{"id":1533,"date":"2025-11-06T09:41:19","date_gmt":"2025-11-06T14:41:19","guid":{"rendered":"https:\/\/www.brickellsold.com\/blog\/ken-griffin-plans-to-build-private-yacht-marina-in-miami-adding-even-more-value-to-his-1-billion-property-portfolio\/"},"modified":"2026-04-13T10:42:36","modified_gmt":"2026-04-13T14:42:36","slug":"ken-griffin-plans-to-build-private-yacht-marina-in-miami-adding-even-more-value-to-his-1-billion-property-portfolio","status":"publish","type":"post","link":"https:\/\/www.brickellsold.com\/blog\/ken-griffin-plans-to-build-private-yacht-marina-in-miami-adding-even-more-value-to-his-1-billion-property-portfolio\/","title":{"rendered":"Ken Griffin Plans To Build Private Yacht Marina in Miami\u2014Adding Even More Value to His $1 Billion Property Portfolio: Mistakes to Avoid"},"content":{"rendered":"

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Even billionaires can have trouble finding parking\u2014especially if it involves a megayacht.<\/p>\n

Ken Griffin Plans To<\/strong> helps improve planning, consistency, and publishing quality when teams follow a repeatable workflow.<\/p>\n

Billionaire Ken Griffin<\/strong> could not find a place to park Viva, his 308-foot boat behemoth, near his estimated $170 million 6.5-acre compound on Star Island, so he’s going to build a megamarina across the bay.<\/p>\n

The exact parking spot will be at 120 MacArthur Causeway, according to BRG International, a luxury real estate firm. The notoriously hard-nosed Miami<\/a> Beach Planning Board approved the private marina this week, according to multiple reports.<\/p>\n

\u201cThis is almost an extension of his residence where his larger boats can be berthed,\u201d Griffin’s lawyer and former Miami Beach Mayor Neisen Kasdin<\/strong> told the planning board.<\/p>\n

The “boats” refer to the multiple yachts the hedge funder owns. The 3.8-acre marina can house up to nine, according to Bloomberg News, but the lawyer assured the board that Griffin would park only four.<\/p>\n

Viva was built by Feadship\u00a0in\u00a0the Netherlands, with exterior design by Azure Yacht Design and interior design by\u00a0Peter Marino<\/strong>. According to Superyacht Times, Viva is the 105th biggest yacht in the world.<\/p>\n

Realtor.com\u00ae reached out to the Miami Beach Planning Board and Griffin’s attorney for comment, but they did not respond.<\/p>\n

Ken Griffin pushed the luxury home market to new highs\u2014for better or worse. (Nordin Catic\/Getty Images for The Cambridge Union)<\/span><\/figcaption><\/figure>\n
\"Ken
Griffin has at least seven properties on Star Island totaling nearly 6.5 acres. Star Island is one of the most exclusive enclaves in Miami Beach. (Antony Keane Alvarez for WSJ)<\/span><\/figcaption><\/figure>\n

The superyacht is “environmentally friendly” and its interiors feel more like an “art museum,” according to Super Luxury Lifes. While it’s unclear what Griffin paid for this art museum on water, it’s been widely reported that the previous owner, Ultimate Fighting Championship billionaire Frank Fertitta<\/strong>, sold it to his fellow billionaire for $175 million.<\/p>\n

A vessel like this won’t get just any old marina. According to Bloomberg, the development will have four buildings, including a two-story building for the billionaire’s personal use with a pool, art gallery, and office space. And there will be a separate headquarters with a gym and pool for his yacht crew.<\/p>\n

Griffin also reportedly plans to hold events and parties, possibly for Art Basel, at the marina. This was a sticking point for the board, which wanted assurances that the marina, which is next to a naval base, wouldn’t keep service members up at night with raucous gatherings.<\/p>\n

\u201cMr. Griffin has only been here for what? Four years?” one board member reportedly groused. “It’s usually the fifth year that they take on the Miami mantra of loving those ragers.”<\/p>\n

Conditions for approval included requiring the Coast Guard\u2019s authorization for special events, prohibiting traffic from spilling onto the public causeway, and limiting speakers to being no louder than ambient noise, said Bloomberg.<\/p>\n

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