Once valued at US$500 million, "The One" was formally listed for sale in January 2022 at an asking price of US$295 million. We commit to cover sensible issues responsibly through the principles of neutrality. Later, Niami founded his own production company and produced over a dozen films, many of them were straight-to-video B movies. After some years, Niami established his own production firm. Nile worked with architect Paul McClean to build a house for the twins Cameron and Tyler Winklevoss. He has built and sold multi-million dollar mansions in the Los Angeles neighborhoods of Bel Air and Holmby Hills. He has been selling houses worth hundreds of millions of dollars. Nile and his wife split in 2017, according to reports. Since then, he's worked on building and renovating large homes in the Los Angeles area. Nile Niami is an American millionaire who is both a film producer and a real estate developer. A few years later, he would start building his magnum opus: a Bel-Air megamansion he called The One, which he planned to put on the market for $500 million, making it the worlds priciest listing. According to Laura Brady, CEO of Concierge Auctions, which auctioned the mansion, the total transaction price would be $141 million, including the buyers premium. He seemed to be more into following the divorce. A decade in the making, mega-mansion developer Nile Niami's dream of constructing "the One," a 105,000-square-foot spec mansion on a five-acre parcel in Bel-Air, has been buried under $165. Around this time the home's asking price had been lowered to $225 million. all Biography and data about your favorite person are correct. He started out as a film producer then transitioned into the real estate development world. P. Diddy, for $39 million. He immediately came to the conclusion that he couldnt make a living as a producer. It was advertised for $295 million as part of a bankruptcy arrangement and placed up for auction if no buyer could be found. Your email address will not be published. He started out as a film producer then transitioned into the real estate development world. In 2015, developer Nile Niami stated that the Bel Air home, which has five swimming pools and a 30-car garage, will fetch $500 million. Mr. Niami grew up in a working-class area of the San Fernando Valley. This first film received many negative reviews. Earlier this year, the financial woes of Mr. Niamis signature project reached a climax, ending a saga that had captivated L.A. real-estate observers for a decade. Loving our content? Producer: The Watcher. Nile Niami is an American film producer and real estate developer. Nile Niami is known for The Watcher (2000), The Patriot (1998) and Galaxis (1995). His first movie Galaxis was an action film released in 1995. Nile Niami is a former film producer. During the auction, Ms. Williams said, she was so distracted while driving through the Hollywood Hills that she asked her assistant to take the wheel of her Range Rover. We did everything we could to explain to Nile that this was a long shot and he should focus on the sale, but we werent having much luck with that, said Mr. Kirman. The One, which lies on 3.8 acres and has 21 bedrooms and 42 bathrooms, rises like a spaceship from the manicured hills of Bel Air. The Top 10 Best Hotels in Paris, France (2022), The Top 10 Best Things To Do in Los Angeles in 2022, The Top 10 Best Hotels in Miami, Florida (2022), Top 10 Best All-Inclusive Resorts in Cancun, Mexico, From Billionaire to Broke The Story of Elizabeth Holmes. EcTheHub is a part of the Scaleit Fox, 2023 Operated by Scaleit Fox Address : 8900 Greenback Ln, orangevale, California Real-estate agent Rayni Williams stood under the hot Los Angeles sun, her Manolo Blahnik heels digging into the dirt of a vacant development site priced at $8.995 million on tony South Mapleton Drive. She holds a bachelor degree in computer science from Shivaji University in 2020 and has done a masters in business administration specializing in business analytics from Pune University. 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. Because I don't have any money.". Niami sold a Bel Air megamansion at 627 Carcassonne Road for $36 million, a few days after he unloaded the one next door for the same price, according to Dirt. To report about any issues in our articles, please feel free toContact Us. The upcoming real estate projects Nile is working on will significantly increase the value of his current net worth. He finally sold it in December 2020 for $9.58 million. Choose items to buy together. 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. We are not responsible for any loss that you may incur as a result of relying on these currency conversions. Nile has also created Wolfpack, a smartphone app that connects men and women searching for mates. He also talked about launching a cryptocurrency based around The One, a bank called The One, and a television network called The One Truth Network. Mr. Saghian and Mr. Niami had first met a few years earlier, when Mr. Niami gave Mr. Saghian a tour of The One. Estimates for Niamis net worth sit around $50 million. In the article below, well walk you through his net worth. They had been married for almost 18 years before splitting up and getting divorced in 2017. Concerned about how his money was being spent, Mr. Hankey said he required Mr. Niami to work with a local development firm to help oversee construction. He is recognized for the massive home, The one. He is best known today for constructing lavish homes in Los Angeles that can cost up to US$ 100 million. 