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RECORD PRICE HOMES

California dreaming: US$500m tag on LA home

New luxury mansions are proliferating in Los Angeles, often without buyers in place, known as building on spec
Thursday, May 28, 2015 - 05:50
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Construction is continuing this month at the home being built by Mr Niami in Bel Air.

Los Angeles

ONE of the biggest homes in US history is rising on a Los Angeles hilltop, and the developer hopes to sell it for a record US$500 million.

Nile Niami, a film producer and speculative residential developer, is pouring concrete in LA's Bel Air neighbourhood for a compound