Trouble has hit paradise in Los Angeles for one mega-developer with a famous family. Mohamed Hadid, the father of international supermodels Gigi and Bella Hadid and ex-husband of former model Yolanda Hadid, has put an uncompleted house on the market. Not only that, but it's for sale for over a third of its original asking price. Still in construction, the 103,000-square-foot Beverly Hills mansion was to be sold for $250 million. However, it is now only being marketed for $68 million.
Hadid purchased the enormous land on the famous Cedarbrook Drive in 2018, intending to build a new property from the ground up, with 19 bedrooms, 33 bathrooms, and its very own 24,300 square-foot guesthouse. The land was set to be split between the guest house and the main 55,000-square-foot property, with each to have its own thirty-six seat home theaters, staff quarters, bowling alleys, infinity pools, Turkish baths, floor-to-ceiling windows, wine tasting rooms, hot yoga studio, and a 6,000-square-foot garage with car turntables. Gene Bush, the real estate banker who listed the mansion, said, "This was supposed to be [Mohamed Hadid's] jewel."
Hadid described the incomplete property as an "unparalleled property destined to be the ultimate representation of style and success." At the time of the project's announcement, he said, "Each floor is poised to maximize the enjoyment of views with massive floor-to-ceiling windows and countless glass doors leading to outdoor patios, decks, and vanishing-edge pools." However, unfortunately for the millionaire real estate developer, the mansion's construction was halted when Mohamed Hadid filed for bankruptcy in 2021.
On another property Hadid was developing, courts ordered him to demolish an entire mansion worth $100 million in Bel Air. Locals in the area expressed concern to authorities that the building was too large to hold its weight and could be at risk of sliding down the hill and harming neighbors. The ruling to dismantle the entire property was announced when it was revealed Hadid had purposefully increased the size of the mansion. Known as the 'Starship Enterprise,' contractors were forced "to carefully take down the walls to the steel supporting beams to see what's there." Stay tuned as we find out more about this news...