Turner Construction is getting a bigger piece of an already large pie.
The One Beverly Hills project in California has tapped the New York City-based firm as the contractor for the first phase of the project, according to a Turner news release. The Phase 1 contract value was not disclosed, but overall project value is approximately $5 billion, according to the Los Angeles Times.
When the project broke ground last year, Turner led overall site management for the mixed-use development, which will include two, 28-story skyscrapers with fewer than 200 uber-luxury condominiums branded by high-end resort and destination firm the Aman Group of Switzerland.
The 17.5-acre development at Wilshire and Santa Monica boulevards in the heart of Beverly Hills will also include a new, 10-story luxury Aman Hotel with 78 guest suites and a standalone, 100,000-square-foot Aman Club with expansive wellness facilities, according to a news release from London-based investment firm Cain International.
In March 2024, the project secured an additional $2 billion in construction financing, including a $500 million senior loan from JP Morgan, among other private financing commitments, according to Cain.
Miami-based OKO Group is developing the site, while Toronto-based Adamson Associates Architects is serving as executive architect. Singapore and Australia-based Kerry Hill Architects is designing the Aman-branded properties. London-based architecture and engineering firm Foster + Partners master-planned the property.
In addition to the towers, hotel and club, the iconic Beverly Hilton — home to the Golden Globes — will also receive a comprehensive redesign led by London-based David Collins Studio. Ten acres of botanical gardens will link the property with the Waldorf Astoria Hotel, according to Cain.
“We are thrilled to work on this iconic project,” said Reed McMains, vice president and general manager at Turner. “One Beverly Hills will usher in the next exciting chapter in Beverly Hills’ remarkable history.”
Turner said the project will create more than 2,500 construction jobs. Construction is expected to be completed in late 2027.
