What Is The One Los Angeles
The One Los Angeles is a supertall residential skyscraper planned for the Wilshire Corridor in Los Angeles, California. The project is developed by Nile Niami and designed by architect Paul McClean of Studio Paul McClean. As of the latest available public filings, the tower is intended to rise over 1,000 feet with approximately 100,000 square feet of living space, making it one of the largest single-family homes proposed in the United States. The project has drawn attention for its scale, price tag, and high-profile design team.
The building is planned to include a private cinema, a full-sized basketball court, a spa, a 75-foot infinity pool, and a helipad. The project also features a subterranean parking structure and a private underground garage for multiple vehicles. According to public permits and marketing materials, the residence is designed to accommodate a single family with extensive entertainment and wellness amenities. The project is located near the border of Beverly Hills and the City of Los Angeles, in a corridor known for luxury residential towers.
Who Owns The One Los Angeles
The One Los Angeles is owned by Nile Niami, a Los Angeles-based real estate developer known for high-profile luxury projects. Niami previously developed The One in Bel Air, another mega-residence that sold through bankruptcy proceedings. For The One Los Angeles, Niami has pursued a similar vision of a single-family superhome with record-setting square footage and price expectations. Public records and news reports indicate that Niami has continued to refine the project's design and financing strategy in recent years.
Financing for the project has involved a mix of private capital and lending arrangements. In 2023, Niami secured a loan from a consortium of lenders to fund construction, as reported by financial news outlets and court documents. The project has also faced scrutiny regarding its valuation and market positioning, with some analysts questioning whether the asking price aligns with comparable sales in the ultra-luxury segment. Investors and lenders have closely monitored the progress of the development amid broader shifts in the luxury real estate market.
Status, Timeline, and Market Context
As of the latest public updates, construction on The One Los Angeles has continued with periodic milestones reported through city filings and developer announcements. The project has gone through design revisions and permitting phases typical of large-scale Los Angeles developments. Industry trackers and real estate databases list the tower among the most expensive residential projects proposed in the United States, alongside other high-profile supertall buildings in New York, Miami, and Las Vegas.
The One Los Angeles sits within a broader trend of supertall residential towers in major U.S. metro areas. According to data from the Council on Tall Buildings and Urban Habitat and market reports from sources like Forbes and Bloomberg, the ultra-luxury segment has seen both record sales and extended holding periods in recent years. The project's progress can be followed through Los Angeles Department of Building and Safety permits and updates from industry outlets such as Forbes and SEC filings related to the developer's financing and corporate structure.