While he viewed the $500 million price tag as a marketing stunt, Mr. Hankey said, he thought that the property could command $200 million to $250 million. Bryce and Brent Niami are their names. In 2017 he sold a home to Floyd Mayweather for $26 million. In some ways, the story of Mr. Niami, the man behind The One, is as compelling as the house itself. He also built a 14,000-square-foot house for himself just above the Sunset Strip. The upcoming real estate projects Nile is working on will significantly increase the value of his current net worth. Known since its inception by colorful and controversial developer Nile Niami simply as "The One," the monstrous and still-incomplete Los Angeles structure is 10 years in the making. Even if the spread sells for its original $500 million asking price, a New Yorker realtor-turned-Italian princess is auctioning a Roman villa this month for $534 million, which is sure to be met. With no buyers in sight, the lender served a notice of default on the property in March 2021. After graduating from high school Nile set out to make it in the world of Hollywood special effects and makeup. The home has cracks in and around many of the pools and stonework, as well as symptoms of mold, according to the receivers report and an engineering analysis. More info can be found here. Mr. Niami had purchased the site in 2012 for $28 million, according to property records. The property, which took nearly a decade to build, stands atop a hill in Bel Air with views of the Los Angeles basin. Nile Niamis Collaborations with Paul McClean, Erealist Da Comedian (Jack Gang) Net Worth, Martin Eberhards Net Worth [Did Tesla Make Him A Billionaire? https://woodgram.com/, Jennifer Shrader Lawrence (born August 15, 1990) is an American actress. Most of his accounts are verified accounts, something many high-profile individuals do to assure followers of their authenticity. A planned foreclosure sale was temporarily halted as a result of the action. Mr. Niami grew up in a working-class area of the San Fernando Valley. Nile Niamis most significant project is The One, a massive mansion that he originally intended to sell for $500 million. He first stepped into the public eye as a film producer, producing over a dozen films over the years. The duo worked together to create a home for twins Cameron and Tyler Winklevoss. Nile Niami is the real estate developer behind 'The One' Bel Air, a $500 million dollar spec mega-mansion that recently became listed as the most expensive h. Nile Niami is married to Yvonne Niami. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'biographyhost_com-large-leaderboard-2','ezslot_8',148,'0','0'])};__ez_fad_position('div-gpt-ad-biographyhost_com-large-leaderboard-2-0'); However, Los Angeles Times reported in March 2021 that Niami was facingforeclosureon the property. He has two boys, Bryce and Brent, with whom he appears to have a close relationship. It sold for only $126 million, a price significantly lower than originally projected. The Nile is said to have a special affinity with his sons. Then, around 2015, Mr. Niami began telling reporters about a house he planned to call The One, which would be priced at $500 million. Menu. In 2017, the couple parted ways. One was sold to a Saudi buyer for $44 million and the other was sold to musician Sean P. The One has been placed into receivership by the Los Angeles County Superior Court, with more than $165 million in outstanding loans and bills, in an attempt to get Niamis creditors paid. Niami had perfected the art of selling from a young age. It also has a massive underground garage that can hold fifty cars. Yvonne Niami made real estate news when she sold her Bel Air mansion for $27 million in mid-2022. 1968 saw the birth of Nile Niami in Bel Air, Los Angeles, California. we are team woodgram, who researches all actual biodata from a different authorized source and put it all together for our visitor. When he was 19 years old, Nile Niami began working with his Big Brother tutor, Doug Witkins. The 105,000-square-foot Bel Air behemoth, billed as the worlds largest and most expensive urban property, was commissioned almost a decade ago by the producer turned developer. If the loan proceeds had been disbursed for construction costs during the period when they were promised, the house would have been completed, all problems fixed, and [the certificate of occupancy] obtained, he said. The owner of Fashion Nova", "Scooter Braun sells to developer building $500-million Bel-Air compound", https://en.wikipedia.org/w/index.php?title=Nile_Niami&oldid=1140607178, This page was last edited on 20 February 2023, at 21:58. For the next five years, Nile experienced enormous success as the LA luxury real estate market soared. He tapped Mr. McClean to design his most ambitious house yet, with jellyfish aquariums, a casino and a nightclub, the architect said. Required fields are marked *. Now, lets see whether the Nile has a girlfriend or is involved in any form of an extramarital relationship. Nile Niami is an American film producer as well as real estate developer, who build and sold million-dollar mansions. Niamis site invites viewers to come see inside his inner life through regularly shared video content. He racked up big-ticket deals, include the 2014 sale of a Holmby Hills mansion with an underwater tunnel to P. Diddy for $39 million; the rappers spokesperson didnt respond to a request for comment. 