When hedge-fund billionaire Ken Griffin announced plans to relocate his company Citadel to Miami last year, some predicted his presence—and subsequent bet on the local real-estate market—would shape the future of the city. Now, some local preservationists say Mr. Griffin is being cavalier about protecting the city’s past.

A proposal by Mr. Griffin to relocate a historic home on a site he purchased in Miami’s Coconut Grove for $106.875 million last year has become controversial in the community. Preservationists say a property of that level of historic designation, built around 1913 for three-time presidential candidate and onetime Secretary of State William Jennings Bryan and listed on the National Register of Historic Places, shouldn’t be moved, outside of extreme circumstances. Mr. Griffin says moving the home, possibly to a city-owned site, would allow the public access to it for the first time since it was built over a century ago.

You Might Like
Learn more about RevenueStripe...