Overview
- Current owner Steven “Bo” Belmont defaulted on an $18.5 million loan and filed Chapter 11, delaying a March 19 foreclosure auction to April.
- West bought the Tadao Ando–designed property for $57 million in 2021, stripped it during an extreme remodel, then sold it in 2024 for $21 million.
- A jury awarded former project manager Tony Saxon $140,000 in March after he sued over unpaid wages and hazardous conditions tied to the renovation.
- Reports and a TikTok tour describe a bunker-like interior of concrete and steel with utilities removed, an underground tunnel and markings attributed to West.
- AllHipHop reports the current owner pitched a crypto-backed timeshare and later relisted the property at $50 million, $34.9 million and $30 million without a sale.