Bloomberg Businessweek
Jul 12, 2019 - 6 min
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What went wrong with this ambitious project? In March 2022, the financial woes of developer Nile Niami's $500 million megamansion project reached a climax when "The One" was finally sold at a private auction for $126 million. Katherine Clarke examines the failures leading to the downfall of the world's priciest listing.