The Architecture Commission reviews a proposed clay court for a vacant lot that is part of Citadel chief’s 27-acre estate on Billionaire’s Row.
Palm Beach Daily News
A representative of billionaire Ken Griffin has aced a proposal for a new lakefront tennis court designed for a vacant lot on the south end of the Citadel hedge fund manager’s massive Palm Beach estate.
The town’s Architectural Commission on Jan. 24 unanimously approved the design of the clay tennis court for the lot, which lies about a half-mile south of former President Donald Trump’s Mar-a-Lago Club.
A Griffin-linked company paid $18 million for the lot in June 2019 as part of its $104.99 purchase of La Follia, an ocean-to-lake estate with a Mediterranean-style mansion at 1295 S. Ocean Blvd., according to the property records. The properties were sold to Griffin’s limited liability company, Wemio LLC, by the estate of the late banking heiress and theater producer Terry Allen Kramer.
The oceanfront mansion stands on a lot of about 2.6 acres on the stretch of coastal road known to locals as Billionaires Row. The lakefront lot on the opposite side of South Ocean Boulevard measures a little less than 1.5 acres and has been vacant for years. It has about 206 feet of frontage on the Intracoastal Waterway.