[4] Residents of Bel-Air who opposed the project formed a homeowners alliance, which was led by Fred Rosen, the former chief executive officer (CEO) of Ticketmaster, who insisted that it should be permitted as a commercial development.

The One also has a 10,000-square-foot (930 m2) skydeck, putting green, a 30-car garage with two display car turntables, four-lane bowling alley, movie theater, nightclub, hair salon, a "philanthropy wing" designed to host charity galas with up to 200 guests, and a "Monaco-style" casino.

[11] The One contains custom art pieces made by Niclas Castello, Mike Fields, Stephen Wilson, and Simone Cenedese.

[14] Crestlloyd, Niami's limited liability company, defaulted on a total of $165 million of debt stemming from the property in March 2021.

[15] Crestlloyd went into bankruptcy under Chapter 11 in an attempt to prevent The One from falling into foreclosure,[16] but the Los Angeles County Superior Court put the property into receivership in July.

[17] Niami sought to create a cryptocurrency called The One Coin that would be backed by the house to raise funds to pay off the debt, but the plan did not succeed.

[21] The house lacked a certificate of occupancy and required an estimated $20 million in additional construction costs at the time of the sale.