California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

California  + Los Angeles  + Apartments  | 

Transformative One Beverly Hills MXU Breaks Ground

The developers of One Beverly Hills held a ceremonial groundbreaking Thursday for the mixed-use project. With a final cost estimated between $4 billion and $5 billion, the condominium and hotel complex promises to transform the Beverly Hills skyline, reported the Los Angeles Times.

At the heart of the project will be two greenery-covered towers that are likely to be the tallest in Beverly Hills. Slated for completion in 2028, the 17.5-acre “urban resort” is intended to unify the neighboring Beverly Hilton and Waldorf Astoria hotels with condo high-rises, 8.5 acres of botanical gardens and the first ultra-deluxe Aman hotel on the West Coast, the Times reported.

One Beverly Hills is “one of the biggest projects in North America,” Jonathan Goldstein, chief executive of Cain International, told the Times. The London-based investment firm is overseeing the development with OKO Group, an international real estate development firm created by Aman founder Vlad Doronin, who called Beverly Hills “the natural next step for Aman as we continue our strategic growth into the world’s finest urban centers.”

Rendering courtesy of Foster + Partners.

Register today for Connect Phoenix Multifamily & Single-Family Build-to-Rent, scheduled for April 18 at the Westin Kierland Resort & Spa, Scottsdale, AZ.

Connect

Inside The Story

One Beverly Hills

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
New call-to-action
New call-to-action
New call-to-action
New call-to-action