Mohamed Hadid's Failed Spec Home Lands Buyer
Mohamed Hadid and 901 Strada Vecchia Road (Getty, Redfin) Mohamed Hadid’s controversial and soon-to-be-demolished Bel Air spec mansion has found a buyer after four months on the market. Developer Bruce Lifton is under contract to buy the home for $8.5 million, court records show. The saucer-shaped home — partially built and pegged at 30,000 square feet — was put into receivership. The New York Post first reported the sale, but did not identify the buyer. Lifton has developed homes in the Hamptons and flipped homes in Palm Beach, Florida. Messages left with his Southampton-based contract...
Source: therealdeal.com