The ultra-modern marble-and-glass home was designed by Orange County architect Paul McClean, who also designed Saghian’s Hollywood Hills home.
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It has 21 bedrooms and 42 full bathrooms. There is a sky deck with cabanas, multiple pools, a private theater, a bowling alley, a billiard room, a candy room, salon and spa as well as a nightclub.
real estate community have dismissed the residence as garish, others have seen it as the ultimate trophy home - with a list of amenities aimed at the party set. billionaire Don Hankey.Īlthough some in the L.A. He initially marketed the home for $500 million several years ago but was forced to put it into bankruptcy after Crestlloyd, the home’s limited liability company, defaulted on $106 million in construction loans to L.A. The One, which already has been rented out for filming, is the magnum opus of flamboyant developer Nile Niami. In January, it agreed to pay $4.2 million to settle government allegations that it blocked negative reviews of its products on its website but called the allegations “inaccurate and deceptive.” The company, which is currently advertising a new spring collection with many articles under $30, has come under scrutiny for alleged wage theft by its suppliers, prompting it a few years ago to tighten up contracting practices. Purchasing The One would not only expand Saghian’s real estate portfolio, but could also potentially make sense as a marketing tool for Fashion Nova, serving as a backdrop where its influencers could show off the company’s affordable, of-the-moment designs.
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