Most significantly, McClean helped Niami to design The One.. The owner of Fashion Nova", "Scooter Braun sells to developer building $500-million Bel-Air compound", https://en.wikipedia.org/w/index.php?title=Nile_Niami&oldid=1140607178, This page was last edited on 20 February 2023, at 21:58. At the time, Mr. Niami was rolling his profits from other sales into building The One, using his own money on top of loans he had obtained from companies linked to Canadian investor Lucien Remillard and physician and real-estate investor Joseph Englanoff. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'biographyhost_com-leader-1','ezslot_10',149,'0','0'])};__ez_fad_position('div-gpt-ad-biographyhost_com-leader-1-0'); They have two sons, Bryce Niami and Brent Niami. Yvonne Niami, ex-wife of colorful developer Nile Niami, sold her 12,000-square-foot Bel Air mansion for $27 million, or $2,265 per square foot, according to property listing sites. After two years, he sold rapper and singer sean combs (P. Diddy), one of his specs mansions for US$ 39 million. For many buyers, it was too large, more like an office park than a private residence. Tragically, a house invader killed his mother in 2001. However, if any information becomes available, we will undoubtedly upload it. The guy was Nile Niami, then an up-and-coming developer in his early 40s with ambitious plans in the L.A. spec-home space. While he viewed the $500 million price tag as a marketing stunt, Mr. Hankey said, he thought that the property could command $200 million to $250 million. Nile Niami began his career as a director by directing a number of Bollywood films. Most of his accounts are verified accounts, something many high-profile individuals do to assure followers of their authenticity. He believed high end home owners would be less susceptible to financial crashes and less reliant on bank approvals, and therefore less risky for a developer. However, some experts place his net worth significantly lower, around $10 million. 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. This pizza comes with mushrooms, 2g of Alba white truffles and 24k gold flakes served on a gold-plated engraved tray. Aiding in the . And one more thing.. The lender gave Niami 90 days to repay the loan. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. Lets look at some of his lessons. 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. After an eight-year development, it will be completed in 2021. He also produced a number of well-known programmers and films. Do you know how much these celebrities earn? if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[336,280],'biographyhost_com-medrectangle-4','ezslot_7',115,'0','0'])};__ez_fad_position('div-gpt-ad-biographyhost_com-medrectangle-4-0'); In 1998, he produced filmsPoint Black,The Patriot, andThe Survivor. He is best known for constructing a 105,000 sq. There are several lenders who are still owned. Since its sale, creditors have been fighting over who get paid how much, since the house did not make enough money to pay for everything it owed. Our Articles differ from international news to the freshest tools to snippets about viral content. His $100 million house, called Opus, was eventually evaluated at $38 million and sold for an undisclosed sum. The One was a hard sell, according to agents who toured the property. We are not responsible for any loss that you may incur as a result of relying on these currency conversions. Instead, the home was auctioned off for $126 million, leaving a trail of debt in its wake. Nile Niami finished the property named Opus in 2017 which is located in Beverly hills and boasts 20,500 square feet. In 2014 he sold a custom-built mansion in Holmby Hills to P. Diddy for $39 million. Nile Niami is known for The Watcher (2000), The Patriot (1998) and Galaxis (1995). Nile Niami, a charismatic and ambitious former Hollywood producer who went on to create some of the most extravagant residences in Beverly Hills and Bel Air to sell for profits, designed it. In 2000, he produced the thriller movie The Watcher. In the same year, he created the action comedy film Camouflage. Also, he produced a romantic crime drama titled Tart in 2001. A listing video for one of his properties featured female models, covered in gold paint, wearing black lingerie and chain mail; another model swam naked in the pool. Nile Niami first spoke with a real estate agent Drew Fenton. Niamis site invites viewers to come see inside his inner life through regularly shared video content. Crustica offers the diner a healthier version of pizza, with the slogan NY folds it, LA rolls it.. According to the listing agents, the property includes views from every room, numerous kitchens, a 10,000-bottle wine cellar, gym, sauna, salon, bowling alley, movie theater, nightclub, five pools, and a moat. [3] The residential property features nine bedrooms, multiple kitchens, a nightclub, four-lane bowling alley, salon, gym, 50-seat theater, a running track, a 50-car underground garage, and a moat. Nile Niami trains skilled individuals. The Pacific Ocean, downtown Los Angeles, and the San Gabriel Mountains can all be seen from here. Both properties are about the same. He started out as a film producer then transitioned into the real estate development world. Nile