Developer and sometimes reality-TV character Mohamed Hadid is back in court with yet another megamansion project.
After being forced to auction off his partially constructed Bel Air property last year, followed by the bankruptcy sale of 65+ acres in Beverly Hills earlier this year, Hadid has once again filed for bankruptcy protections—this time for one L.A.’s largest residential builds ever.
According to the Real Deal, Hadid filed for Chapter 11 on 9650 Cedarbrook Drive this week. The project calls for a 78,000 square foot home on a 37-acre lot; the largest-ever permitted residential construction in Los Angeles.
The listing is currently offered at $250 million.
Made up of 12 separate parcels, the estate calls for a main house and guest house to collectively offer 19 bedrooms, 28.5 bathrooms, a Turkish bath, a bowling alley, five-car garage with vehicle turntables, cigar lounge, 36 person theater, gym and both indoor and outdoor pools.
In Chapter 11 filing, the property is estimated to be valued at $100 million-$500 million.