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. He then became a real estate developer. In April 2021, Chinese businessman Louis Hsieh bought Niamis Carcassonne Road 28,000-square-foot mansion for $36 million. His largest and most famous build, a house called The One, has been the topic of many front-page news reports in 2021 and 2022. Martell Holt Net Worth, Early Life, Career, & Personal Life. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. He dubbed the 20,500 square-foot spec home "Opus". 2023 Celebrity Net Worth / All Rights Reserved. He got off to a good start, selling P. Diddys $40 million Holmby Hills mansion with an underwater tunnel. He declared, Im gonna make an offer.. The Nile set wanted to succeed in the field of Hollywood special effects and makeup after finishing high school. The home made waves with its enormous size and $500 million price tag. They spent about four hours one evening exploring the house. His app, Wolfpack, is no longer available. Our Articles differ from international news to the freshest tools to snippets about viral content. EC The Hub may cover news associated with technology, devices, and the Digital world. This film was released in 1997 and directed by William Mesa. The American millionaire Nile Niami is a real estate developer and film producer. 102k Followers, 3 Following, 41 Posts - See Instagram photos and videos from The One (@nileniami) ft. spec home The One which Niamis listed for US$ 500 million. Additionally, he built about 30 luxury homes in Los Angeles. He produced the films The Patriot, Point Black, and The Survivor., Camouflage, an action comedy, was his creation. A multiday online auction was scheduled for March of 2022. It was legally a loss after the improvements and restorations. He brought up the expanding market for spec properties priced between $10 and $15 million to Niami. 1968 saw the birth of Nile Niami in Bel Air, Los Angeles, California. During L.A.s Covid-19 lockdowns in 2020, eight citations were issued for illegal parties at properties owned by Mr. Niami, according to the Los Angeles Police Department. His wealth as a real estate developer is enormous. 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. Nile Niami is a real estate developer based in Southern California. A four-lane bowling alley, a 50-seat movie theater, a putting green, a wellness center and gym, but also a beauty salon, a juice bar, and a tennis court are all advertised as amenities at the residence. Nile Niami has a net worth of around $50 million. Two years later, Niami sold one of his spec homes to rapper and musician Sean Combs, a.k.a. [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, is a well-known American film producer and real estate developer, with a net worth of $55 million. It was written by Nick Davis and directed by William Mesa. But his plans are now in peril. In 2017, Ms. Niami, his wife of 18 years and the mother of his two children, had filed for divorce, records show. Niami had perfected the art of selling from a young age. When he was 19 years old, Nile Niami began working with his Big Brother tutor, Doug Witkins. There are several kitchens. January 3, 2022. Although the film had a theater release, reviewers pointed out that the production quality was lower than most direct releases. The One is also the most expensive residence ever sold at auction in the United States and the world, surpassing a mansion auctioned in Beverly Park last year for $51 million. Nile Niami Goes BANKRUPT For "Biggest Modern Home in America"Hi there, and welcome to Inner Dive! [4][2] He built a house in Trousdale Estates, a neighborhood in the city of Beverly Hills, with "a spinning car turntable, similar to those in auto showrooms, that's visible from the living room. One was sold to a Saudi buyer for $44 million and the other was sold to musician Sean P. Dit huis pronkt met een verbluffende mix van moderne architectuur en gedurfde designelementen en . Please see our full disclaimer for more details. Richard Saghian, founder and CEO of Fashion Nova purchased the famous home The One by Nile Niami for $126 million. 2 years later, he tried to sell this home for US$19.9 million. Some of these items ship sooner than the others. He is a millionaire who was raised by a single parent and have age 54. Ted Lanes of Lanes Management was appointed as receiver. With no buyers in sight, the lender served a notice of default on the property in March 2021. In the same year, he also created the romantic crime drama Tart.. Unfortunately, this massive project caused Niamis company, Crestlloyd, to declare bankruptcy. They included citations for loud or unruly gatherings and one for serving alcohol to minors. The estate includes a massive nightclub, full-service beauty salon, wellness center, four-lane bowling alley, and 10,000-bottle wine cellar, as well as a sky deck with a putting green, glass-encased jogging track, 40-seat Dolby Digital theater, five pools, and a 30-car garage with two display turntables, as promised by Niami. With an original list price of $340 million, it was set to be the most expensive personal home in the country. Everyone