Cain International and OKO Group have officially commenced construction on One Beverly Hills, an ambitious $5 billion project set to become the tallest towers in Beverly Hills. The groundbreaking ceremony took place on February 9, 2024, marking the start of a transformative development that promises to redefine luxury living in the area.
Spanning 17.5 acres, the One Beverly Hills development will feature two residential condominium towers, a luxury Aman hotel, and an exclusive 100,000-square-foot Aman Club. These structures will be surrounded by 10 acres of botanical gardens and open spaces, integrating over 200 species of native and water-wise plants. The project is designed by Foster + Partners, with landscape architecture by RIOS.
The project is expected to generate over 2,700 construction jobs, providing a substantial economic boost to the local community. Turner Construction Company, renowned for projects like the SoFi Stadium and Burj Khalifa, will manage the site. The strategic location and innovative design are anticipated to attract high-end buyers and visitors, reinforcing Beverly Hills’ status as a premier luxury destination.
The project, financially backed by $2 billion in financing from JP Morgan and other private commitments, emphasizes the confidence in the stability and potential of luxury real estate in prime locations.
Jonathan Goldstein, CEO and co-founder of Cain International, expressed his enthusiasm towards the financing deal struck with JP Morgan stating, “We are delighted to welcome JP Morgan as a cornerstone financing partner for the One Beverly Hills project. This endorsement further strengthens our confidence in the stability and potential of luxury real estate in sought-after locations. We look forward to working with our partners as we deliver a product that will redefine hospitality and urban living.”
The development is poised to set a new standard for mixed-use developments in the United States, combining luxury, sustainability, and innovative design to meet evolving demands.