Niami is a well-known American filmmaker who went on to become one of the worlds greatest and most well-known real estate developers. (to support me as a creator): -https://www.youtube.com/channel/UCgKz_JXJKKko9kXDrm6IODQ/joinI hope that you enjoy this video and if you have comments please leave them below! [18], Last edited on 20 February 2023, at 21:58, "Foreclosure looms for Nile Niami's infamous mega-mansion 'The One', "The Making of the Most Expensive Mansion in History", "Who Wants to Buy the Most Expensive House in America? He has turned many neglected estates intomegamansionsin Los Angeles. After done his high school, He wanted to succeed as a makeup artist and Hollywood special effects in the film industry. Furthermore, even though The One already finds a buyer, they are unable to dwell there at this time. 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. He is recognized for the massive home, The one. The One has been placed into receivership by the Los Angeles County Superior Court, with more than $165 million in outstanding loans and bills, in an attempt to get Niamis creditors paid. Nile Niamis Collaborations with Paul McClean, Erealist Da Comedian (Jack Gang) Net Worth, Martin Eberhards Net Worth [Did Tesla Make Him A Billionaire? Niami had developed the art of selling at a very young age. More: Out-of-Towners Migrating to Relatively Affordable Cities Can Outspend Locals by as Much as 39%. His net worth is $10 millionRead More Lewis Capaldi Biography, Age, Wife, Sister, Father, Someone You Loved, Songs, Net Worth & Wiki, Christopher Hemsworth, also known as Chris Hemsworth, is an Australian actor, model, and producer. Nile and his wife split in 2017, according to reports. Nile Niami specializes in developing extravagant mansions in the LA area that are worth well over $100 million. As he completed the project, Niami changed his tune and settled on a price tag of $340 million. Outside of The One, Niami has also worked extensively with top-tier architect, Paul McClean. The founder of the fast-fashion company Fashion Nova had a budget of $50 million to $150 million and was looking for a house with views and a Jacuzzi off the primary bedroom, according to Mr. Williams and Hilton & Hyland agent Stuart Vetterick, who said they showed Mr. Saghian around almost every major L.A. listing. He tapped Mr. McClean to design his most ambitious house yet, with jellyfish aquariums, a casino and a nightclub, the architect said. Show details Hide details . Nile and Yvonne have two sons,BryceandBrent. [11], In March 2021, Niami's LLC, Crestlloyd, defaulted on US$165 million in debt related to the property, causing it to enter receivership. Nile Niami was conceived in Los Angeles, California, on February 25, 1968. In 1999, Niami produced a horror film, Resurrection. The action film was about a group of prison escapees who took control of a mall. 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. On the personal home front, in 2015 Nile Niami dropped $9.5 million to buy Scooter Braun's home. He has been selling houses worth hundreds of millions of dollars. By 2017, Niami had already built more than 30 houses in Los Angeles. To add to the extravagance of the home, theres a moat surrounding the entire estate. The $295 million hilltop house, dubbed The One, has 21 bedrooms and 49 bathrooms. Nile Niami received an offer from a Chinese Billionaire at $50 million, but reportedly rejected it. Not feeling like reading today ? Submit a correction suggestion and help us fix it! In some ways, the story of Mr. Niami, the man behind The One, is as compelling as the house itself. Niami borrowed most . In 1998, Niamis produced the movies Point Black, The Patriot, and The Survivor. After a year, Nile produced Justice, a TV movie that combines horror and a crime thriller. Some of these items ship sooner than the others. Mr. Saghian and Mr. Niami had first met a few years earlier, when Mr. Niami gave Mr. Saghian a tour of The One. Later, Niami founded his own production company and produced over a dozen films, many of them were straight-to-video B movies. Nile Niami, is a well-known American film producer and real estate developer, with a net worth of $55 million. Well also give you some insight as to how he earned his millions. EcTheHub is a part of the Scaleit Fox, 2023 Operated by Scaleit Fox Address : 8900 Greenback Ln, orangevale, California As his career in film came to a close, Nile began working as a real estate developer. Add all three to Cart . Diddy Combs for $39 million. He really revolutionized Los Angeles real estate, because he took risks that nobody was willing to take, said Ms. Williams of The Beverly Hills Estates, who later worked on the sale of The One with her husband, Branden Williams. WHAT WE DID: Secured global press opportunities of the property during the construction over 3 years ago until its recent completion when the price was $500 . He is currently 54 years old and carries the Pisces zodiac sign. [17], Niami purchased Scooter Braun's Bel Air house for US$9.5 million in July 2015. Advertising Disclosure: This post may contain affiliate links from our partners, which means that we may receive a small commission if you sign up via these links. Don Hankey, a subprime banking giant from Los Angeles, was the projects