Saturday, September 28, 2024

Kanye West’s alterations to Malibu mansion slammed as ‘dumb’ by new owner who purchased it from the rapper for $21M

The alterations made by Kanye West to his former Malibu mansion have been dubbed ‘dumb’ by the home’s new owner.

The Tadao Ando-designed space was gutted by the 47-year-old rapper in 2021, with the completion of the renovations never brought to fruition.

CEO Bo Belmont, who runs the real estate crowdfunding firm Belwood Investments, recently purchased the residence from West for $21 million, millions less than the asking price.

About Kanye’s choice to remove the floors’ glazed finish, he told the Los Angeles Times: ‘That was a really dumb move. Really no purpose.’

‘This is not just a phenomenal real estate investment; it is an opportunity to revitalize and preserve an architectural gem by the renowned Tadao Ando, ensuring it remains a jewel of Malibu,’ Belmont stated in a press release, per New York Post.

The alterations made by Kanye West to his former Malibu mansion have been dubbed 'dumb' by the home's new owner; pictured in February

The Tadao Ando-designed space was gutted by the 47-year-old rapper in 2021, with the completion of the renovations never brought to fruition

Elsewhere in his press statement, Bo gushed, ‘We are incredibly excited about the acquisition of this property.’

The abode was built by Pritzker Prize-winner Ando for art collector and financier Richard Sachs in 2013.

‘My goal is to make it as though Kanye was never there. The house will be restored right back to what it was,’ the new owner told the LA Times.

It was reported in July that the home was purchased, but the owner and the price were not known until late August.

The manor is about 4,000 sq ft and boasts four bedrooms and five bathrooms.

The Chicago-bred music artist scooped it off the market for a whopping $57.25 million in 2021. 

He later removed the compound’s windows, doors, electric and plumbing as he planned to make the stairs a slide, the floors trampolines and the facade camouflage, according to the Times.

One of the workers hired to help gut the house told the New Yorker in June that West had wanted to create a ‘bomb shelter’ and his ‘Batcave.’

CEO Bo Belmont, who runs the real estate crowdfunding firm Belwood Investments, recently purchased the residence from West for $21 million, millions less than the asking price

About Kanye's choice to remove the floors' glazed finish, Belmont told the Los Angeles Times: 'That was a really dumb move. Really no purpose'

'This is not just a phenomenal real estate investment; it is an opportunity to revitalize and preserve an architectural gem by the renowned Tadao Ando, ensuring it remains a jewel of Malibu,' Belmont stated in a press release

Despite the radical renovations, Belmont noted that the home’s structure was ‘mostly cosmetic.’ 

The Yeezy designer initially put the home on the market for $53 million, reducing it by $14 million to $39 million this past April. 

For the sale, Kanye sought the expertise of real estate agent Jason Oppenheim of The Oppenheim Group, made famous by the Netflix reality series Selling Sunset.

Oppenheim told TMZ he was optimistic about selling the property, describing the mansion as ‘basically a blank canvas’ for potential buyers.

This post was originally published on this site

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