- One Beverly Hills secured $4.3B in financing, led by J.P. Morgan and VICI Properties.
- The 17.5-acre mixed-use project includes hotels, branded residences, and luxury retail.
- First handovers expected within two years; project completion scheduled for 2028.
- The development is forecast to generate $40B in local economic impact over 30 years.
Financing Secured for Major Mixed-Use Project
One Beverly Hills has finalized $4.3B in construction financing, setting the stage for one of the largest mixed-use developments in the US. J.P. Morgan led the $2.8B senior loan, with VICI Properties contributing $1.5B in mezzanine debt. Bresi reports that the joint venture, headed by Cain International and Eldridge Industries, will transform a prime 17.5-acre site in Beverly Hills.
Project Features and Tenants
The mixed-use development will include the West Coast’s first Aman-branded hotel and residences, two new residential towers, and luxury retail anchored by brands such as Dolce&Gabbana and Casa Tua Cucina. The project will also connect to a refreshed Beverly Hilton and the Waldorf Astoria Beverly Hills, plus offer extensive gardens and underground parking for 1,800 vehicles.
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Residential and Economic Impact
Buyers can choose from two-bedroom units starting at 2,550 PSF up to 25,000 PSF penthouses with sweeping city and ocean views. Vertical construction is underway, with phased delivery beginning as soon as 2028. Over the next 30 years, the mixed-use development is expected to generate $40B in economic activity and support thousands of construction jobs throughout Los Angeles, adding to a wave of high-value transactions and development activity reshaping Beverly Hills’ commercial landscape.
Why It Matters
The financing underscores continued investor confidence in high-end mixed-use projects, even amid a challenging lending environment. One Beverly Hills positions Beverly Hills as a global luxury destination, appealing to both buyers and major hospitality operators seeking long-term value in premier urban locations. Expect further leasing activity and residential sales as the project progresses toward completion.