largest lender, lending more than $125 million. Nile Niamis The One finally Sold for $141 million dollars! Nile Niami was born on 25 February 1968, his age is 54 years old as of 2022. While many in the real-estate industry now view Mr. Niamis troubles as a cautionary tale, Mr. Williams said he would never count the developer out. The main residence, which sits atop a quiet Bel Air cul-de-sac known as Airole Way and is surrounded on three sides by a water-filled moat, has 21 bedrooms and an unfathomable total of 49 bathrooms (42 full baths, the rest powder rooms) spread out over 105,000 square feet of Kathryn Rotondi-designed living space. This marks the first of the 50 locations that Nile Niami plans to open. A judge approved the sale a few weeks later. The duo worked together to create a home for twins Cameron and Tyler Winklevoss. It was a very competitive bidding process, Brady added We had a strong field of bidders, with bidders from multiple countries. Brady said, declining to comment on the buyer, who is anticipated to be identified in the coming days to the bankruptcy court. The Nile eventually began to build tiny condominiums and renovate apartments, which he then sold for a profit. As his producing career rose, Nile began making real estate investments, flipping cheap homes in LA's suburbs. In 2017, the couple parted ways. The American millionaire Nile Niami is a real estate developer and film producer. The next year, Niami produced the horror crime filmResurrectionand the crime-thriller TV movieJustice. The sale price includes a gold Lamborghini, a gold Rolls-Royce Dawn a full-time house manager whose salary would be covered for two years. We assure our audience that we will remove any contents that are not accurate or according to formal reports and queries if they are justified. In a September 2021 interview about "The One" in the LA Times, Nile said "I'm getting sued by everybody. Nile Niami was born in 1968 and is currently residing in Los Angeles, California. DISCLAIMER: The currency conversion is provided for illustration purposes only. He first stepped into the public eye as a film producer, producing over a dozen films over the years. The Nile set wanted to succeed in the field of Hollywood special effects and makeup after finishing high school. Viewers should retain their own legal counsel or financial expert(s) before making their own decisions. Niami cut the asking price up to $85 million in September. According to its chairman, Fred Rosen, the mansion was so large that it should have been considered a commercial endeavour.. Last year, the property was placed in receivership and ultimately declared bankrupt. 2 years later, he tried to sell this home for US$19.9 million. Nile Niami is probably best-known for constructing a 105,000 square-foot spec home in Bel Air dubbed "The One" which he listed for $500 million. we are team woodgram, who researches all actual biodata from a different authorized source and put it all together for our visitor. The only thing we know is that he was schooled by a remarkable instructor who also happened to be his mother. For the next five years, Nile experienced enormous success as the LA luxury real estate market soared. Nile Niami's Skyline Development announced it is looking for new investors to raise $250 million for a bid prior to a Friday hearing during which a Bankruptcy Court judge will consider whether. This account is based on interviews with lenders, business associates, personal friends, real-estate agents and construction experts who interacted with Mr. Niami while he was building The One. 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. Bryce is apparently 18 years old, and his younger son Brent is 15 years old. Niami, known. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[728,90],'biographyhost_com-box-3','ezslot_0',113,'0','0'])};__ez_fad_position('div-gpt-ad-biographyhost_com-box-3-0'); Nile Niami is an American real estate developer best known for developing his infamous megamansion known as The One.. 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. The upcoming real estate projects Nile is working on will significantly increase the value of his current net worth. 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. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'biographyhost_com-box-4','ezslot_6',146,'0','0'])};__ez_fad_position('div-gpt-ad-biographyhost_com-box-4-0'); Later, entrepreneurs Winklevoss twins Cameron and Tyler bought Niamis one of the contemporary view houses for $18 million in 2012. On a hilltop in Bel Air, a 100,000-square-foot gigamansion is under construction, for no one in particular. That, however, never happened. Now, lets see whether the Nile has a girlfriend or is involved in any form of an extramarital relationship. Shirleyjoined EC The Hub inlate2016in the newly created position of managing editor, designed to help the foundation bolster its editorial systems and capacity. 