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. Default notices are nothing new for Niami. Spec developer Nile Niami has been issued a notice of default by bridge loan lender Hankey Capital, which helped finance the construction of his 105,000-square-foot mega-mansion known as The One. Gli interni della proprietà di 105.000 piedi quadrati sono rimasti un segreto gelosamente custodito.Fino ad ora. Has He Built a House of Cards? The The mansion became the … 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. REAL NEWS, REAL DEALS DELIVERED DIRECTLY TO YOU. But opting out of some of these cookies may have an effect on your browsing experience. Last year, he told the Wall Street Journal that there have been multiple times when he was forced to stop construction because of a lack of financing. Six Flags Magic Mountain’s COVID-19 safety measures begin at the theme park’s front gates, extend to rides and even affect the men’s bathrooms. Use Google Forms, Demolish this: Hadid’s embattled spec mansion lists as teardown, Trevor Noah pays $28M for Bel Air mansion after selling another, Kathy Griffin sells Bel Air mansion for $14M, Bezos, Geffen, Katzenberg dominate LA’s biggest resi sales of 2020, In deep in WeHo, Nile Niami sells Hollywood Hills pad, After 45% price cut, Bel Air spec mansion lists for $99M. Want a job? There are multiple solutions for Niami to avoid a forced sale of the property, which include paying back all or at least some of the loan or coming to an alternative agreement with the lender. Niami borrowed $82.5 million from Hankey Capital in 2018 to build the sprawling mansion, and that debt has since grown to around $110 million, the paper reported. 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. 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. 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… 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. 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. These cookies do not store any personal information. Bauunternehmer Nile Niami will 340 Millionen Dollar. Nile Niami is done with “The One” but his financial troubles are mounting. 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. Comprising of 100,000-square-feet, 20-bedroom compound perched high above Bel Air on four acres, with spectacular 360-degree uninterrupted views. 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 brash California developer just unveiled The One, his $500 million project. Since 2017, the average rent in Fresno has increased more than a third, with new high-end living options and even deeper struggles for low-income residents. 'The One' has been in the making for the last seven years by ex-movie producer turned mega-mansion developer, Nile Niami. We also use third-party cookies that help us analyze and understand how you use this website. 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 eight-acre estate centers on a 100,000-square-foot home with five swimming pools and extravagant amenities. Bauunternehmer Nile Niami will 340 Millionen Dollar. Anyway, for those of y’all unindoctrinated, The One is an unfinished giga-mansion located on a massive four-acre Bel Air promontory. By clicking Subscribe you agree to our Privacy Policy. Niami was born circa 1968 in Los Angeles, California. 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. After listing an over-the-top Beverly Hills home dubbed “Opus” for $100 million, he sold it last year for $38.3 million. Wer die 105.000 Quadratmeter große Villa in Bel Air sein Eigen nennen möchte, muss sehr tief in die Tasche greifen. But his plans are now in peril. For listing agents, Niami tapped Rayni and Branden Williams with Beverly Hills Estates and Aaron Kirman with Compass. According to a document obtained by The Times, the lender just served Niami a notice of default on the prized property, which is considered the first step in the foreclosure process. Times staff writer Roger Vincent contributed to this report. Most of the homes he develops cost from $100 million and above. But his plans are now in peril. ‘Riverdale’ creator Roberto Aguirre-Sacasa sells historic Nichols Canyon haunt. 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." Über 9750 Quadratmeter auf fünf Hektar Grund für 340 Millionen Dollar. “We hope our actions will kick off the official listing.” In late November, a Niami spokesperson said “finishing touches” were being put on the interior and the property would hit the market shortly, perhaps before year end. Earlier this week, Nile Niami announced he had sold his infamous Opus estate in Beverly Hills. Listing agents Rayni and Branden Williams of Williams & Williams at the Beverly Hills Estates and Aaron Kirman of the Aaron Kirman Group at Compass could not be reached for comment. Niles Niami specializes in homes for the super-rich. ft. mega-mansion went for “about $40 million&#… Has He Built a House of Cards? Niami paid $9.5 million for the 6,000 … “We feel the owners of ‘The One’ was distracted from the job at hand, which is to bring the biggest and best house in the United States to market for sale,” Hankey said. Many sources peg Nile Niami net worth at $50 million. For years, spec developer Nile Niami has teased “The One” — a 100,000-square-foot mega-mansion in Bel-Air that he hoped to You may occasionally receive promotional content from the Los Angeles Times. "The One… And ashamed. 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. Even among the colossal estates of Bel-Air, the house is over the top. Like nothing the world has ever seen. But his plans are now in peril. All he needs is a billionaire to snap up his LA hilltop mansion called The One. 