Radar Online has reported that the Wests are currently renting in West Hollywood, and they revealed on Wednesday (May 31) that the two-bedroom, two-bathroom penthouse is conveniently located near the new Yeezy headquarters on Melrose Avenue.
Prior to this, the happy couple were renting a hotel room at Nobu Ryokan, where rooms go for $2,000 a night and require a two-night minimum stay to check in.
“After months spent living at the Nobu Ryokan in Malibu, they have finally found their own home, close to his new HQ on Melrose,” a source close to the couple revealed to Radar. “It’s a gorgeous apartment and the interior is very Ye, it’s a unique spot which is an architect’s dream.”
Unfortunately, though, the new rental property means that Kanye West’s custom Malibu home — which he purchased in 2021 for $57million — continues to sit abandoned and rotting away.
On Tuesday (May 27), it was revealed that Kanye’s Yeezy Construction Inc., which he founded last August, while in Wyoming, was quietly dissolved in November.
As reported by The Sun, Yeezy halted the project, removing contractors from the site. Now the Japanese-inspired property, according to an insider, has been completely gutted mid-renovation.
The trendy home was designed by celebrated architect Tadao Ando, the Japanese architect behind the Carters’ new record-breaking mansion, which Beyoncé and JAY-Z purchased last month for a gobsmacking $200million, making it the most expensive home sale in California history, and the second-most expensive home sale in United States history.
West’s property was supposedly meant to be “part house, part sculpture.” But as of today, all that remains is the concrete shell and rusting balconies, while utility pipes have been left abandoned underneath the property alongside the beach.
It seems that Kanye’s financial and business woes keep piling up these days. Recently, he was hit with a $2million lawsuit by his former partner, Gap Inc., over an alleged breach of contract.
According to Radar Online, Gap was sued by a commercial company Art City Center in October 2022 because of alleged changes made to a downtown Los Angeles building by Ye, who was utilizing the space for his Yeezy clothing line while at Gap. Gap began a lease with Art City Center in April 2021 and the lease ended in March 2022.
Per court documents, Gap said they would pay $104,666,67 per month for rent and $8,333 for parking. However, the agreement stated that they could not make any changes to the space without prior approval. However, “numerous, significant, unapproved modifications” were allegedly made to the building.
So far, Gap has denied all wrongdoing but they believe Kanye should pay the $2million since he allegedly caused the damages.