One Beverly Hills, the 17.5-acre mixed-use urban destination that will redefine luxury living in the heart of Beverly Hills, has finalized $4.3 billion in financing to complete its ambitious development. The deal, led by J.P. Morgan and VICI Properties Inc., ranks among the largest financing arrangements of its kind in the past decade.

The development will introduce Aman’s first West Coast urban residences, a luxury hotel, and private members’ club, alongside retail, wellness, and leisure amenities set within 10 acres of gardens and open space. The project will also integrate the elegantly refurbished Beverly Hilton and Waldorf Astoria Beverly Hills, providing a seamless blend of heritage and contemporary luxury. The complex will offer 1,800 underground parking spaces, creating a true landmark in both scale and design.

“The confidence shown by J.P. Morgan and VICI highlights the market’s belief in our vision,” said Jonathan Goldstein, Co-founder and CEO of Cain. “With strong sales momentum and interest from world-class brands, One Beverly Hills is poised to become one of North America’s most exceptional real estate destinations.”

Economic Impact

Construction began in 2024, with vertical works starting in autumn 2025. Phased delivery will begin in 2028, positioning the development as a long-term economic driver. The project is expected to generate approximately $40 billion in local economic activity.

The development is projected to create over 2,700 direct construction jobs in the Beverly Hills area. Turner Construction Company is managing all on-site construction activities for One Beverly Hills, including oversight of subcontractors and related construction services. Beyond building, Turner will actively engage with local communities and diverse businesses, offering guidance, education, and resources so job seekers and small enterprises can take full advantage of upcoming opportunities. These initiatives will be closely coordinated with Cain and its development partners, ensuring alignment across all aspects of the project.

Residential offerings range from 2,550-square-foot two-bedroom units to 25,000-square-foot penthouses, featuring sweeping views of the Pacific Ocean, Hollywood Hills, and downtown Los Angeles. The development has already attracted high-profile hospitality and retail partners, including Dolce&Gabbana, Casa Tua Cucina, and Los Mochis, which will debut a 12,000-square-foot indoor-outdoor fusion restaurant.

Todd Boehly, Chairman and CEO of Eldridge Industries, emphasized the project’s broader significance: “This development reflects our long-term conviction in Beverly Hills and Los Angeles. Beyond creating a landmark destination, it invests in the community and supports the city’s next chapter of growth.”

Financing Structure

The financing structure comprises a $2.8 billion senior loan from J.P. Morgan and a $1.5 billion mezzanine loan from VICI, underscoring the scale and confidence behind the project. “VICI shares our conviction in high-end, world-class destinations, and we look forward to expanding this partnership in Beverly Hills for years to come,” said Ed Pitoniak, CEO of VICI Properties.

One Beverly Hills is masterplanned by Foster + Partners, with Aman-branded design elements by Kerry Hill Architects and landscape architecture led by RIOS, bringing together some of the world’s most respected designers to create a development that blends luxury, culture, and sustainability in one of the world’s most coveted markets.

One Beverly Hills Factsheet

Project Name: One Beverly Hills
Location: Beverly Hills, California, USA
Site Area: 17.5 acres
Development Type: Mixed-use – luxury residences, hotel, members’ club, retail, wellness, leisure

Key Residential Highlights:

• Aman’s first West Coast urban residences
• Unit sizes: 2,550 sq ft – 25,000 sq ft penthouses

Hotels Integrated: The Beverly Hilton, Waldorf Astoria Beverly Hills
Retail & Dining Partners: Dolce&Gabbana, Casa Tua Cucina, Los Mochis (12,000 sq ft fusion concept)

Parking: 1,800 underground spaces

Construction Timeline:

• Groundbreaking: 2024
• Vertical works: Autumn 2025
• Phased delivery: From 2028

Financing: $4.3 billion total

• $2.8B senior loan – J.P. Morgan
• $1.5B mezzanine loan – VICI Properties
  Developers: Cain in partnership with Eldridge Industries

Design Team:

• Masterplan: Foster + Partners
• Aman-branded design: Kerry Hill Architects
• Landscape: RIOS
• Turner Construction Company – managing all on-site construction, subcontractors, and local workforce engagement

Economic Impact:

• $40B local economic activity over 30 years
• 2,700 direct construction jobs

Project Highlights:

• 10 acres of gardens and open space
• Luxury residences and hotel offering sweeping views of Pacific Ocean, Hollywood Hills, and Downtown LA
• High-profile global brands anchored in retail and hospitality