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 (Credit: Pexels, Youtube) Mega-mansion developer Nile Niami dished on his latest palace of excess — the $500 million Bel Air mansion he calls The One… Anyway, for those of y’all unindoctrinated, The One is an unfinished giga-mansion located on a massive four-acre Bel Air promontory. 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. Residential Real Estate The One PR. The five violations made up a third of the 15 total fines handed out by the city from April to August last year. Movie producer turned real estate developer (of course) Nile Niami is delinquent on an $82.5 million construction loan from Hankey Capital for the 100,000-square-foot mega-mansion in Bel-Air. Niami unloaded the Hollywood Hills home for $9.58 million, which he bought five years ago from talent manager Scooter Braun, according to the Los Angeles Times. He has developed giga-mansions in Bel Air and Holmby Hills. Nile Niami (born c. 1968) is an American film producer and real estate developer. 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. Wer die 105.000 Quadratmeter große Villa in Bel Air sein Eigen nennen möchte, muss sehr tief in die Tasche greifen. 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. He also said that he has funded construction with cash from sales of other properties. Construction wrapped on the property in December. 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. He has developed giga-mansions in Bel Air and Holmby Hills. Trucking, nursing and customer service workers are in demand. 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,” … 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. Many sources peg Nile Niami net worth at $50 million. For years, spec developer Nile Niami has teased “The One” — a 100,000-square-foot mega-mansion in Bel-Air that he hoped to Originally listed at $100 million, the 20,000 sq. 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. Early life. If Niami can’t repay the loan in 90 days, Hankey could force a sale of the home. 'The One' has been in the making for the last seven years by ex-movie producer turned mega-mansion developer, Nile Niami. Like nothing the world has ever…” From the visionary developer of 21st-century mansions, Nile Niami, THE ONE is the world's largest and most expensive residential listing. Secured global press opportunities . 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 […] ‘Riverdale’ developer Roberto Aguirre-Sacasa hauled in $2.3 million for his 1920s townhouse with a historic Hollywood past. A jellyfish tank and frozen room with ice bar were nixed. Another Niami spec mansion, dubbed “Opus,” that he once wanted to list for $100 million, sold late last year, and was valued at $38 million. But his plans are now in peril. Try again later. ABOUT: Built by ex-movie ... NILE NIAMI, The ONE will be America's largest and most expensive private residence . 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. Nile Niami is done with “The One” but his financial troubles are mounting. In addition to the outstanding loans, Niami has also been fined five times for parties at his properties that violated L.A.’s coronavirus social distancing orders, according to the Daily Mail. 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. “We felt the owner of ‘The One’ was distracted from the job at hand, which is to bring the biggest and best house in the United States to market for sale,” said Don Hankey, chairman of Hankey Investment Co. “We hope our actions will kick off the official listing.”. He is famous for developing extremely luxurious mansions with his 100,000 square-foot home in Bel Air dubbed “The One” and considered one of the most expensive private residence in the world listed at $500 million. But his plans are now in peril. Nile Niami at his completed property The Opus in Los Angeles, California. 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. By comparison, the White House weighs in at just under 55,000 square feet; the 115-room Hearst Castle makes do with a modest 68,500. In 2019, the owners of the famed Mountain in Beverly Hills — a 157-acre lot considered the city’s finest piece of undeveloped land — faced a foreclosure sale due to $200 million in unpaid loans. Along with Niami, Rotondi, founder of KFR Design, worked on the interior design to shape distinctive spaces that flow into one another despite the grandness of the house. In 2019, Niami tried to sell a West Hollywood home with a glass-bottomed pool and cryogenic chamber for $55 million but couldn’t find a buyer. The nation’s hottest housing market? The most expensive house in the urban world. But his plans are now in peril. These cookies will be stored in your browser only with your consent. 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 was born circa 1968 in Los Angeles, California. Spec developer Nile Niami has been issued a notice of default by bridge loan lender Hankey Capital, which helped finance the construction of his 105,000-square-foot mega-mansion known as The One. Late last year, he put the property into bankruptcy. Dopo quasi un decennio di progettazione e sviluppo, quella che viene definita «la casa più costosa del mondo» è finalmente pronta.Si trova su un terreno di cinque acri nell’elegante quartiere di Bel Air a Los Angeles e si chiama The One. 