOpening SoonNow Open

TMW Intelligence

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About the project

Citadel HQ is the roughly $2.5 billion global headquarters for Ken Griffin's Citadel and Citadel Securities, rising at 1201 Brickell Bay Drive on a 2.5-acre bayfront site in Miami's Brickell financial core. Designed by Foster + Partners and co-developed with Related Companies, the approximately 1.7-million-square-foot tower is one of the largest office developments in Miami's history, with Citadel occupying roughly a third of the building and structural engineering by Thornton Tomasetti. Set directly on Biscayne Bay, the tower is conceived as a next-generation trading and financial workplace, cementing Brickell's rise as a national hub for finance.