Wants to Know His Early Life, Career, Education, Awards & Much More! Lets look at some of his lessons. After getting married in the late 1990s, he and Ms. Niami began eyeing bigger and bigger homes. By the onset of the pandemic in 2020, Mr. Niami still hadnt completed The One. Nile Niami, the brash real-estate developer known for his over-the-top megamansions, has placed one of his high-priced spec homes in bankruptcy. ChristopherRead More Chris Hemsworth Biography, Age, Daughter, Wife, Movies, TV Shows, Alzheimers, Thor, Net Worth & Wiki, Pedro Pascal, sometimes known as Jos Pedro Balmaceda Pascal, is a Chilean-American model and actor. We sought him on every social networking site, including Instagram, Facebook, and Twitter, but he was nowhere to be found except on Instagram, where he is known as @nileniami and has over 86k followers. At the age of 19, he started working with his elder brother Doug Witkins. According to real estate experts, the buyer could be another developer who intends to improve and remodel the property, obtain the necessary permissions, and then resell it. The palatially palatial extravaganza is the personal chef-d'uvre of Nile Niami, arguably L.A.'s most famous and famously bombastic developer of ultra-high-end mansions, the snazzy contemporary kind seen in magazines and bought by billionaires.The San Fernando Valley native first came to prominence about a decade ago designing Hollywood Hills homes in the $20 million range; he's . If you purchase a product or service with the links that I provide I may receive a small commission. ], Nick Carter Net Worth [From Backstreet Boy to Business Tycoon], Martin Short Net Worth [Struggling Comedian to Millionaire Superstar], Todd Graves Net Worth [The Man Behind Raising Canes], Kevin Feige Net Worth [Architect of the Marvel Cinematic Universe], Fizz Debit Card [An Honest Review in 2023], Rocket Money vs. Mint [An Honest Comparison], Meet Beagle [Find Lost Money An Honest Review], Film Producer, Land Developer, Restaurateur. 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. Jake Pauls netRead More Jake Paul Biography, Age, Weight, Girlfriends, KSI, Boxing, Logan Paul, Anderson Silva, Net Worth & Wiki, Lewis Capaldi, also known as Lewis Marc Capaldi, is a singer, songwriter, musician, and social media presence from Scotland. He said that construction on The One stopped and started over the years because funds were disbursed slowly by Mr. Hankey, and that Mr. Niami had to advance money to pay for the construction. 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. He has turned many neglected estates into megamansions in Los Angeles. Mr. Niamis quest to build one of the biggest and most luxurious houses in American historya roughly 105,000-square-foot megamansion with a nightclub and five swimming poolshad gone awry amid unpaid debts and a bankruptcy proceeding. 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. [12] A foreclosure sale scheduled for October 2021 was halted when Crestlloyd filed for Chapter 11 bankruptcy.[13]. Today, he is very known for building extravagant homes in Los Angeles. In March 2021, Crestlloyd (Nile Niamis LLC) defaulted on over $165 million worth of debt from the construction of The One. Because of the debt, the massive mansion went into receivership. Oscar Isaacs net worth is $12 million as ofRead More Oscar Isaac Biography, Age, Height, Brother, Family, Moon Knight, Wife, Dune, Net Worth & Wiki, Henry Cavill, born Henry William Dalgliesh Cavill, is an English model, actor, fitness enthusiast, and well-known socialite. Mr. Hankey said the loan allowed Mr. Niami to pay off some of the tens of millions of dollars in debt on the property and provided funds to help finish the project, which was about 80% complete at the time. [11], In March 2021, Niami's LLC, Crestlloyd, defaulted on US$165 million in debt related to the property, causing it to enter receivership. According to a two-part home tour broadcast on YouTube in April, the huge property has 20 bedrooms, including eight bedrooms for the employees and a three-bedroom guest house, approximately six elevators, a library, cigar room, and confectionery room. Michal Czerwonka for The Wall Street Journal Submit a correction suggestion and help us fix it! If "The One" sells for a significant amount over its debt load, Nile could theoretically make out with millions. A watershed moment came in 2012 when he flipped a home to the Winklevoss twins (of Facebook fame) for $18 million. As a real estate developer, Niami started renovating homes and building small condos in Los Angeles. Nile Niami started his career as a movie producer by producing several films. He spoke of having holograms of entertainers like Whitney Houston, Michael Jackson and Elvis Presley entertain crowds at these events. [4] He built another house in Holmby Hills, which was purchased by musician Sean Combs for US$39 million in 2014. He then produced the 1997 action filmT.N.T. More: Sleek Modern Home in the 90210 ZIP Code of Beverly Hills Lists for $3.5 Million. 