Billionaire Ken Griffin adds to Palm Beach assemblage with $20M estate

Griffin has spent about $250M assembling land in the area

May.May 17, 2018 01:30 PM

10 Blossom Way and Ken Griffin (Credit: Google)

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

Related Articles

Tiffany at 259 Worth Avenue

Breakfast at Tiffany’s? Palm Beach property owner plans luxury condo atop jeweler

Ambassador Hotel Cooperative Apartments (Credit: iStock)

Copperline Partners closes on bulk co-op deal in Palm Beach

320 Island Road (Credit: Zillow)

Heir to coal fortune lists Palm Beach estate for $38M

225 Seabreeze Avenue (Realtor)

Insurance mogul sells Palm Beach estate for $8M

Daily Digest Miami

The Fed lowered rates and real estate is loving it, JPMorgan dives into Miami affordable housing: Daily digest

1197 North Lake Way Drive

Big pharma heir sells Palm Beach estate for $17M

From left: Michael and Suzanne Ainslie with 202 Plantation Road and Ron Terwilliger (Credit: Getty Images and Redfin)

Ex-Lehman Brothers director sells Palm Beach home to retired Trammell Crow CEO

Daily Digest Miami

Antonio Brown gives deposition for allegedly damaging Sunny Isles condo, Baptist plans senior living in Coral Gables: Daily digest