The estate located at 11101 Chalon Road in Bel Air is rather infamous for the fact that construction costs are rumored to be more than $300 million, as well as the fact that it is said to be intended for Qatar's Royal Al Thani family. Sitting on an eight-acre hilltop in Bel-Air, the property contains a still-under-construction 77,000-square-foot home designed by Peter Marino. The property also has a 10-bedroom guest house for staff and security, befitting the needs of a royal family. This mansion comes with one of the highest property tax bills in Los Angeles County: $1.03 million per year. As of this writing, the home is still under construction.
The property has been tied to billionaire private equity guru Thomas Barrack, Jr. He filed plans for the Chalon Road mega-mansion in 2014. However, it turns out that the CEO of Colony Capital is not the true buyer of the property; he is merely the frontman for the Al Thani family.
Here’s a photo of the house from when it was under construction, courtesy of Bing Maps:
Photo via Bing Maps
The land sits right above the Bel Air Country Club, purchased for $35 million in 2010. It features 360-degree views of the Pacific Ocean, city lights, and mountains. Permits filed with Los Angeles' department of building and safety reveal that the Chalon Road project will include a pool, spa, cabana, and tennis pavilion. Barrack has strong ties with investors in the Middle East, including the Royal Al Thani family. In 2011, Barrack worked with the Qatar Investment Authority, the sovereign wealth fund overseen by the royal family, to purchase Miramax Films and some of its assets for $600 million.
Table of Contents
- Biography of Thomas Barrack Jr.
- Details of the Chalon Road Estate
- Investment History and Background
- Connection to the Al Thani Family
- Final Thoughts
Biography of Thomas Barrack Jr.
Thomas Barrack Jr. is a prominent figure in the world of private equity and real estate investment. He has built a billion-dollar fortune by acquiring out-of-favor assets and has been involved in several high-profile deals. Born to Lebanese immigrants in Los Angeles, Barrack has leveraged his background and connections to establish a formidable business empire.
| Personal Detail | Information |
|---|---|
| Name | Thomas Barrack Jr. |
| Date of Birth | April 28, 1947 |
| Nationality | American |
| Occupation | Investor, Real Estate Developer |
| Notable Associations | Donald Trump, Qatar Investment Authority |
Details of the Chalon Road Estate
The Chalon Road estate is a symbol of luxury and excess, with its massive size and impressive design. The property is designed to cater to the needs of the wealthy and powerful, featuring amenities that are rarely found in residential properties. The scale and opulence of this estate make it a topic of interest not only for real estate enthusiasts but also for those curious about the lifestyles of the elite.
Investment History and Background
Barrack's investment strategies have included purchasing significant assets across the globe, including $200 million in Middle Eastern real estate and $534 million in non-performing German real estate loans. His ability to identify undervalued assets has been key to his success.
Connection to the Al Thani Family
In 2015, Barrack intervened on behalf of the Al Thani family in a dispute over London's Claridge's Hotel. His connections and expertise facilitated a successful outcome, demonstrating the intertwining interests of luxury real estate and global finance.
Final Thoughts
The estate located at 11101 Chalon Road in Bel Air is not just a construction project; it represents a broader narrative about wealth, power, and international connections. As the property nears completion, it will undoubtedly continue to attract attention and speculation about its true ownership and purpose.
