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$500 Million Bel Air, California Mansion
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 $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
74,000-square-foot (6,900-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
100,000 square feet, including a 5,000-square-foot master
bedroom, a 30-car garage and a “Monaco-style casino,” Niami
said.
“The house will have almost every amenity available in the world,” he wrote in an e-mail. “The asking price will be $500 million.”
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