Mohamed Hadid’s fairytale Bel Air build has reached it’s nightmare conclusion with news that the property has finally sold at auction. The final price: $5 million.
As we’ve reported, Hadid’s doomed Bel Air build was deemed a “clear and present danger” by government officials in 2019 given it’s hillside construction. Hadid built the Strada Vecchia home both bigger and taller than city rules allow and crammed it onto a steep hillside.
Fellow developer Bruce Lifton planned to pay $8.5 million after the partially-built home was put into receivership. However, a costly clause would have required Lifton to grade and restore the hillside where the controversial mansion was built. Coupled with the fact that the city told Lifton he would have to remove all existing retaining walls and regrade the entire site, all of which lead Lifton to back out.
Sahara Construction Co. is the new owner, according to Dirt. Per the agreement, Sahara must pay for the half-finished structure to be demolished within the next nine months.
Todd Wohl of Premiere Estates Auction Company jointly held the Bel Air listing with Jonathan Nash of Hilton & Hyland.