First look: Inside hedgie’s vision to replace $50M Beverly Hills teardown

Los Angeles /
Mar.March 13, 2017 05:00 PM

A hedge funder who purchased two adjacent lots on N. Hillcrest Road for a combined $50 million is planning to replace an old Mexican-style residence with a contemporary, museum-like compound, The Real Deal has learned.

Renderings obtained by TRD show a sleek, low-slung structure surrounded by trees, with a running waterfall and river-like features throughout.

The hedge funder, David Kabiller, said that the renderings were just early mockups of what the property will look like when it’s completed in the next two years. Nothing is final, he said, declining to comment further.

The initial renderings were designed by mansion architects Shubin Donaldson.

“This is beyond modern design,” said one person with knowledge of the plans. “It’s going to be one of the best homes in Beverly Hills.”

Kabiller, a co-founder of investment management firm AQR Capital Management, is just one of a series of bigwigs calling N. Hillcrest home. Other big names include Twinkies heir Daren Metropolous, who recently bought a $65 million mansion on the cul-de-sac, and Minecraft mogul Markus Persson, who bought a $70 million contemporary home there in 2014.

The original residence on the site dated back to 1959 and was built for entrepreneur Cliff Garrett. Kabiller bought it from Henry Borroughs, the founder of Fortress Capital.

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