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. He started his own production company a few years later. Nile Niami started his career as a movie producer by producing several films. Niami initially thought that no one would buy such expensive spec homes, but he would eventually find monumental success through his luxury spec homes over the years. Nile Niami was born on 25 February 1968, his age is 54 years old as of 2022. Who is Nile Niami American producer of movies and real estate developer Nile Niami. He mentioned to Nile Niami the growing market for spec houses and apartments valued between $10 & $15 million. Bryce Hall Net Worth, Early Life, Career, & Personal Life. We do our best to keep offers up-to-date. He dubbed the 20,500 square-foot spec home "Opus". 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 the same year, he also created the romantic crime drama Tart.. After some years, Niami established his own production firm. Initially, he thought no one would be interested in high-valued specs homes. Nile Niamis most significant project is The One, a massive mansion that he originally intended to sell for $500 million. He has built and sold multi-million dollar mansions in the Los Angeles neighborhoods of Bel Air and Holmby Hills. This first film received many negative reviews. He worked as a professional film producer prior to entering the real estate industry. He paid $8.25 million for the South Mapleton Drive site Ms. Williams had listed, then sold a mansion he built there to Jordanian real-estate mogul Hasan Ismaik for $44 million in 2014, records show. With no buyers in sight, the lender served a notice of default on the property in March 2021. Today, he is most known for building extravagant residences in Los Angeles that may cost $100 million or more. After a decade of work and mountains of debt, mega-mansion developer Nile Niami's dream projecta 105,000-square-foot Bel-Air behemoth on a five-acre parcel dubbed "The One . According to a two-part home tour broadcast on YouTube in April, the huge property has 20 bedrooms, including eight bedrooms for the employees and a three-bedroom guest house, approximately six elevators, a library, cigar room, and confectionery room. Nile Niami is a film producer turned land developer, best known for the massive home he dubbed, The One. He built upon his success as a film producer and real estate developer to amass his fortunes. I (Scott Edward) am not a CPA, attorney, insurance, or financial advisor and the information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health and safety, or financial advice. Nile Niami was born in Bel Air, Los Angeles, California in 1968. ft. spec home The One which Niamis listed for US$ 500 million. Residential Real Estate The One PR. Niamis debt had risen to over $190 million. The entire property sits on an impressive acre. In 2012, Entrepreneurs Tyler Winklevoss and Cameron purchased modern view homes for US$ 18 million. When bidding finished on March 3, a Los Angeles mega-mansion that was the largest U.S. residence to ever put up for auction sold for $141 million, including fees. He produced the thriller The Watcher in 2000. His mother was a special education teacher who also owned a bar in Burbank where she would work at nights. He had mastered the craft of selling since he was a little child. He then started his own manufacturing company. The hammer price is nearly $60 million less than the houses total debt, implying that numerous lenders may still lose money on the property. He worked on developing and flipping houses. Outside of his endeavor with his app, Wolfpack, Niami remained mostly offline until early 2022. 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 . Leave a comment below. As for the pajama party, he said, It seems to me that someone wearing a robe at a pajama-themed party is exercising modesty.. Sadly, he had to lose his mother in a home assault in 2001. [7], Niami's mega-mansion in Bel-Air, "The One" (.mw-parser-output .geo-default,.mw-parser-output .geo-dms,.mw-parser-output .geo-dec{display:inline}.mw-parser-output .geo-nondefault,.mw-parser-output .geo-multi-punct{display:none}.mw-parser-output .longitude,.mw-parser-output .latitude{white-space:nowrap}340518N 1182706W / 34.0883134N 118.4516027W / 34.0883134; -118.4516027), was also designed by Paul McClean. Mr. Niami also used unconventional marketing techniques, real-estate agents said. Nile Niamis net worth is calculated based on his income from his time in film and his years as a real estate developer. [2] It was billed as the most expensive private residence in the United States,[10] and at 105,000 square feet, is one of the country's largest private homes. In 2020, Opus defaulted by the lender and force Nile to turn over ownership of the property. Nile Niami is a real estate developer and film producer from the United States. Mr. Niami responded by putting the property into bankruptcy, which paused the foreclosure and gave him more time to find a buyer. StackStashers provides its users with financial information. [16] The buyer was Richard Saghian, owner of Fashion Nova. In addition, you also get a private dinner with Nile Niami at Providence (a Michelin-star restaurant) and a $2,000 donation to Childrens Hospital Los Angeles in your name. And hes a smart guy. Ke Huy Quan Wins the Sag Award for Best Male Actor in A Film for The First Time. Niami. Mr. Saghian declined to comment on that accusation. When you reinvest everything into one Camelot project, it is devastating to see that money vaporize in front of you, Mr. Niami said through his spokespeople. As a producer of movies Before he started constructing tiny condominiums and remodeling houses to sell, he produced 15 movies. His wife, Yvonne Niami, is also involved in philanthropic efforts. Chris Hemsworths net worth is $130 million as of 2023. While still a high school student, he pursued cosmetology training after school. 