Niami, known for his brazen personality and wildly ambitious real estate projects, borrowed $82.5 million from Hankey Capital in 2018 to build the extravagant home. The home sits on five acres and is … Sold yet? The home hasn’t been listed, but will be handled by Branden and Rayni Williams of the Beverly Hills Estates, along with Compass real estate’s Aaron Kirman. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. We also use third-party cookies that help us analyze and understand how you use this website. Nearly a decade ago, mega-mansion developer Nile Niami set out to build “the most expensive house in the urban world.” What he came up with is “the One,” … You also have the option to opt-out of these cookies. All rights reserved © 2021 The Real Deal is a registered Trademark of Korangy Publishing Inc. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. The ‘World’s Most Expensive Home’ Has Been Unveiled and It’s Really Something, Puerto Vallarta Offers The Adventure You Need, The Best Bev for Our Anxiety Addled Times? This website uses cookies to improve your experience while you navigate through the website. Still being developed by Nile Niami and architect Paul McClean, who have taken seven years to construct so far. Javascript is disabled in your web browser. For years, spec developer Nile Niami has teased “The One” — a 100,000-square-foot mega-mansion in Bel-Air that he hoped to sell for $500 million. All he needs is a billionaire to snap up his LA hilltop mansion called The One. Niami, known for his brazen personality and wildly ambitious real estate projects, borrowed $82.5 million from Hankey Capital in 2018 to build the extravagant […] Please Allow Javascript and reload this page. This category only includes cookies that ensures basic functionalities and security features of the website. So, who exactly is in the market for a $340,000 house with a parking garage and a whole-ass wing for “galas”? Niami, known for his brazen personality and wildly ambitious real estate projects, borrowed $82.5 million from Hankey Capital in 2018 to build the extravagant home. The ONE, Bel Air, California– the most expensive home in the world. Much like Mohamed Hadid’s ill-fated, unfinished La Strada, which is set to be demolished once it’s sold, the One’s protracted construction timeline and outsize footprint riled neighbors, inspiring them to form an association and raise $750,000 to enact stricter limits on home sizes. In October, Compass sued Niami over an unpaid debt in using the company’s concierge service, though both parties say a settlement is close. The ONE, Bel Air, California– the most expensive home in the world. Nile Niami is getting serious about selling “The One” — a Bel Air spec mansion that the developer previously boasted could fetch $500 million. Its rumored $340 million price tag matches its magnitude, although it falls short of the $500 million Niami had reportedly hoped to reel in for the property. Niami told the magazine at the time, “To be able to say that the biggest and the most expensive house in the world is here, that will be really good for L.A.,” but not everyone has agreed. For years, spec developer Nile Niami has teased “The One” — a 100,000-square-foot mega-mansion in Bel-Air that he hoped to sell for $500 million. But his plans are now in peril. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. The agents and Niami have yet to agree on a price, Rayni Williams said. Round-up of top news and topics for each of the following cities: Editorially-curated headlines and news to know for the following areas: The numbers behind office leases, retail, sales and financing. After more than eight years in planning and construction, the Los Angeles area’s most colossal home is finally ready for its official public debut. And the Daily Mail reported this week that the city of Los Angeles fined Niami five times this year for house parties in violation of Covid laws against large social gatherings. Stay up to date with everything you need to know about L.A. by following us on Facebook and Instagram. But his plans are now in peril. But his plans are now in peril. Saddled with debt, the spec mansion developer is facing foreclosure on the recently-completed 100,000-square-foot Bel Air property, according to the Los Angeles Times. He has developed giga-mansions in Bel Air and Holmby Hills Early life. The Real Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry. Nile Niami’s 105,000-square-foot Bel-Air spec mansion known as ”the One” is rumored to be going for a cool $340 million, This website stores cookies on your computer. These cookies do not store any personal information. The brash California developer just unveiled The One, his $500 million project. Has He