One Beverly Hills Breaks Ground

Beverly Hills is known for glamorous hotels, stunning gardens and regal residences—and the upcoming One Beverly Hills development will unite all three in a level of luxury the city has yet to see. 

Construction on the $2 billion development, located on 17.5 acres between the Beverly Hilton and Waldorf Astoria Beverly Hills, officially began on Feb. 8, to the delight of the project executives, city officials and hundreds of invited guests who gathered to celebrate the groundbreaking. 

“I believe that Beny Alagem’s foresight, Lord Norman Foster’s architectural vision, and the dedicated effort of the broader team in merging these two iconic properties into one magnificent new entity represents a truly brilliant and collective accomplishment, mirroring the city’s values,” said Mayor Dr.  Julian Gold. “Situated at the western border of Beverly Hills, visitors will immediately be enveloped in the beauty and luxury that epitomizes this great city. I am confident that the One Beverly project represents the dawn of the next chapter in this city’s remarkable history.”

Once complete, One Beverly Hills will be home to up to 225 residential units, 78 hotel suites, 30,000 square feet of commercial space and 8.5 acres of lush gardens. A pair of 31-and 28-story residential towers will rank as the tallest buildings in Beverly Hills and the project will also include a renovation of the Beverly Hilton. 

The development is led by Cain International alongside OKO Group. Alagem Capital remains a committed partner in the development. Indeed, Alagem’s Chairman and CEO Beny Alagem spoke at the groundbreaking of a “20-year vision for One Beverly Hills.” He added, “Soon it will be the place to live, work, eat, relax in the most beautiful gardens that will surround us. This is a tremendous moment for the city of Beverly Hills and for all its residents.”


Ceremonial groundbreaking for One Beverly Hills took place on Feb. 8.

In recognition of Alagem’s singular role in bringing the project about, Cain CEO and co-founder Jonathan Goldstein announced that the road between the residential towers and the Los Angeles Country Club will be named Alagem Way. 

Luxury  hospitality  leader  Aman Group will operate the hotel, a 100,000 square-foot private club and a limited number of Aman-branded residences within the development’s two towers.

“I think that what we’ve done is produced something very, very special, which will bring long-term benefits to Beverly Hills,” Goldstein told the Courier.

Those benefits include over 2,700 construction jobs, four acres of publicly accessible gardens and an estimated $9 billion in new local spending across 30 years. And that is not to mention the prestige of bringing one of the world’s foremost luxury hotel brands to Beverly Hills, he added. 

“It plays both to the local environment and the local economy,” said Goldstein. “It’s important that when you build something, you create something that helps everybody, and we hope that’s what we’re doing. 

Aman launched its first residence in Thailand and now operates 35 properties around the world. In keeping with Aman tradition, a group of Tibetan monks performed a ceremonial blessing at the groundbreaking.

The hospitality group is known for its secluded and intimate resorts focused on wellness, serenity and embracing the cultural heritage of their surroundings. 

While the vibrancy of Beverly Hills is distinct from other Aman destinations like the remote sands of the Utah desert, lofty peaks of Bhutan or ancient pine forests of Bodrum, Aman Beverly Hills—located amidst a botanical garden—aspires to the same spirit of tranquility and bliss. 


Cain CEO Jonathan Goldstein and Beny Alagem holding up the sign for the new “Alagem Way” announced at the ceremony
Photos by Chris Schmitt

The botanical gardens will be cultivated by landscape architects RIOS and feature over 200 species of California plants and trees including palms, oaks, sycamores, succulents and olives.  The use of native and water-wise plants ties into the development’s mission of sustainability and will be watered with collected rainwater and gray wastewater.  

In addition, the development will employ a central geothermal system, which uses the temperature of the earth to naturally heat and cool water thereby reducing the number of cooling towers needed and saving millions of gallons of water annually, said Goldstein. 

“We’ve really invested in a sustainable future, so we’re bringing together multiple technologies to lower emissions and energy consumption,” Goldstein told the Courier. 

The building design is spearheaded by renowned architecture firm Foster + Partners, with Aman designs by Kerry Hill Architects. Foster + Partners is helmed by world-famous British architect Lord Norman Robert Foster, known for designing The Gherkin in London and Apple’s corporate headquarters in Cupertino. 

The project was approved by the Beverly Hills City Council in a 4-1 vote in 2021, with Councilmember John Mirisch voting against the development due to its lack of affordable housing. Construction will be run by Turner Construction Company and is expected to be completed in late 2027-early 2028, Goldstein said. 

“We’re hoping that we are going to bring to bear the experiences and the lessons we’ve learned over many years to one of the great projects in the world,” said Goldstein. “We’re very, very excited that the vision of many people is now going to come to the fore and we’re proud to be the leaders of that process.”

“We hope people will be proud of what results and enjoy it for generations to come.”