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A Bankruptcy Court judge approved a $141-million offer by Fashion Nova founder Richard Saghian for the Bel-Air mega-mansion known as 'The One.' The sale of L.A.'s biggest mansion to Fashion Nova ...
The One was designed by Niami and Paul McClean, who was also the architect, and Kathryn Rotondi, the interior designer. [2] [6] Niami named it "The One", as Niami insists that there is no house like it, and said that he wanted to list it for sale at $500 million. [1] The One is a private residence designed with modernist architecture.
The One megamansion sold for just $141 million, leaving creditors in the lurch. Now, one lender has filed a lawsuit against the others that includes allegations of forgery and other wrongdoing.
The online auction, however, was a bit of a bust. Saghian's winning bid came in at $126 million, with the total cost to the buyer rising to $141 million with the 12% auction fee.
In 2022, the company managed the sale of the penthouse above Tiffany & Co.’s store in Palm Beach, Florida, through an online auction. [36] The company also listed The One for sale at $295 million; [37] it sold at auction for $126 million, plus a 12-percent commission to Concierge Auctions. [38]
It was billed as the most expensive private residence in the United States, [11] and at 105,000 square feet, is one of the country's largest private homes. [ 3 ] The property features 21 bedrooms, 42 bathrooms, multiple kitchens, a nightclub, four-lane bowling alley, salon, gym, 50-seat movie theater, a running track, multiple pools, a 50-car ...
Developer Nile Niami's Crestlloyd LLC filed for Chapter 11 on Tuesday, one day before a trustee's sale of the mega-mansion had been scheduled. A last-minute bankruptcy filing aims to block auction ...
The One Bel Air is a 105,000-square-foot megamansion said to be the biggest modern home in the US. In 2022, it sold for $141 million, including fees and commission, far from the $500 million its ...
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