Citadel founder Ken Griffin is nearing the purchase of the roughly 30-acre Mana Wynwood campus in Miami's Wynwood neighborhood from Israeli developer Moishe Mana, with the deal valued at $700 million to more than $1 billion and expected to close by December 2026.

What exactly is Griffin buying?

The property Griffin is acquiring centers on 318 NW 23rd Street and spans several city blocks of Wynwood, encompassing Mana Wynwood's convention center and surrounding parcels that Moishe Mana has assembled over years of investment in the neighborhood. At the reported price range, the transaction would rank among the largest real estate deals ever recorded in South Florida.

  • Mana Wynwood's convention center anchors the 30-acre campus at 318 NW 23rd Street.
  • Total acreage covers multiple contiguous blocks in the Wynwood arts and commercial district.
  • Reported valuation ranges from $700 million on the low end to above $1 billion.

How far along is the transaction?

Sources familiar with the deal told The Real Deal Miami that most of the transaction has already closed, with the remainder expected to be completed by December 2026. The phased structure suggests both parties have reached substantial agreement on terms, even as final paperwork and any remaining contingencies are resolved.

  • Majority of the deal is reported to have already closed as of early September 2026.
  • Full completion is targeted before December 31, 2026.

Why does this matter for Wynwood and South Florida?

A completed sale at this scale would reshape the development trajectory of Wynwood, a neighborhood that has transformed over the past two decades from a warehouse district into one of Miami's most visited arts and entertainment corridors. Griffin, who relocated Citadel's global headquarters from Chicago to Miami's Brickell neighborhood in 2022, has become one of the most consequential private investors in South Florida real estate, and a purchase of this magnitude would significantly expand his footprint beyond Brickell.

  • Ken Griffin moved Citadel's headquarters to Brickell in 2022, signaling long-term commitment to Miami.
  • Wynwood sits immediately northwest of Midtown Miami and borders the Design District, making it a high-demand corridor.
  • Moishe Mana has held and developed properties across Wynwood for over a decade, betting on the neighborhood's long-term commercial potential.

What could Griffin do with 30 acres in Wynwood?

No formal development plans have been publicly disclosed for the campus following a potential acquisition. Given the site's scale — 30 acres is an unusually large contiguous holding for an urban Miami neighborhood — analysts and observers will watch closely for any rezoning applications, master plan filings with Miami-Dade County, or announcements tied to Citadel or Griffin's affiliated entities. The convention center component also adds a hospitality and events dimension that could factor into any redevelopment vision.

Original reporting on this transaction was published by VINnews and The Real Deal Miami.