A Good Cup of Tea. The most expensive house in the urban world. These cookies do not store any personal information. 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.”. It will ask less than $500 million, but likely break the record for a home listing in Los Angeles County. Just 55,000 square feet. All he needs is a billionaire to snap up his LA hilltop mansion called The One. REAL NEWS, REAL DEALS DELIVERED DIRECTLY TO YOU. 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. 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. Try again later. LA mansion developer Nile Niami purchased three ranches from Space Invaders heiress Rita Kogan in 2012 for $28 million and combined them into a single estate. Truly. 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. 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,” … Javascript is disabled in your web browser. But opting out of some of these cookies may have an effect on your browsing experience. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Like nothing the world has ever seen. 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. 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. Saddled with debt, the … 'The One' has been in the making for the last seven years by ex-movie producer turned mega-mansion developer, Nile Niami. While Niami has said in interviews that the home’s asking price is $500 million, The One has never actually hit the market. 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. 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 record for a closed transaction is Amazon CEO Jeff Bezos’ purchase of David Geffen’s Beverly Hills home for $165 million earlier this year. But his plans are now in peril. We are having some technical difficulties. 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. We also use third-party cookies that help us analyze and understand how you use this website. 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. He is due to put an even more luxurious property, known as The One, on the market later this year. The Real Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry. "The One… 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.from … 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. A Niami spokesperson said that construction is virtually complete with “finishing touches” on the interior pending. 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. Just unreal. Like nothing the world has ever…” We also use third-party cookies that help us analyze and understand how you use this website. As the highest-listed home to hit the U.S. market, “The One” is a Bel Air estate that is an overindulgence of luxury. The One. 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." Necessary cookies are absolutely essential for the website to function properly. 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. 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. 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. You also have the option to opt-out of these cookies. 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. Famously known only as “ The One,” the mini shopping mall-sized estate straddles one of the highest promontories in Bel Air, spanning about 100,000 square feet of total living space. ABOUT: Built by ex-movie producer turned mega mansion developer, NILE NIAMI, The ONE will be America's largest and most expensive private residence These cookies will be stored in your browser only with your consent. The ONE, Bel Air, California– the most expensive home in the world. 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. 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. 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. 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. Necessary cookies are absolutely essential for the website to function properly. 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. Has He Built a House of Cards? 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. He has developed giga-mansions in Bel Air and Holmby Hills Early life. According to real estate blog Dirt, the One stretches a full quarter-mile down Stradella Road. So, who exactly is in the market for a $340,000 house with a parking garage and a whole-ass wing for “galas”? The brash California developer just unveiled The One, his $500 million project. These cookies are used to collect information about how you interact with our website and allow us to remember you. 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. Nile Niami’s ‘The One’ Bel Air Megamansion Finally Hits the Market, at a Discount Dirt - James McClain. 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. 58.1k Followers, 123 Following, 73 Posts - See Instagram photos and videos from Nile Niami (@nileniami) Stay up to date with everything you need to know about L.A. by following us on Facebook and Instagram. ft. mega-mansion went for “about $40 million&#… 4,004 Likes, 466 Comments - Nile Niami (@nileniami) on Instagram: “7 Years in the making. It is mandatory to procure user consent prior to running these cookies on your website. These cookies will be stored in your browser only with your consent. But his plans are now in peril. 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. 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 One” and done: Niami faces foreclosure on Bel Air spec mansion, How to sell a mansion for $350M? 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. The One is big enough to get legitimately lost on your own house. Despite hitting the market for $160 million less than originally planned, the palatial estate could still become the most expensive home ever sold in the United States. It is mandatory to procure user consent prior to running these cookies on your website. But his plans are now in peril. Niami is known for his Hollywood Hills mansions as well as his flashy promotional videos and Instagram page. Niami, known for his brazen personality and wildly ambitious real … 58.1k Followers, 123 Following, 73 Posts - See Instagram photos and videos from Nile Niami (@nileniami) The One:. This website uses cookies to improve your experience while you navigate through the website. This category only includes cookies that ensures basic functionalities and security features of the website. For years, spec developer Nile Niami has teased “The One” — a 100,000-square-foot mega-mansion in Bel-Air that he hoped to promote for $500 million. Nile Niami is done with “The One” but his financial troubles are mounting. 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. Comprising of 100,000-square-feet, 20-bedroom compound perched high above Bel Air on four acres, with spectacular 360-degree uninterrupted views. These cookies do not store any personal information. 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. Nile Niami (born c. 1968) is an American film producer and real estate developer. 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? Homes Nile Niami Is L.A.’s Megamansion King. 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 most expensive house in the urban world. The 105,000-square foot-luxury property is the latest spec mansion from movie producer turned real estate developer Nile Niami. 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. 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. 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. But his plans are now in peril. 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.

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