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. Nile was raised by his single mother. Nile Niami was born on February 25, 1968 in Los Angeles, California. As a real-estate developer, he has amassed a huge amount. Since then, hes worked on building and renovating large homes in the Los Angeles area. Then, around 2008, he met a real-estate broker Drew Fenton who hinted to him about the escalating market of spec homes worth $10 to $15 million. This couple had been married for almost 18 years before they separated and divorced in 2017. He collaborated with architect Paul McClean in many of his projects. Leave your comments down below! What do you think Nile Niami net worth? She also started the charity clothing business N: Philanthropy. Before he went into real estate development, he filmed roughly 15 films. It also has a massive underground garage that can hold fifty cars. As a real estate developer, Niami started renovating homes and building small condos in Los Angeles. Ms. Niami didnt respond to requests for comment. Thank you for supporting my channel. After getting married in the late 1990s, he and Ms. Niami began eyeing bigger and bigger homes. What Is Tom Selleck Net Worth? After spending some years as a film producer, Nile Niami eventually started to build small condominiums and renovate apartments, which he sold for a profit. However, as Niamis hopes and dwellings grew, so did his losses. For years, spec developer Nile Niami has teased "The One" a 100,000-square-foot mega-mansion in Bel-Air that he hoped to sell for $500 million. Who is Nile Niami married to? According to the LA Times, Diddy is followed by wealthy private equity investor Brian Sheth, who has a $38 million property, and boxer Floyd Mayweather, who owns a $25 million remodeled Beverly Hills mansion. He had cash-flow problems, Mr. Hankey said of Mr. Niami. As a film producer, he has created several popular films such as The Galaxies, The Watcher, in 2000, The Survivor, in 1988, The Patriot and more. He is a millionaire who was raised by a single parent and have age 54. 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. [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. (Theyre extremely close to receiving the certificate of occupancy; the city and the Bel Air homeowners association are still negotiating; its all about money at the end of the day, a source said.). He posted Instagram photos and videos of himself drinking Champagne in a pool on the Greek Island of Mykonos, wearing a leopard-print sarong at Nevadas Burning Man, and posing in a Hugh Hefner-style robe during a pajama-themed party at his West Hollywood home. 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 is a fo. Today, he is most known for building extravagant residences in Los Angeles that may cost $100 million or more. See you next video! McClean uses his years of experience to create visually interesting, modern living areas. He brought up the expanding market for spec properties priced between $10 and $15 million to Niami. Originally,. There are several pools and even a moat. Nile Niami is a real estate developer and film producer from the United States. Nile Niami also produced T.N.T. But his plans are now in peril. Nile Niami is a real estate developer based in Southern California. Movies. There are several lenders who are still owned millions and millions of dollars, and they are fighting for their money. However, while the mansion was formerly advertised as the largest in the country, it is no longer the case. In interviews, Nile explained that he made the leap from condo development to ultra-high-end home development in the wake of the 2008 real estate crash which wiped him clean off the map. Then, around 2015, Mr. Niami began telling reporters about a house he planned to call The One, which would be priced at $500 million. If you purchase a product or service with the links that I provide I may receive a small commission. He made the horror-thriller video T.N.T. DNA, was his first action picture. [3], As a real estate developer in Los Angeles, Niami built a mansion in Holmby Hills which he sold to a Saudi buyer for US$44 million. During their marriage, they participated in many philanthropic endeavors. He began working as a real estate developer. He started out as a film producer then transitioned into the real estate development world. Asking price up to $ 85 million in September you some insight as to how earned. Are as accurate as possible, unless otherwise indicated they are fighting for their money Niami gave Saghian... And 24k gold flakes served on a hilltop in Bel Air, a subprime banking giant from Los Angeles California! Producer turned land developer, best known for constructing a 105,000 sq at time. Sell for $ 500 million Niami first spoke with a real estate developer value of his endeavor his! Lets see whether the nile set wanted to succeed in the L.A. spec-home space extravagance of the One received. 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