One of Beverly Hills’ biggest real estate bets just locked in a massive pile of cash.
Cain and Eldridge Industries have secured roughly $4.3 billion in financing for One Beverly Hills, the luxury redevelopment reshaping the city’s western gateway. The fresh capital, announced Monday, March 23, 2026, is intended to push forward a 17.5-acre plan that mixes ultra-high-end residences, retail, hotels, and public gardens around an Aman-branded hotel and private club. Developers say the funding will move the site into its next construction phase, with first deliveries still targeted for 2028.
As reported by Los Angeles Business First, the $4.3 billion package combines new and refinanced commitments that are expected to underwrite construction and hotel work across the master plan. The outlet’s coverage is the first public report of this larger capital round for the project.
What the Development Will Include
Master-planned by Foster + Partners, One Beverly Hills spans about 17.5 acres and is designed to stitch the Beverly Hilton and Waldorf Astoria into a single campus anchored by an Aman Beverly Hills hotel and two residential towers. The blueprint centers on roughly 10 acres of botanical gardens, some of which will be open to the public, along with a retail pavilion.
Developers have promoted the project as a major economic engine, touting thousands of construction jobs and tens of billions in local economic activity tied to the buildout, according to the Los Angeles Times.
A Long Road of Capital
The freshly announced $4.3 billion stack follows a string of earlier financings. Cain previously rolled out a $2 billion construction package in March 2024 that included a $500 million senior loan from JPMorgan. In 2025, VICI Properties joined the capital structure with a mezzanine commitment that started at $300 million and was later increased, according to company filings.
Those prior commitments were meant to get vertical work started and stabilize the early phases of the project, according to Cain and VICI Properties.
City Money, Public Benefits, and Bonds
Project backers have also looked to public financing tools to cover infrastructure and open space tied to the site. The Beverly Hills City Council previously moved to create a community facilities district that could support up to $550 million in bond issuance for streets, utilities, and open-space improvements connected to the development, according to The Real Deal.
Timeline and Construction Impacts
Work at the site has progressed beyond demolition and grading into vertical construction on select parcels, with phased completion expected from late 2027 into 2028, according to Construction Review.
Nearby residents and commuters are being warned to brace for lane reductions and intermittent closures along Wilshire Boulevard and Merv Griffin Way as utility relocation and demolition work continue through 2028, according to Canyon News.
For now, the exact lender-by-lender breakdown behind the new $4.3 billion package remains under wraps. Los Angeles Business First reported that its sources did not provide the precise mix of new loans, refinancings, and equity. As closings proceed, developers and city officials say they expect to spell out more details on construction schedules, leases, and the timing of promised public benefits.
