03/24/2026
A rendering of the One Beverly Hills mixed-use development in Beverly Hills, Calif.
A rendering of the One Beverly Hills mixed-use development in Beverly Hills, Calif. The project received $4.3 billion in construction financing from J.P. Morgan and VICI Properties. Image courtesy of One Beverly Hills and VICI Properties
Cain and Eldridge Industries, developers of the master-planned One Beverly Hills mixed-use project, have secured $4.3 billion in financing to complete the development in the heart of Beverly Hills, Calif. J.P. Morgan is providing a $2.8 billion senior loan for the $10 billion, 17.5-acre project and VICI Properties is providing $1.5 billion in mezzanine debt, which covers the construction of up to 200 Aman-branded residential condominiums.
The financing package is among the largest of its kind to take shape in the last decade, according to the developers. One Beverly Hills is among the most expensive privately funded real estate developments underway in the U.S. The community is expected to generate approximately $40 billion in local economic activity over 30 years and will support more than 2,700 direct construction jobs.
Plans for the development date back to 2018, when Cain and Alagem Capital bought the site at 9900 Wilshire Blvd from Dalian Wanda Group for $445 million. In June 2021, the Beverly Hills City Council signed off on designs from master planner Foster + Partners.