Biz?? Buzz?? of the Week???: Billionaire Ken Griffin reveals design for Citadel's HQ tower; Tri-Rail nabs $200M in state funding and more.
South Florida Business Journal
The Miami region's source for local business news & events. Part of the American City Business Journals network.
Billionaire Ken Griffin reveals 54-story tower in Miami's Brickell by Brian Bandell
Citadel is building the largest single office building in South Florida, which would also include a high-end hotel and restaurant/retail space. Read more.
FDOT earmarks up to $200 million for Tri-Rail expansion by Erik Bojnansky
The Florida Department of Transportation has agreed to give more money for a South Florida Regional Transportation Authority / Tri-Rail project that will connect Miami's downtown area to northeast Miami-Dade County, and possibly beyond. Read more.
Downtown Miami hotel transferred to lender via deed in lieu of foreclosure by Cortney Danielle Moore
A hotel in downtown Miami has been transferred to its lender through a deed in lieu of foreclosure valued at $62 million, according to an Aug. 23 filing in Miami-Dade County Court. Read more.
Defense tech company goes public to grow drone business by Ashley Portero
Aventura-based Safe Pro Group Inc. raised $5.1 million in an initial public offering and began trading on the Nasdaq on Aug. 28 under the ticker symbol "SPAI." The company, which sells body armor, is also expanding into artificial intelligence solutions for analyzing drone imagery. Read more.
Billionaire Carl Icahn's firm taps investment bank to raise $400 million by Eman Elshahawy
Billionaire Carl Icahn has tapped New York-based investment banking powerhouse Jefferies to help Icahn Enterprises L.P. raise $400 million from investors. Read more.
Miccosukee tribe plans renovations to its golf course and country club by Dina Katgara
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The Miccosukee Tribe of Indians of Florida is proposing an expansion and renovation of its golf course and country club in Kendale Lakes. Read more.
ICYMI: Top Breaking News this Week
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Train Spotting: Full Steam Ahead (Exclusive)
Can Tri-Rail fill the commuter void left by Brightline? by Erik Bojnansky
As Brightline veers away from serving commuters in South Florida, Tri-Rail aims to pick up the slack and could emerge as the top transportation option for the region’s workforce.
For decades, Tri-Rail operated on state-owned tracks west of Interstate 95 from Miami International Airport to Mangonia Park near West Palm Beach. That changed earlier this year when Tri-Rail’s first station east of I-95 opened within Brightline’s MiamiCentral complex.
But now, deals are in the works that could pave the way for a taxpayer-funded, affordable train service to head further east from the downtown Miami station to Broward Health Medical Center in Fort Lauderdale by 2027, county reports indicate.
An expanded passenger rail system will enable South Florida to attract additional companies and provide opportunities for real estate developers to build more transit-oriented projects, economic development experts say.
That's all for this week's Biz Buzz, and thanks for supporting the SFBJ. This weekly round-up of South Florida's buzziest business news was compiled by Eman Elshahawy , digital producer. Questions? Comments? Concerns? News tips? Send them to [email protected] .
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