Built a House of Cards? Designed by architect Paul McClean and interior designer Kathryn Rotondi, the L.A. mansion is set to become the third largest home in America, landing between Oheka Castle in New York (109,000 square feet) and Winterthur in Delaware (96,000 square feet); by comparison, Mar-a-Lago clocks in at a downright cramped 62,500 square feet. It’s being built by real estate developer Nile Niami and his longtime architect associate Paul McClean — arguably the most successful pair of spec-mansion builders that LA has ever seen. Homes Nile Niami Is L.A.’s Megamansion King. Comprising of 100,000-square-feet, 20-bedroom compound perched high above Bel Air on four acres, with spectacular 360-degree uninterrupted views. The One:. The sheer size is impressive, but the list of amenities is really something (grab a snack; we’ll be here for a minute) and includes: 42 bathrooms, 21 bedrooms, a 5,500-square-foot master suite, a 30-car garage with two car-display turntables, a mote, a 400-foot jogging track, 360-degree views of L.A., 26-foot ceilings, a four-lane bowling alley, a spa level, a movie theater, a 200-cap “philanthropy wing” for charity galas with floating pods overlooking Los Angeles, a 10,000-square-foot sky deck with a putting green, five swimming pools, a juice bar, a cigar lounge, a custom tequila bar, a hair salon, and a gallery with custom-curated artworks by Creative Art Partners. Share this page:TwitterFacebookGoogle+PinterestLinkedinEmail The One, a 100,000-square-foot mega-mansion in Bel-Air, may be headed for foreclosure as developer Nile Niami owes more than $110 million in outstanding loans. By comparison, the White House weighs in at just under 55,000 square feet; the 115-room Hearst Castle makes do with a … A lender, Joseph Englanoff, took control of a Beverly Hills spec mansion, “The Opus,” from Niami in February. It is the most expensive private residence in the United States, and at 100,000 square feet will be one of the largest private homes in the US. Nile Niami's 105,000-square-foot Bel-Air mansion known as "the One" is rumored to be going for $340 million, making it the most expensive home in the U.S. The One, a 100,000-square-foot mega-mansion in Bel-Air, may be headed for foreclosure as developer Nile Niami owes more than $110 million in outstanding loans. Necessary cookies are absolutely essential for the website to function properly. For years, spec developer Nile Niami has teased “The One” — a 100,000-square-foot mega-mansion in Bel-Air that he hoped to sell for $500 million. It is mandatory to procure user consent prior to running these cookies on your website. Los Angeles Times - For years, spec developer Nile Niami has teased “The One” — a 100,000-square-foot mega-mansion in Bel-Air that he hoped to sell for $500 million. The One is big enough to get legitimately lost on your own house. Nile Niami and “The One” mansion (Getty, Society Group PR) Nile Niami is getting serious about selling “The One” — a Bel Air spec mansion that the … In debt, spec mansion developers are facing a recently completed 100,000-square-foot foreclosure of Bel Air’s real estate, according to the Los Angeles Times. For years, spec developer Nile Niami has teased “The One” — a 100,000-square-foot mega-mansion in Bel-Air that he hoped to Source link Related PostsLooming evictions may soon make 28 million homeless in U.S., expert saysMajor apartment developer: 'There is an acute crisis headed our … He is due to put an even more luxurious property, known as The One, on the market later this year. Photograph: Dan Tuffs for the Guardian To find out more about the cookies we use, see our. 4,004 Likes, 466 Comments - Nile Niami (@nileniami) on Instagram: “7 Years in the making. nileniami THE ONE BEL AIR 7 Years in the making. Nearly a decade ago, mega-mansion developer Nile Niami set out to build “the most expensive house in the urban world.” What he came up with is “the One,” an outrageous 105,000-square-foot spec mansion perched on a five-acre parcel in Bel-Air with panoramic views of the plebs below. Just unreal. Necessary cookies are absolutely essential for the website to function properly. Photo: theonecalifornia/Instagram Developer Nile Niami once had grandeurs of listing his magnum opus, a 105,000-square-foot mega-mansion known as The One, for upwards of $500 million. The White House? ABOUT: Built by ex-movie producer turned mega mansion developer, NILE NIAMI, The ONE will be America's largest and most expensive private residence The most expensive house in the urban world. This category only includes cookies that ensures basic functionalities and security features of the website. Nearmi borrowed $ 82.5 million from Hanky … Saddled with debt, the … 58.1k Followers, 123 Following, 73 Posts - See Instagram photos and videos from Nile Niami (@nileniami) As GQ explained back in 2015, buyers of “homes” of this magnitude typically “live on other continents and visit these properties for only a week or two each year, using them mainly as places to park their wealth.”