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. Before joining The Times as an intern in 2017, he wrote for the Columbia Missourian and Politico Europe. Seeking $340 million, the Bel Air estate was completed in January following eight years of construction. How to sell a mansion for $350M? Over the last three years, that debt has ballooned to more than $110 million, and Hankey wants its money. The Real Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry. The ONE, Bel Air, California– the most expensive home in the world. Like nothing the world has ever…” All he needs is a billionaire to snap up his LA hilltop mansion called The One. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. 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. A Midwestern boy at heart, he was raised in St. Louis and studied journalism at the University of Missouri. Nile Niami, the brash real-estate developer known for his over-the-top megamansions, has placed one of his high-priced spec homes in bankruptcy. Founder and chairman Don Hankey said the notice of default is meant to motivate a listing. The mansion, dubbed 'The One' and developed by former film producer Nile Niami, sits atop a hill in the affluent Los Angeles neighborhood of Bel Air and is expected to be ready for sale this year. All rights reserved © 2021 The Real Deal is a registered Trademark of Korangy Publishing Inc. Necessary cookies are absolutely essential for the website to function properly. Otherwise, Hankey could force a sale, according to the report. 42 Bäder, 21, Schlafzimmer, 30 Garagen, fünf Swimmingpools. 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. You also have the option to opt-out of these cookies. He received two in 2020 alone: one for a debt of $10 million on a property he owns at 1369 Londonderry Place in the Hollywood Hills, and one for a debt of $23.4 million on a mansion at 10701 Bellagio Road that he’s currently trying to sell for $59 million in Bel-Air. The brash California developer just unveiled The One, his $500 million project. Javascript is disabled in your web browser. The mansion, deemed 'The One' and developed by former film producer Nile Niami, sits atop a hill in the affluent Los Angeles neighborhood of Bel Air and is expected to be ready for sale in mid-2018. Nile Niami has sold off one of his own homes in the Hollywood Hills, as the once high-flying spec developer now faces a lawsuit and recently threw a West Hollywood mansion into bankruptcy. 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. Photograph: Dan Tuffs for the Guardian . 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. We are having some technical difficulties. Niami once hoped to sell the mansion for $500 million, but there are reports that it could list for $350 million. He has got a lot of name and fame in his profession and has got a huge net worth too. But his plans are now in peril. 58.1k Followers, 123 Following, 73 Posts - See Instagram photos and videos from Nile Niami (@nileniami) 4,004 Likes, 466 Comments - Nile Niami (@nileniami) on Instagram: “7 Years in the making. To promote his $100 million Beverly Hills spec home, dubbed Opus, Nile Niami teamed up with Drew Fenton to create 2017’s most provocative listing video. But such sales, even for prized properties, are not without precedent. Niles Niami specializes in homes for the super-rich. One of the application questions for those interested in buying the $350M estate asks from which influencer did bidders learn about the property . Englanoff took control of the property, rebranded it and sold it for $47 million later that year. This website uses cookies to improve your experience while you navigate through the website. Bauunternehmer Nile Niami will 340 Millionen Dollar. Bauunternehmer Nile Niami will 340 Millione [...] Den ganzen Artikel lesen: "The One": Das teuerste Wohnhaus der Wel...→ #Nile Niami Nile Niami has sold off one of his own homes in the Hollywood Hills, as the once high-flying spec developer now faces a lawsuit and recently threw a West Hollywood mansion into bankruptcy. Homes Nile Niami Is L.A.’s Megamansion King. The buyer turned out to be Joseph Englanoff, one of Niami’s lenders for the project. Features; a 5,500-square-feet master suite,18 bedrooms, 30 … He has soon come to the top in the world of real estate and has developed many mansions. The ONE, Bel Air, California– the most expensive home in the world. He is due to put an even more luxurious property, known as The One, on the market later this year. Nile Niami is an American film producer and a real estate developer. The most expensive house in the urban world. Niami paid $9.5 million for the 6,000 … A famous LA mansion called “The One” that originally had a planned list price of approximately $500 million in 2017 now faces the threat of default, according to LA Times.. Movie producer turned real estate developer (of course) Nile Niami is delinquent on an $82.5 million construction loan from Hankey Capital for the 100,000-square-foot mega-mansion in Bel-Air. 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. Atlanta shootings expose outdated Asian American stereotypes — and largest U.S. income gap. Six Flags Magic Mountain reopens: COVID safety measures change even the bathrooms. 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. He is due to put an even more luxurious property, known as The One, on the market later this year. They tried to delay the sale by declaring bankruptcy, but their efforts were unsuccessful, and the land was auctioned off outside a Pomona courthouse. Niami unloaded the Hollywood Hills home for $9.58 million, which he bought five years ago from talent manager Scooter Braun, according to the Los Angeles Times. The Atlanta shootings revealed a less-recognized and growing segment of the Asian American immigration story — one that doesn’t fit the stereotype. Niami has had some bad luck over the last year. Nile Niami, the brash real-estate developer known for his over-the-top megamansions, has placed one of his high-priced spec homes in bankruptcy. 