The Aman Beverly Hills announcement that landed in the design trades and travel press carried a 2026 opening. Aman’s own site, the City of Beverly Hills, and project developer Cain International all now describe phased completion commencing in early 2028. The roughly 24-month slip reshapes the exit window for anyone underwriting a sale on the Wilshire and Santa Monica corridor.

The Original 2026 Headline

The hospitality trades carried the 2026 date when the announcement first hit. Hospitality Design and Hospitality Net both ran the 2026 timeline at announcement, and consumer travel coverage from One Mile at a Time matched it. The project specifics from that round of trade press included a 78-suite urban Aman designed by Kerry Hill Architects, a members’ Aman Club, two towers of Aman-branded residences, multiple hotel dining venues, an Aman spa, and eight acres of botanical gardens. All on the Wilshire and Santa Monica corner of the 17.5-acre One Beverly Hills development.

The 2028 Reality

Cain International’s current language reads “phased completion is expected to commence in early 2028.” Aman’s own site now lists “Opening 2028” for the property. The City of Beverly Hills’ One Beverly Hills page reads “Construction is anticipated to be complete in 2028, with some portions of the project opening sooner.” Vertical construction started in autumn 2025 on the Wilshire and Santa Monica parcel. Financing had already closed earlier, in early 2024, with a $2.8 billion senior loan from J.P. Morgan and a $1.5 billion mezzanine loan from VICI Properties, totaling a $4.3 billion package for the development.

The roughly 24-month slip is best understood as the gap between the announcement-era trade press and the developer’s current delivery schedule. That kind of gap is normal on a $4.3 billion build of this complexity and capital structure. The 2028 date is the one the construction team is now publicly committed to deliver, and that is the date a sell-side conversation should be calibrated to.

The F&B Supply That Lands in 2028

The question for coastal F&B operators is what the dining footprint at One Beverly Hills does to the Wilshire corridor when it lands. The named tenants alone represent meaningful incoming supply for the corridor.

Casa Tua Cucina is taking approximately 20,000 square feet in its first West Coast location. The Miami flagship opened in 2001 under Miky and Leticia Grendene. The Beverly Hills space is an Italian marketplace concept with multiple dining stations, a wine bar, and curated retail under one roof.

Los Mochis is taking approximately 12,000 square feet for its U.S. debut. The concept includes a hidden Mexican-Japanese omakase counter, a sushi bar, a private dining room, a late-night agaveria, and a 2,000-square-foot secret garden.

The Aman hotel itself will run multiple dining venues alongside the retail-tenant restaurants. None of the hotel venues have been publicly named yet.

Beyond those named anchors, Cain has said the broader development will house up to 45 retail and dining concepts within 200,000 square feet of curated retail space. So the F&B supply landing at Wilshire and Santa Monica in 2028 includes roughly 32,000 square feet of brand-name independent restaurant supply, plus the Aman hotel dining program, plus an unspecified portion of the broader 45-concept lineup, all inside the phased delivery window starting early 2028.

The Exit Calendar for the Wilshire Operator

For an operator in the Beverly Hills triangle or on the nearby West Side considering an exit in the next 24 to 48 months, the One Beverly Hills timeline matters for two specific reasons that pull in opposite directions. Both reasons trace back to the 2028 delivery date and what buyers will know on each side of it.

Pre-opening hype creates a valuation tailwind on the way in. A 2028 delivery means 2026 and 2027 are the window where buyers underwrite the corridor as about to get a major luxury hospitality anchor. That generally lifts buyer comfort with rent multiples and projected covers in a several-block radius around the site.

Post-opening disruption creates a valuation drag on the way out. The first year or two after a tentpole luxury development lands usually pulls some share of high-AOV traffic from nearby independents, and buyers know this pattern well and underwrite the discount into their offers. A 2028 opening means a 2029 or 2030 buyer is going to ask about Casa Tua’s pull, the Los Mochis pull, and the Aman dining impact on your covers, and they will want comp data you do not yet have.

For an operator with a 2026 or 2027 listing window, the One Beverly Hills timeline is a tailwind. For an operator with a 2028 through 2030 window, it is a headwind that should be priced into the listing now.

Underwriting Around Institutional Hospitality Slip

Institutional luxury hospitality timelines slip on a regular cadence, even on well-capitalized projects with sophisticated sponsors. A roughly two-year gap between announcement-era trade press and current developer delivery on a $4.3 billion build is unremarkable. The same pattern applies outside the Beverly Hills triangle.

If you are underwriting your own exit against a nearby tentpole opening, counting on a hotel anchor or a flagship retail center coming online to lift your corridor’s narrative, assume 12 to 24 months of slip from whatever the trade press said. Layer your sale timing on the slipped date. Buyers will use the slipped date in their underwriting, and operators on the sell side should too.

The Wilshire and Santa Monica corner will be transformed by 2028. Nearby operators need to decide whether the exit calendar is running on the 2024 announcement clock or the 2028 delivery clock. Those are different listings with different buyer pools and different valuation conversations.

Sources

Businesses Mentioned

Aman Casa Tua Cucina Los Mochis Cain International Dolce&Gabbana