Led by investments from JP Morgan and VICI, private development One Beverly Hills, anchored by Aman Beverly Hills, is underway. The plans for it include a 78-key hotel, two residential towers with a limited collection of Aman Residences and a members-only Aman Club, along with retail.
The 17.5-acre mixed-use destination is on track for phased completion by 2027, led by master developer and owner Cain International, in partnership with OKO Group and architecture firm Foster + Partners.
Landscape architect RIOS has also played a significant role, redeveloping 10 acres of reclaimed green space—including botanical gardens that will weave throughout the entire One Beverly Hills project, including the Waldorf Astoria, the Hilton, and the future Aman.
The Hilton, situated in a prime location surrounded by luxury retail and fine dining, is undergoing a comprehensive restoration.
The renovation is fully integrated into the overall timeline, and it’s the most significant transformation in the hotel’s history, Larry Green, managing director of Cain Development, told GlobeSt.com.
“The redesign will blend classic mid-century glamour with a fresh, contemporary vision,” he said. “Guests will see enhancements everywhere—from upgraded accommodations and reimagined event spaces to elevated dining and retail.
“And, of course, the Aqua Star Pool will remain a centerpiece, reestablished as a vibrant social hub. This is about celebrating everything The Hilton stands for while positioning it for the future of hospitality. Beverly Hills is one of those rare markets where history, culture, and global appeal intersect. This was an opportunity to create something that truly endures. While the city is synonymous with luxury, what sets it apart is the strength of its community and its long-standing international relevance.”
Green said the goal of One Beverly Hills was to respect that legacy while shaping the future—a project that blends architecture, nature and cultural resonance in a way that feels authentic and lasting.
“Given that the Hilton remains a cornerstone of the city, we’re thoughtfully restoring it, honoring its history while preparing it for its next chapter,” Green further explained.
Cain and OKO have delivered transformational projects across the U.S., particularly in South Florida. For example, 830 Brickell was the first stand-alone Class A+ office tower in Miami’s Brickell Financial District in over a decade—and it’s now fully leased.
The pair also developed Una Residences, Brickell’s first waterfront residential project in more than 10 years.
As for One Beverly Hills, Green said that bringing a unified vision to life on such a prominent and historically significant site was no small task.
“In Beverly Hills, expectations for design, livability, and heritage are incredibly high—and rightfully so,” he noted. “Securing entitlements was a major milestone that validated our approach and the strength of the master plan."
“The complexity was extraordinary: multiple parcels, multilevel infrastructure, world-class brand integrations—all in one project. That requires more than vision; it takes disciplined execution and confidence from every stakeholder involved.”
The area’s completion in 2027 will make it a natural gathering place during that year’s Olympics, according to Green.
One Beverly Hills is expected to generate an estimated $40 billion in local economic impact over the next 30 years, including $9 billion in new spending.
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