Billionaire Ken Griffin adds to Palm Beach assemblage with $20M estate
Griffin has spent about $250M assembling land in the area
Billionaire Ken Griffin just closed on a property that’s part of his massive assemblage in Palm Beach for $20.25 million.
The deal brings the hedge funder’s total spent on Blossom Way and the surrounding area to about $250 million over the past six years. The estate at 10 Blossom Way adds nearly 2 acres west of South Ocean Boulevard to the 15 acres he already owned, making the assemblage the largest estate by far in the town, according to the Palm Beach Daily News.
The sellers, Roger and Susan Hertog, paid $9.2 million for the 10,800-square-foot mansion in 2003. It was once owned by golfer Raymond Floyd.
Griffin is tweaking his plans for the Billionaires Row project, which would have stretched longer than a football field. San Francisco-based architect Ugo Sap of Atelier Ugo Sap was handling the design.
Earlier this year, Griffin spent $58.5 million for the top four floors at JDL Development’s unfinished condo tower in Chicago. He heads the Chicago-based hedge fund Citadel, which has upwards of $27 billion in assets under management. [Palm Beach Daily News] – Amanda Rabines