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. For the optimum Mansion Global experience, please turn off any ad blockers and refresh this page. The One is a 105,000 square foot mega-mansion in Bel-Air developed by Nile Niami and designed by Paul McClean. Crustica offers the diner a healthier version of pizza, with the slogan NY folds it, LA rolls it.. Similarly, after three years, in 2017, he sold a $26 million mansion to Floyd Mayweather. Viewers should retain their own legal counsel or financial expert(s) before making their own decisions. The One is Nile Niamis most ambitious project. Nile Niami is a real estate developer based in Southern California. Bryce Hall Net Worth, Early Life, Career, & Personal Life. One of the contemporary view homes was later purchased for US$18 million by businessmen Cameron and Tyler Winklevoss. Links included in this description might be affiliate links. Pedro Pascals net worth is $10 million as of 2023.Read More Pedro Pascal Biography, Age, Wife, Movies, TV Shows, Last Of Us, GOT, Partner, Mandalorian, Net Worth & Wiki, Oscar Isaac, born Oscar Isaac Hernandez Estrada in Guatemala City, is a Guatemalan-American actor and producer. Get WhatsApp Aero APK Anti-Ban (Official Latest): Everyone Wants to Know This! I believe you will find many captains of industry attending Burning Man in attire not appropriate for the board room, Mr. Niami said through his spokespeople. Nile Niami's The One finally Sold for $141 million dollars! Frequent headlines about the house were also a deterrent to buyers, agents said. The Pacific Ocean, downtown Los Angeles, and the San Gabriel Mountains can all be seen from here. It sold for only $126 million, a price significantly lower than originally projected. "[2], Niami launched Wolfpack, a mobile app for single men looking for friends;[2] it is no longer available. Crestlloyd filed for bankruptcy in October 2021 and the home was put into receivership by the courts, where Ted Lanes of Lanes Management would complete and sell the home. On February 25, 1968, Nile Niami was born in Los Angeles, California. He also developed condo complexes. 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. In addition, he erected a house in Trousdae Estates, a Beverly Hills neighbourhood, with a unique feature: a spinning automobile turntable, similar to those in auto showrooms, thats viewable from the living room., Another of Niles masterworks is his accomplishment in building a gigantic house in Bel Air, which was also designed by Paul McClean and is listed on the real estate market for US$340 million. Paul McClean is an architect extraordinaire, trained in Ireland and working in the greater Los Angeles area since 2000. In 2020, Opus defaulted by the lender and force Nile to turn over ownership of the property. This isnt the first time that a Niami mega mansion has run into difficulties. In 2017, the couple parted ways. Because this is a Nile Niami restaurant, he offers an option for the most expensive pizza in Los Angeles, with a price of $3500 called the one. The massive house is over a hundred thousand square feet, making it one of the biggest personal homes in the United States. The Nile eventually began to build tiny condominiums and renovate apartments, which he then sold for a profit. He then started his own manufacturing company. Sadly, he had to lose his mother in a home assault in 2001. Mr. Niami disputed that characterization through his spokespeople, saying he never received a single offer. 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. But Mr. Niami soon found himself facing more competition amid a glut of spec homes. Nile Niami is currently living a single life. Nile Niami collaborated with Paul McClean of McClean Design on several occasions. Originally, the place had been expected to list for around $500 million, so you could be scoring a sweet deal, depending on how one looks at it. The action film was about a group of prison escapees who took control of a mall. He would go on to produce the films "Terminal Force" in 1995, "DNA" in 1996, "T.N.T". However, Nile Niami has a verified Instagram profile, where hes shared only six posts. He sold it in December 2020 for $ 9.58 million. Technically to receive it's certificate of occupancy. After the couple split, Mr. Niami developed a reputation in the real-estate industry as a party boy, according to business associates who worked with him during that period. It has multiple outstanding building and occupancy licenses, and its construction is being challenged by a local homeowners group. [14] Lanes oversaw completion of the property and secured a certificate of occupancy. For the next five years, Nile experienced enormous success as the LA luxury real estate market soared. Shirleyjoined EC The Hub inlate2016in the newly created position of managing editor, designed to help the foundation bolster its editorial systems and capacity. ", "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? Construction is being challenged by a single parent and have age 54, Awards Much... 2 years later, he built about 30 luxury homes in the Los Angeles s ) before making own! Art of selling from a young age designed by Paul McClean is an American millionaire nile collaborated. Of neutrality 28,000-square-foot mansion for $ 18 million by businessmen Cameron and Tyler Winklevoss million to Niami American! Hundred thousand square feet, making it one of the pandemic in 2020, Mr. Niami gave Mr. and. Famous home the one by nile Niami is known for building extravagant homes in.. On several occasions defaulted by the lender served a notice of default on the in... 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