O
ne Beverly Hills is a $5 billion mixed‑use redevelopment slated to open in spring 2028. The 17.5‑acre site between Wilshire and Santa Monica Boulevards will feature a 10‑story Aman hotel with 78 suites and a 100,000‑sq‑ft private club, a renovated Beverly Hilton, two luxury condominiums reaching 453 ft, a 200,000‑sq‑ft retail, dining, entertainment and wellness district within an 8.5‑acre botanical garden, and a conference center. The project is projected to generate $40 billion in local economic impact over 30 years, including $9 billion in new spending, 2,700 construction jobs, and over $100 million in public benefit fees.

    Brent Habeck, Cain’s executive vice president of commercial leasing, said the development will influence not only Beverly Hills but the entire Los Angeles metro area. “We’ll open everything simultaneously in spring 2028 to ensure each component’s success,” he added. Retail is 40 % leased, with Dolce & Gabbana’s second Beverly Hills store, Casa Tua Cucina’s 20,000‑sq‑ft Italian kitchen and marketplace, and Los Mochis’ U.S. debut featuring Mexican‑Japanese fusion cuisine. Approximately 60 % of retail space will host stores, 25 % dining, and 15 % wellness.

    The site, formerly a Robinsons‑May department store demolished in 2014, was acquired by Cain in 2018. Despite a global luxury slump, demand for high‑end brands in Beverly Hills remains strong, with Rodeo Drive 99 % leased and new Dior, Pomellato, and Louis Vuitton openings. Habeck noted Dolce & Gabbana’s second location underscores the market’s wealth and demand.

    Cain, a vertically integrated real‑estate and private‑equity firm with $13.8 billion in assets, also owns the Beverly Hilton and Aman towers and invests in the Aman operating company. Other Cain assets include the Delano Hotel in Miami, 830 Brickell, and 125 West 57th Street, with a forthcoming SoHo hotel.

    The botanical gardens will feature over 200 native California species, including palms, oaks, sycamores, and succulents. Four acres will be reserved for residents, club members, and hotel guests, while 4.5 acres remain public. Foster + Partners serves as master planner, ensuring brand identities align with the overall architecture.

    Goldstein, Cain’s CEO, emphasized that One Beverly Hills will unite leading brands and experiences, setting a new standard where luxury, lifestyle, wellness, and nature converge.