Skip to main content
CadNews - Comparative News Analysis
Topics
Sign in
Back to brief

Business & Finance · October 21, 2026

Ken Griffin’s New NYC Tower Gets $3.3 Billion Construction Loan

4 sources →

Ken Griffin, Vornado Realty Trust, and Rudin have secured a $3.3 billion construction loan to build a 1,400-foot skyscraper at 350 Park Avenue in New York City. The project, which will serve as the headquarters for Citadel and Citadel Securities, had previously faced uncertainty due to political friction with Mayor Zohran Mamdani. In separate reports, Griffin also warned that AI stocks may be in a bubble and criticized certain federal tax cuts for contributing to the $40 trillion national debt.

Read the original coverage

Reported by multiple outlets

  • A $3.3 billion construction loan was secured for a new tower on Park Avenue.
  • The project is a joint venture between Ken Griffin, Vornado Realty Trust, and Rudin.
  • The building will serve as the headquarters for Citadel and Citadel Securities.
  • There was previous political tension between Ken Griffin and Mayor Zohran Mamdani regarding the project.

Reported by only some outlets

  • The skyscraper will be 1,400 feet tall.
  • The project is located at 350 Park Avenue between East 51st and East 52nd streets.
  • Citadel will lease 1.05 million square feet of the 1.9 million square-foot tower.
  • The tower was designed by Foster + Partners and has an estimated completion date of 2032.
  • Lenders for the project include Wells Fargo and JP Morgan.
  • Griffin recently donated $10 million to the Senate Leadership Fund and $5 million to the Congressional Leadership Fund.

About these outlets

CadNews does not determine absolute truth or endorse political viewpoints. It compares publicly available reporting, identifies shared facts, highlights framing differences, and flags uncertainty.