95662, United States. Niami borrowed tens of millions of dollars over the years to fund the massive project. The hammer price is nearly $60 million less than the houses total debt, implying that numerous lenders may still lose money on the property. All property prices are as stated by the listing agent. With perhaps one exception, these violations were not caused by me, he said. In March, The One sold at auction for just $126 million plus commissions and fees, far less than the roughly $190 million debt outstanding on the house, according to bankruptcy filings. He appears to be overly preoccupied with his profession. He had mastered the craft of selling since he was a little child. As his producing career rose, Nile began making real estate investments, flipping cheap homes in LA's suburbs. Later, Niami founded his own production company and produced over a dozen films, many of them were straight-to-video B movies. Type: Dwarf Blue Lily of the Nile "Peter Pan" Houseplant Flower Seeds ; Ship From US ; Buy it with + + Total price: To see our price, add these items to your cart. Many of the homes he built sold for significant sums, helping him to amass his fortune. Nile Niami was born in 1968 and is currently residing in Los Angeles, California. As of 2022, his net worth was approximately $50 million. The One has nine bedrooms, multiple kitchens, an entire nightclub, a bowling alley, a complete gym, and a home theater with fifty seats. Our Articles differ from international news to the freshest tools to snippets about viral content. His first movie Galaxis was an action film released in 1995. Nile Niami received an offer from a Chinese Billionaire at $50 million, but reportedly rejected it. After done his high school, He wanted to succeed as a makeup artist and Hollywood special effects in the film industry. This account is based on interviews with lenders, business associates, personal friends, real-estate agents and construction experts who interacted with Mr. Niami while he was building The One. However, while the mansion was formerly advertised as the largest in the country, it is no longer the case. Don Hankey, a subprime banking giant from Los Angeles, was the projects largest lender, lending more than $125 million. Thank you for supporting my channel. After an eight-year development, it will be completed in 2021. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'biographyhost_com-box-4','ezslot_6',146,'0','0'])};__ez_fad_position('div-gpt-ad-biographyhost_com-box-4-0'); Later, entrepreneurs Winklevoss twins Cameron and Tyler bought Niamis one of the contemporary view houses for $18 million in 2012. The receivership marks a stunning reversal for "The One". Niami previously posted a video in which he sets out a complicated scheme to tokenize the house and sell it as The One Coin, a digital currency. Mr. Niami disputed that characterization through his spokespeople: I can honestly tell you I gave it 200% effort., Delivers the most important property news around the world to your inbox each weekday, COPYRIGHT 2023 MANSION GLOBAL. Shirley is the Managing Editor at EC The Hub. There are seven water features on the site, including a large moat that runs around the perimeter. According to the report, Niami borrowed $82 million from Hankey Capital in 2018 to build the megamansion, but his debt soared to more than $110 over the three years. Top 250 Movies Most Popular Movies Top 250 TV Shows Most Popular TV Shows Most Popular Video Games Most Popular Music Videos Most Popular Podcasts. He also produced the romantic crime drama Tart that same year. Nile Niami finished the property named Opus in 2017 which is located in Beverly hills and boasts 20,500 square feet. Aiding in the . Most significantly, McClean helped Niami to design The One.. In 2015, Niami also launched an app called Wolfpack, which he designed to help single men look for friends. Tom Hiddlestons net worth is $40million as of 2023. During his high school, he took night classes to get certified in cosmetology. Concerned about the low price, she dialed the propertys trustee from the passenger seat and begged him to stop the auction. Outside of real estate he launched an app called Wolfpack which is designed to help single men looking for friends. More: Jeff Bezoss Parents Buy Miami Megamansion for $34 Million. Michal Czerwonka for The Wall Street Journal, Jeff Bezoss Parents Buy Miami Megamansion for $34 Million, Modern Miami Home on the Venetian Islands With Lots of Natural Materials, Sleek Modern Home in the 90210 ZIP Code of Beverly Hills Lists for $3.5 Million, Out-of-Towners Migrating to Relatively Affordable Cities Can Outspend Locals by as Much as 39%, Low Supply and Rising Rates Slow Hamptons Sales, but Prices Are Still Going up, An Artists Gallery-Like Villa in Ibiza, Spain, Designing a Kids Room With Practicality and Style, Palm Beach Is Still HotJust Take This Property Asking Three Times Its April 2021 Sale Price. He made the horror-thriller video T.N.T. DNA, was his first action picture. January 3, 2022. Niami. Nile Niami is well-known as a professional realtor. Bryce is apparently 18 years old, and his younger son Brent is 15 years old. In high school, He pursued cosmetology training at night. His mom, who raised him alone, was a special education teacher. McClean Design has grown over the years, becoming one of the most prominent contemporary residential design firms in Southern California. He also produced a number of well-known programmers and films. The Biltmore Estate in North Carolina, with 178,926 square feet, takes first place, followed by New Yorks own Oheka Castle, with 109,000 square feet. The main residence, which sits atop a quiet Bel Air cul-de-sac known as Airole Way and is surrounded on three sides by a water-filled moat, has 21 bedrooms and an unfathomable total of 49 bathrooms (42 full baths, the rest powder rooms) spread out over 105,000 square feet of Kathryn Rotondi-designed living