Home News Citadel Exec Buys Miami Home For Twice Its 2021 Price

Citadel Exec Buys Miami Home For Twice Its 2021 Price

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Scott Hazard and Ken Griffin of Citadel and Southwest 94th Street of Pine Crest (1Oak Studio, LinkedIn, Getty)

Another Citadel executive is moving to Miami to give the Pine Crest home seller a payday.

Former Google executive Scott Hazard, who joined the Chicago-based hedge fund in May as chief office officer, paid about $6.5 million for a house on Southwest 94th Street.

Hazard bought a 5 bedroom, 5,900 sq ft pine crest Marco and Gisele Torres’ home is just over $1,000 per square foot, according to real estate records.

Citadel employees have been searching for homes in South Florida since billionaire boss Ken Griffin announced in June that he would move hedge fund and financial services firm Citadel Securities to Miami. Griffin himself housing complex Over 10 years in South Florida.

The timing worked for the seller of the Pine Crest home, paying just $3.4 million in April 2021 and selling it to Hazard for nearly double that amount.

According to Zillow, the non-waterfront home has been put up for sale with One Sotheby’s International Realty’s Michael Martinez, with Coldwell Banker’s Gloria Arango representing the buyer.

A two-story home on 0.7 acres with a pool and summer kitchen was completed last year.

Citadel after announcing its move to Miami scoring space With the 830 Brickell Office Tower under construction, expanding existing offices in downtown’s Southeast Financial Center, Sterling Bay has built a new headquarters at another Bayfront location in Brickell.

Citadel employees South Florida’s top realtors to find your missing home. A partner at Citadel Securities purchased his North Coconut Grove home under construction in May, according to records.

Citadel is also expanding its footprint in Brickell. In addition to being linked with the purchaser of the 1201 Brickell Bay Drive development and a record sale, $363 millionand the $286.5 million in sales Recently paid for by Citadel, office building across from 1221 Brickell Bay Drive $20 million Apartment and adjoining lot at 1250 Brickell Bay Drive.

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