. Nile Niami’s ‘The One’ Bel Air Megamansion Finally Hits the Market, at a Discount Dirt - James McClain. But The One has been beset by construction and financing delays, as it was first scheduled for completion in 2017. But his plans are now in peril. Anyway, for those of y’all unindoctrinated, The One is an unfinished giga-mansion located on a massive four-acre Bel Air promontory. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. REAL NEWS, REAL DEALS DELIVERED DIRECTLY TO YOU. Niami, known for his brazen personality and wildly ambitious real estate projects, borrowed $82.5 million from Hankey Capital in 2018 to build the extravagant home. Developer Nile Niami once had grandeurs of listing his magnum opus, a 105,000-square-foot mega-mansion known as The One, for upwards of $500 million. Niami, known for his brazen personality and wildly ambitious real estate projects, borrowed $82.5 million from Hankey Capital in 2018 to build the extravagant home. 'The One' has been in the making for the last seven years by ex-movie producer turned mega-mansion developer, Nile Niami. Movie producer and real estate developer Nile Niami’s newly completed mega-mansion has been a labor of love since the land was purchased in 2012. As the highest-listed home to hit the U.S. market, “The One” is a Bel Air estate that is an overindulgence of luxury. But opting out of some of these cookies may have an effect on your browsing experience. But his plans are now in peril. Nile Niami, Don Hanky and The One (Getty, Society Group PR) Nile Niami It’s done in “The One,” but his financial problems continue to grow. Williams, Williams and Kirman are its first assigned agents. Nile Niami at his completed property The Opus in Los Angeles, California. A Good Cup of Tea. Speculative developer Nile Niami, who is building a 100,000-square-foot Bel-Air mansion with a rumored price of $500 million, has sold another project in Beverly Hills for about $50 million. And the 100,000-square-foot mansion will hit the market soon, perhaps before year’s end, said Rayni Williams, of the newly formed Beverly Hills Estates Inc. Rayni Williams and Branden Williams of Beverly Hills Estates along with Compass’s Aaron Kirman will have the listing. Nile Niami is probably best-known for constructing a 100,000 square-foot spec home in Bel Air dubbed "The One" which he listed for $500 million. Nile Niami hosts over-the-top bashes plotted to attract buzz and buyers to his supermansions amid a cooling real estate market: "In my life, everything is for sale." Still being developed by Nile Niami and architect Paul McClean, who have taken seven years to construct so far. These cookies will be stored in your browser only with your consent. Niami, known for his brazen personality and wildly ambitious real estate projects, borrowed $82.5 million from Hankey Capital in 2018 to build the extravagant home. But his plans are now in peril. But his plans are now in peril. The One. We use this information in order to improve and customize your browsing experience and for analytics and metrics about our visitors both on this website and other media. It will ask less than $500 million, but likely break the record for a home listing in Los Angeles County. Niami, known for his brazen personality and wildly ambitious real … ft. mega-mansion went for “about $40 million&#… Like nothing the world has ever seen. For full functionality of this site it is necessary to enable JavaScript. These cookies will be stored in your browser only with your consent. … Nile Niami and Don Hankey with The One (Getty, Society Group PR) Nile Niami is done with “The One” but his financial troubles are mounting. The 105,000-square foot-luxury property is the latest spec mansion from movie producer turned real estate developer Nile Niami. Just 55,000 square feet. For years, spec developer Nile Niami has teased “The One” — a 100,000-square-foot mega-mansion in Bel-Air that he hoped to sell for $500 million. Originally listed at $100 million, the 20,000 sq. By clicking Subscribe you agree to our Privacy Policy. Use Google Forms, Demolish this: Hadid’s embattled spec mansion lists as teardown, Trevor Noah pays $28M for Bel Air mansion after selling another, Staycationers sue luxury rental service for “abysmal” Malibu getaway, Kathy Griffin sells Bel Air mansion for $14M, Bezos, Geffen, Katzenberg dominate LA’s biggest resi sales of 2020.

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