Niami’s “The One” to hit market

Construction said to be near completion, and agents picked for 100,000-square-foot Bel Air mansion

Los Angeles Archive /
Dec.December 01, 2020 06:00 PM
Nile Niami and "The One" mansion (Getty, Society Group PR)

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 developer previously boasted could fetch $500 million.

A Niami spokesperson said that construction is virtually complete with “finishing touches” on the interior pending. 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.

The agents and Niami have yet to agree on a price, Rayni Williams said. It will ask less than $500 million, but likely break the record for a home listing in Los Angeles County. 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.

Niami is known for his Hollywood Hills mansions as well as his flashy promotional videos and Instagram page. But The One has been beset by construction and financing delays, as it was first scheduled for completion in 2017.

While Niami has said in interviews that the home’s asking price is $500 million, The One has never actually hit the market. Williams, Williams and Kirman are its first assigned agents.

The listing would come amid an eventful several months for Niami.

A lender, Joseph Englanoff, took control of a Beverly Hills spec mansion, “The Opus,” from Niami in February.

In October, Compass sued Niami over an unpaid debt in using the company’s concierge service, though both parties say a settlement is close.

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.


Related Articles

arrow_forward_ios
Celebrity broker Ryan Serhant is renting his Hudson Square penthouse. (Serhant)
Ryan Serhant rents Lower Manhattan penthouse for $15K
Ryan Serhant rents Lower Manhattan penthouse for $15K
This Arkansas compound sits directly across from the University of Arkansas football stadium. (Getty, Realtor.com)
Arkansas’ priciest home lists near Fayetteville football stadium
Arkansas’ priciest home lists near Fayetteville football stadium
Glympton Park and Prince Bandar bin Sultan. (Getty, Twitter via NicholasKingsle)
Saudi prince sells 2K-acre UK estate to Bahrain’s royal family for $165M
Saudi prince sells 2K-acre UK estate to Bahrain’s royal family for $165M
Jerry Seinfeld and his Telluride estate (Getty, Realtor)
Jerry Seinfeld wants $15M for Telluride estate
Jerry Seinfeld wants $15M for Telluride estate
Tom Cruise and his four bedroom property. (Getty, LIV Sotheby's Realty)
Tom Cruise looks to sell sprawling Telluride compound for $40M
Tom Cruise looks to sell sprawling Telluride compound for $40M
Suneil Setiya and the One Hyde Park complex (Photos via Wikipedia Commons/Rob Deutscher and Synergos)
Phat flat: Hedge funder nears deal for $153M London penthouse
Phat flat: Hedge funder nears deal for $153M London penthouse
Bryan Cranston and his California beach house (Getty, Realtor)
“Breaking” news: Bryan Cranston lists eco-friendly SoCal beach pad
“Breaking” news: Bryan Cranston lists eco-friendly SoCal beach pad
21 Borrett Road 
Hong Kong condo sale shatters record in slumping market
Hong Kong condo sale shatters record in slumping market
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...