Alex Rodriguez, Ken Griffin and the Star Island home at 14 Star Island Generate (Getty, Miami Dade)
Billionaire hedge funder Ken Griffin has marketed a single of his lots of lucrative Star Island loads to previous baseball star turned serious estate trader Alex Rodriguez, The Authentic Deal has uncovered.
Griffin, the founder and CEO of Chicago-dependent Citadel, sold the ton at 14 Star Island Drive to Rodriguez, in accordance to a source acquainted with the deal. It is unclear what the ex-Yankee paid for the virtually 1-acre large amount. Griffin acquired the house in August 2020 for $24 million, but it was lately appraised at $44 million, the resource reported.
Rodriguez, chairman and CEO of Miami-based A-Rod Corp., options to employ a globe-renowned architect to structure a 20,000-sq.-foot mansion on the ton. Rodriguez could promote it as a spec residence, the resource explained.
A spokesperson for Rodriguez declined to comment. Griffin’s spokesperson did not respond to a ask for for remark.
Griffin has amassed a massive and valuable serious estate portfolio in South Florida, such as quite a few attributes on Star Island, an exclusive gated group where other homeowners contain Gloria and Emilio Estefan, Philip and Patricia Frost, Sean “Diddy” Combs, Lennar Corporation executive chairman Stuart Miller, billionaire LoanDepot founder and CEO Anthony Hsieh and plastic surgeon Leonard Hochstein, also known as the “Boob God.”
Griffin’s buys incorporate spending $75 million for 8/9 Star Island Drive late previous year $25 million for 10 Star Island Drive around the exact time and $37 million for 11 and 12 Star Island Travel in August of previous calendar year. Sources also pegged Griffin as the consumer powering the $32.5 million order of 13 Star Island Push, which had been linked to Rodriguez and his then-fiancée Jennifer Lopez, also in August of past yr.
Ultra luxurious waterfront homes in Miami-Dade have a new benchmark next Griffin’s $107 million obtain of Adrienne Arscht’s Coconut Grove estate in September, which set a report for the priciest-ever single-loved ones property acquire in Miami-Dade County.
If Rodriguez have been to acquire the Star Island home as a spec mansion, he could listing it for well over $100 million. Nearby at 27 Star Island Push, John Jansheski, the founder of DenTek whose father reportedly invented the at-household dental choose, recently re-shown his assets for $77 million with his ex-wife, Alyssa Morgan of the Side-backed brokerage The Inside Network and Oren Alexander of Formal, which is also backed by Aspect.
In addition to being a 14-time Significant League Baseball All-Star, Rodriguez is a co-owner of the NBA’s Minnesota Timberwolves and prospects Slam Corp., a unique intent acquisition corporation, as CEO along with equivalent lover Himanshu Gulati, chairman of Antara Money. In late 2020, Rodriguez’s A-Rod Corp. joint ventured with Adi Chugh of Maverick Industrial Properties to spend in CGI Service provider Group’s $650 million Hospitality Chance Fund, which acquired the lease on the former Trump International Resort in Washington, D.C. for $375 million.