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 … Wer die über 9700 Quadratmeter große Villa in Bel Air sein Eigen nennen möchte, muss sehr tief in die Tasche greifen. And I did it.”, The home still has not officially surfaced for sale, but Niami did recently release a Google Forms application that asks prospective buyers to supply their name, email address, phone number and proof of funds along with the question, “Which influencer did you find out from?”. Nile Niami at his completed property The Opus in Los Angeles, California. But his plans are now in peril. Please Allow Javascript and reload this page. Column: Scam victims may feel stupid. Along with Niami, Rotondi, founder of KFR Design, worked on the interior design to shape distinctive spaces that flow into one another despite the grandness of the house. He is famous for developing extremely luxurious mansions with his 100,000 square-foot home in Bel Air dubbed “The One” and considered one of the most expensive private residence in the world listed at $500 million. WHAT WE DID: Secured global press opportunities of the property during the construction over 3 years ago until its recent completion when the price was $500 Million. Some of these positions require training and certifications, but the training often can be done in as little as a few months and, sometimes, while on the job. It’s helpful to open up about those feelings. 4,004 Likes, 466 Comments - Nile Niami (@nileniami) on Instagram: “7 Years in the making. And that’s perfectly normal. Former Rams receiver Brandin Cooks just sold his 2.3-acre estate on a Hidden Hills hilltop for $5.4 million. Still being developed by Nile Niami and architect Paul McClean, who have taken seven years to construct so far. Rams veteran Brandin Cooks sells home turf in Hidden Hills. Most of the homes he develops cost from $100 million and above. The primary suite alone is bigger than the average U.S. home at 4,000 square feet. The main suite alone is more than 4,000 square feet. Hankey just served a notice of default on The One, giving Niami 90 days to repay or renegotiate the terms of the debt. Niami ended up axing some of the amenities he teased, including a jellyfish tank and a frozen room with an ice bar, but he still saved space for a nightclub, four-lane bowling alley, 50-seat theater, juice bar, putting green, golf simulator, beauty salon, yoga platform and five swimming pools. Wer die 105.000 Quadratmeter große Villa in Bel Air sein Eigen nennen möchte, muss sehr tief in die Tasche greifen. Surprise — it’s Fresno. nileniami THE ONE BEL AIR 7 Years in the making. Many people didn’t know that he started as a film producer and then moved on to the real estate development world. Thrill seekers visiting Friday didn’t seem to mind. Last summer, he posted a cryptic video on his Instagram account declaring it was 10 weeks away from completion, saying, “Seven years ago, I had an idea to create the biggest, most expensive house in the urban world: The One Bel-Air. Nile Niami (born c. 1968) is an American film producer and real estate developer. The One. The estate stretches across eight acres on a promontory lot and centers on a 100,000-square-foot palace that looks more like a futuristic spacecraft or a Bond villain’s lair than a home. The most expensive house in the urban world. Still being developed by Nile Niami and architect Paul McClean, who have taken seven years to construct so far. The The mansion became the … The mansion, dubbed 'The One' and developed by former film producer Nile Niami, sits atop a hill in the affluent Los Angeles neighborhood of Bel Air and is expected to be ready for sale this year. Photograph: Dan Tuffs for the Guardian . He took out a $200,000 loan from Compass for a separate Bel-Air property he was trying to sell in 2019, and the real estate company sued him in October for failing to repay it, records show. Lakers GM Rob Pelinka lists Newport Beach retreat for $3.95 million. Homes Nile Niami Is L.A.’s Megamansion King. 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. A sustained recovery from the COVID recession appears to be taking hold as vaccinations accelerate, stimulus checks are spent and businesses reopen. It is mandatory to procure user consent prior to running these cookies on your website. In the last three years, the property’s debt has surged to as high as $110 million. Psychologists say being victimized by a scammer can leave you feeling foolish and ashamed. This category only includes cookies that ensures basic functionalities and security features of the website. Jack Flemming covers luxury real estate for the Los Angeles Times. 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. Dubbed "The One," the 100,000-square-foot estate, located in Los Angeles' Bel-Air neighborhood, was designed by luxury real estate developer Nile Niami… For full functionality of this site it is necessary to enable JavaScript. The mansion sits on an eight-acre promontory overlooking the city and is packed with amenities, including five swimming pools, a 50-seat home theater, beauty salon, four-lane bowling alley, and 20 bedrooms. U.S. employers add 916,000 jobs in March as hiring accelerates. 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 threw his own West Hollywood home into bankruptcy in December and not long after sold a Hollywood Hills mansion. Work with us. Comprising of 100,000-square-feet, 20-bedroom compound perched high above Bel Air on four acres, with spectacular 360-degree uninterrupted views.