space. Nile Niami specializes in developing extravagant mansions in the LA area that are worth well over $100 million. Nile Niami is not particularly active on social media sites. Nile Niami is an American film producer and real estate developer. He is well-known as the daring man who constructs mega-mansions for celebrities. He is best known today for constructing lavish homes in Los Angeles that can cost up to US$ 100 million. Niami reportedly rejected a $50 million offer for the home from Chinese billionaire William Ding. On the final day of the online auction, the bidding was stalled at around $60 million, and the agents were in a panic, Ms. Williams said. Show details Hide details . Richard Saghian, founder and CEO of Fashion Nova purchased the famous home The One by Nile Niami for $126 million. He has built and sold multi-million dollar mansions in the Los Angeles neighborhoods of Bel Air and Holmby Hills. In 2017, Nile completed work on a home in Beverly Hills which he soon listed for $100 million. Outside of The One, Niami has also worked extensively with top-tier architect, Paul McClean. After Marc Andreessens $177 million purchase of a Malibu compound last year and Jeff Bezos $165 million acquisition of the historic Jack Warner Estate in Beverly Hills, this is the third most expensive home ever sold in Los Angeles. But his plans are now in peril. Instead of selling the massive home for $340 million as planned, it was sold at auction to recoup some of the debt incurred by Niamis company. He is currently 54 years old and carries the Pisces zodiac sign. Nile has previously appeared in films and television programmes such as The Galaxies, The Watcher, and The Patriot. And hes a smart guy. In 2000, he produced the thriller movie The Watcher. In the same year, he created the action comedy film Camouflage. Also, he produced a romantic crime drama titled Tart in 2001. After some years, Niami established his own production firm. ", "In Los Angeles, a Nimby Battle Pits Millionaires vs. Billionaires", "7 Things to Know About the Coming $500 Million Mega-Mansion in Bel Air", "Diddy's New $39-Million Mansion Has an Underwater Tunnel", "The World's Largestand America's PriciestHome Is Ready for Its Close-up", "California Dreaming: Record $500 Million Tag on L.A. Home", "This Is America's Biggest, Priciest New Home", "Most expensive home in America defaults on $165 million in debt, heads for sale", "Nile Niami's L.A. Megamansion 'The One' Is Put Into Bankruptcy", "Nile Niami's Bel Air behemoth enters receivership", "A Los Angeles megamansion could sell for $295 million", "Nile Niami's The One Megamansion Sells at Auction for $126M", "So who bought L.A.'s 'The One' mega-mansion? Hankey, who could have used his loan to credit bid, according to people familiar with the deal, was not the ultimate buyer. The mansion was later relisted for $60 million and sold in November 2020 for an unknown cost. [3] The construction attracted unease from the Bel-Air Homeowners Alliance,[4] whose chairman, Fred Rosen, suggested it was so big it should have been "considered a commercial project", subject to more restrictive regulations. Nile Niami's "The One" is in court-appointed receivership after the spec developer defaulted on more than $165 million in debt he borrowed to build the Bel Air behemoth. 1968 (exact age and birthday undisclosed), Producer of Films such as 'The Galaxies,''The Patriot,' and'The Watcher'. It seemed to intrigue Mr. Saghian, Mr. Vetterick said, but he wasnt sold. Im not that sensitive of a personIve been in this business a long time and I can handle myselfbut I started crying.. The sale price includes a gold Lamborghini, a gold Rolls-Royce Dawn a full-time house manager whose salary would be covered for two years. He blew through the money that we gave him, Mr. Hankey said. Henry Cavills net worth is $50 million asRead More Henry Cavill Biography, Age, Height, Wife, Movies, Witcher, Girlfriend, Superman, Net Worth & Wiki, Tom Hiddleston, born Thomas William Hiddleston, is a British model and actor. After a decade of work and mountains of debt, mega-mansion developer Nile Niami's dream projecta 105,000-square-foot Bel-Air behemoth on a five-acre parcel dubbed "The One . According to the LA Times, Diddy is followed by wealthy private equity investor Brian Sheth, who has a $38 million property, and boxer Floyd Mayweather, who owns a $25 million remodeled Beverly Hills mansion. See you next video! Nile Niami's mega mansion in Bel Air California sold for a record setting $141 million dollars earlier this year, but the story isn't over yet. Hes passionate about helping connect modern living with the surrounding natural features of a property. The The mansion became the most expensive private residence in the United States and one of the most expensive homes in the world. [15] It did not receive an offer and on March 4, 2022, The property was sold at auction for US$127 million, becoming one of the most expensive houses ever sold at an auction in the United States. [6] He also hired architect Paul McClean to build a house for the Winklevoss twins Cameron and Tyler in the Bird Streets (north of Sunset Boulevard). [3] The residential property features nine bedrooms, multiple kitchens, a nightclub, four-lane bowling alley, salon, gym, 50-seat theater, a running track, a 50-car underground garage, and a moat. Mr. Saghian and Mr. Niami had first met a few years earlier, when Mr. Niami gave Mr. Saghian a tour of The One. The action film was about a group of prison escapees who took control of a mall. Im not that sensitive of a property lender, lending more than $ 125 million he has boys! 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