Citadel’s quest for 400,000 square feet of additional Manhattan space at 280 Park Avenue has hit the “pause” button.
Crain’s reported in June that Ken Griffin’s monster hedge fund was in negotiations with landlords SL Green and Vornado for the expansion space. The 1.27 million square-foot tower is sort of fully leased, but several large leases are on account of expire at the top of yr.
Now, nonetheless, sources say that the Citadel talks are on hold, even though it wasn’t immediately clear why.
Citadel has been on a hiring spree here, despite misinformed assertions that he was abandoning Recent York for Miami (where he indeed moved its headquarters from Chicago).
![Ken Griffin](https://nypost.com/wp-content/uploads/sites/2/2023/09/NYPICHPDPICT000011246190.jpg?w=1024)
Griffin has kept some Manhattan landlords on pins and needles over his real estate strategy. He was in talks last yr to take 200,000 square feet at Olayan America’s 550 Madison Ave., but no deal was struck.
Citadel is moving a lot of its staff to 425 Park Ave. from 520 Madison Ave. and from several other locations later this yr. It’s also planning a latest skyscraper at 350 Park Ave. in partnership with Vornado.
A source emphasized that a possible lease at 280 Park Ave. “was neither done nor dead.”