One Beverly Hills is the kind of project that only pencils out in a handful of zip codes. The $10 billion development is rising on 17.5 acres around the Beverly Hilton, knitting two luxury hotels, branded residences, retail, and ten acres of public gardens into a single Foster + Partners-designed campus.

Project Scope

The plan centers on two Aman-branded residential towers of 28 and 32 stories, holding 197 condominiums, alongside the first Aman hotel on the West Coast and a restored Beverly Hilton and Waldorf Astoria. A retail pavilion, a conference center, and a large botanical garden open to the public round out the program. Alagem Capital Group and Cain International are developing it as a joint venture, with construction underway since early 2024 and vertical work starting in late 2025.

Financing has kept pace with the ambition. In March 2026 the developers lined up $4.3 billion, including a $2.8 billion senior loan, to carry the project through its main construction phase.

Why It Matters

At entry prices around $20 million and penthouses well past $40 million, One Beverly Hills is a wager on the durability of top-tier demand even as broader commercial real estate stays soft. The public-gardens piece is the civic counterweight, an attempt to give a famously private enclave something it can share. Whether a development this large lands gracefully in low-rise Beverly Hills is the open question, and not everyone is convinced.

It joins a small club of branded ultra-luxury bets, alongside projects like the Waldorf Astoria in Miami and supertall residences such as Six Senses Dubai Marina. Design and financing detail come from Foster + Partners and Urbanize LA.

Project Team & Details