It’s been six whole years since Ken Griffin bought more than half of a waterfront Palm Beach cul-de-sac with grand plans to transform the whole of Blossom Way into the sandy citadel Griffinia, where he could relax in peace without having to worry about seeing his ex-wife, or a neighbor waving to him from the beach, or that neighbor walking his dog, or that dog defiling his curb.
Last year, things were looking up, when one of those neighbors decided to sell up and give Griffin one of the remaining pieces to the Blossom Way puzzle. Since then, however, there’s been no movement from the owners of 10 or 60—which stand in between four of his properties and the other—and he’s sold up in Miami. And it seems KG has run out of patience. So all he can say to those stubborn squatters at the north end of his tropical kingdom is: I hope you enjoy the sound of earth movers working at 4 a.m. and finding copious drywall dust on your beach towels. Because, let him tell you: $114 million buys a lot of noise and a lot of dust.
A company controlled by hedge fund billionaire Kenneth Griffin took out two mortgages for a combined $114 million on land in Palm Beach that he intends to build a mansion on….
Palm Beach recently approved his plans for a massive home there, but construction hasn’t started.
Hedge fund billionaire signs $114M mortgage for future South Florida home [South Florida Business Journal]