Citadel’s Griffin Secures $3.3B Loan for 1,400-Foot NYC Tower

WHO:

Bloomberg Markets - Ken Griffin, Vornado Realty Trust and Rudin secured a construction loan.

Bloomberg Markets - New York Mayor Zohran Mamdani was mentioned in connection with Griffin’s opposition to him.

NY Post - Ken Griffin is involved in the Park Avenue skyscraper project.

WHAT:

Bloomberg Markets - Griffin, Vornado Realty Trust and Rudin secured a $3.3 billion construction loan for a new office tower.

NY Post - Griffin completed the deal to build a 1,400-foot Park Avenue skyscraper.

WHERE:

Bloomberg Markets - The planned office tower is on Manhattan’s Park Avenue.

NY Post - The skyscraper is planned for Park Avenue in New York City.

WHY:

Bloomberg Markets - The project’s future had been clouded after Mayor Zohran Mamdani provoked Griffin’s ire.

HOW:

Bloomberg Markets - The project was financed with a $3.3 billion construction loan.

(UPDATED October 21, 2026 15:05 UTC)

Ken Griffin, Vornado Realty Trust and Rudin secured a $3.3 billion construction loan for a new office tower on Manhattan’s Park Avenue. The project is planned as a 1,400-foot skyscraper in New York City. Its future had been clouded by Griffin’s opposition to Mayor Zohran Mamdani.