A gargantuan residence in Los Angeles dubbed "The One" by its developer is now on track to be sold after the owner defaulted on more than $136 million in loans and debt, according to court documents.In an Instagram post last summer, Nile Niami, the project's developer, pitched the 105,000-square-foot home as having seven pools, a 50-car garage, a 10,000-bottle wine cellar and even its own nightclub.Promoted as being the largest and most expensive urban property in the world, "The One" was expected to come to market for $683 million, according to the video Niami posted on Instagram.
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