A Private Villa Worth US$ 500 Million Is Being Built In USA
Source: http://www.bloomberg.com/news/articles/2015-05-26/california-dreaming-record-500-million-tag-on-l-a-
#house #usa #losangeles #record #architecture #construction
One of the biggest homes in U.S. history is rising on a Los Angeles hilltop, and the developer hopes to sell it for a record US$ 500 million.
Nile Niami, a film producer and speculative residential developer, is pouring concrete in L.A.'s Bel Air neighborhood for a compound with a 6,9 thousand square meter main residence and three smaller homes, according to city records. The project, which will take at least 20 more months to complete, will exceed 9,3 thousand square meters, including a 465 square meters master bedroom, a 30-car garage and a "Monaco-style casino," Niami said.
Niami's project, on a 1.6-hectare hilltop lot, will have 360-degree views of the Pacific Ocean, Beverly Hills, downtown Los Angeles and the San Fernando Valley. Plans called for removal of almost 30,600 cubic meters of earth, the equivalent of an American football field covered by 6 meters of dirt.
Niami's mansion is set to be the largest built in the U.S. this century, surpassing Versailles, a 8,3 thousand square meters chateau in Windermere, Florida, under construction for David Siegel, founder and chief executive officer of Westgate Resorts.
Estates with views of the Los Angeles basin are the California counterpart to Manhattan's penthouses or London's Mayfair manors, drawing a global cast of financiers, technology tycoons and celebrities who collect trophy homes like works of art. Around the world, five properties sold for US$ 100 million or more last year, and at least 20 others have nine-figure asking prices, Christie's International Real Estate reported last month.
The priciest home ever sold was a US$ 221 million London penthouse purchased in 2011, according to Christie's. The most expensive properties on the market include a US$ 750 million rancho in USA, a US$ 425 million estate in France's Cote d'Azur Villa Leopolda, an almost US$ 400 million penthouse in Monaco and a US$ 365 million London manor.
Nile Niami, a film producer and speculative residential developer, is pouring concrete in L.A.'s Bel Air neighborhood for a compound with a 6,9 thousand square meter main residence and three smaller homes, according to city records. The project, which will take at least 20 more months to complete, will exceed 9,3 thousand square meters, including a 465 square meters master bedroom, a 30-car garage and a "Monaco-style casino," Niami said.
Niami's project, on a 1.6-hectare hilltop lot, will have 360-degree views of the Pacific Ocean, Beverly Hills, downtown Los Angeles and the San Fernando Valley. Plans called for removal of almost 30,600 cubic meters of earth, the equivalent of an American football field covered by 6 meters of dirt.
Niami's mansion is set to be the largest built in the U.S. this century, surpassing Versailles, a 8,3 thousand square meters chateau in Windermere, Florida, under construction for David Siegel, founder and chief executive officer of Westgate Resorts.
Estates with views of the Los Angeles basin are the California counterpart to Manhattan's penthouses or London's Mayfair manors, drawing a global cast of financiers, technology tycoons and celebrities who collect trophy homes like works of art. Around the world, five properties sold for US$ 100 million or more last year, and at least 20 others have nine-figure asking prices, Christie's International Real Estate reported last month.
The priciest home ever sold was a US$ 221 million London penthouse purchased in 2011, according to Christie's. The most expensive properties on the market include a US$ 750 million rancho in USA, a US$ 425 million estate in France's Cote d'Azur Villa Leopolda, an almost US$ 400 million penthouse in Monaco and a US$ 365 million London manor.
