Nile Niami

From Wikipedia, the free encyclopedia
Nile Niami
Born (1968-02-25) February 25, 1968 (age 53)
Los Angeles, California, U.S.
OccupationFilm producer, real estate developer

Nile Niami (born February 25, 1968) is an American former film producer turned real estate developer, who has built and sold multi-million dollar mansions in the Los Angeles neighborhoods of Bel Air and Holmby Hills.[1]

Early life[]

Niami was born in circa 1968 in Los Angeles, California.[2] He was raised by a single mother,[3] a special education teacher.[2]

Career[]

Niami started his career as a film producer.[2][4][5] He produced 15 films, many of them B movies, before he started building small condominiums and renovating homes to sell.[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.[4] He built another house in Holmby Hills, which was purchased by musician Sean Combs for US$39 million in 2014.[6] He also hired architect to build a house for the Winklevoss twins Cameron and Tyler in the Bird Streets (north of Sunset Boulevard).[4][2] He built a house in Trousdale Estates, a neighborhood in the city of Beverly Hills, with "a spinning car turntable, similar to those in auto showrooms, that's visible from the living room."[2]

"The One", Niami's unfinished mega-mansion in Bel Air, was also designed by Paul McClean.[5][7][8] After eight years of development and numerous delays, it was scheduled to be completed in 2021, but has yet to have been issued a certificate of occupancy.[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.[2] It was billed as the most expensive private residence in the United States,[9] and at 105,000 square feet would have been one of the country's largest private homes.[3] In March 2021, Niami's LLC, Crestlloyd, defaulted on US$165 million in debt related to the property, causing it to enter receivership.[10] A foreclosure sale scheduled for October 2021 was halted when Crestlloyd filed for Chapter 11 bankruptcy.[11]

Niami launched Wolfpack, a mobile app for single men looking for friends;[2] it is no longer available.[12]

Personal life[]

Niami purchased Scooter Braun's Bel Air house for US$9.5 million in July 2015.[13]

Filmography[]

As producer[]

References[]

  1. ^ "Foreclosure looms for Nile Niami's infamous mega-mansion 'The One'". Los Angeles Times. 2021-03-09. Retrieved 2021-04-17.
  2. ^ a b c d e f g Bagley, Christopher (November 13, 2015). "The Making of the Most Expensive Mansion in History". Details. Retrieved January 24, 2016.
  3. ^ a b c d Candace Jackson, "Who Wants to Buy the Most Expensive House in America?" New York Times, December 23, 2017.
  4. ^ a b c d Halderman, Peter (December 5, 2014). "In Los Angeles, a Nimby Battle Pits Millionaires vs. Billionaires". The New York Times. Retrieved January 24, 2016.
  5. ^ a b Tablang, Kristin (June 30, 2015). "7 Things to Know About the Coming $500 Million Mega-Mansion in Bel Air". Forbes. Retrieved January 24, 2016.
  6. ^ Barragan, Bianca (September 16, 2014). "Diddy's New $39-Million Mansion Has an Underwater Tunnel". Curbed.com. Retrieved January 24, 2016.
  7. ^ "The World's Largest—and America's Priciest—Home Is Ready for Its Close-up". Architectural Digest. 2021-01-12. Retrieved 2021-08-18.
  8. ^ Gittelsohn, John (May 26, 2015). "California Dreaming: Record $500 Million Tag on L.A. Home". Bloomberg Business. Retrieved January 24, 2016.
  9. ^ Tuttle, Brad (May 28, 2015). "This Is America's Biggest, Priciest New Home". Time. Archived from the original on May 28, 2015. Retrieved January 24, 2016.
  10. ^ Frank, Robert (2021-09-08). "Most expensive home in America defaults on $165 million in debt, heads for sale". CNBC. Retrieved 2021-09-08.
  11. ^ Randles, Jonathan (October 27, 2021). "Nile Niami's L.A. Megamansion 'The One' Is Put Into Bankruptcy". WSJ. Retrieved November 25, 2021.
  12. ^ Tablang, Niami (January 22, 2015). "Wayback Machine: Wolfpackapp". wolfpackapp. Archived from the original on 2015-01-22. Retrieved June 4, 2021.
  13. ^ Leitereg, Neal J. (July 13, 2015). "Scooter Braun sells to developer building $500-million Bel-Air compound". Los Angeles Times. Retrieved January 24, 2016.

External links[]

Retrieved from ""