Kanye West is able to “Runaway” from his catastrophe venture in Malibu … the gutted mansion now belongs to a brand new proprietor, who bought a fairly strong deal for the uncommon property.
Belwood Investments, a “actual property crowdfunding agency” primarily based in California, has scooped up the controversial property for round $21 million … the corporate acknowledged in a press launch.
Ye notably nabbed the Tadao Ando-designed dwelling for $57.3 million in 2021 … after which infamously stripped the manse right down to its naked bones — reportedly to rework it right into a bomb shelter.
However, the rapper seemingly bought sick of the venture and listed the house for the whopping price ticket of $53 million.
Sadly for Ye, nobody was desirous to tackle the stripped-down abode at that hefty worth level … prompting the hitmaker and his realtor, “Promoting Sundown” star Jason Oppenheim, to minimize $14 million from the OG asking worth.
Appears to be like like Ye’s camp was finally capable of finding a purchaser … however wanted to slash the value once more, making it fairly a deal for Belwood.
The corporate’s CEO, Bo Belmont, already has massive plans for the mansion … asserting an extra $5 million funding into the property in an try to revive it to the legendary Japanese architect’s imaginative and prescient.
Belmont famous … “This isn’t only a phenomenal actual property funding; it is a chance to revitalize and protect an architectural gem by the famend Tadao Ando, making certain it stays a jewel of Malibu.”
Here is hoping $5M will do the trick … as a result of it is giving cash pit, TBH.
