Neighbors of the proposed 85,000-square-foot home address the media at a press conference Tuesday.  (KTLA-TV / March 22, 2011)

Neighbors of the proposed 85,000-square-foot home address the media at a press conference Tuesday. (KTLA-TV / March 22, 2011)

BENEDICT CANYON (KTLA) -- A Saudi prince tied to a proposed 85,000-square-foot compound being built in the 90210 zip code has stated he will build a smaller home, his lawyer said Thursday.

Benjamin M. Reznik, a lawyer for the Prince Abdulaziz ibn Abdullah ibn Abdulaziz al Saud, informed the Los Angeles Planning Department on Thursday in writing that the Prince was withdrawing his application for the Griffith Park-sized project.

"Our client has taken into consideration concerns raised by neighbors and is in the process of reevaluating aspects of this project," Reznik wrote.

The project, which will be scaled down, is still scheduled to be built on a 5.2 acre lot on Tower Lane. It was purchased for $12 million by a company owned by a member of Prince Abdulaziz ibn Abdullah ibn Abdulaziz al Saud's family.

Mansour Fustok, brother-in-law of King Abdullah and the Prince's uncle, is listed on city planning documents as the president of Tower Lane Properties, which owns the land and had already begun the process of construction on the home when residents hired lawyers of their own.

The decision comes one week before a public hearing was scheduled.

Residents of the wealthy Benedict Canyon suburb were shocked and outraged last month when they learned the royal neighbor was planning to build a mega mansion on their street.

"If they're going to cause all this mayhem around here, I'm totally against it," one neighbor told KTLA.

Residents said the family-oriented neighborhood is not the place for a 42,681-square-foot house with a 27,000-square-foot villa, guest house, staff quarters and a gatehouse.

Many of the homes in the neighborhood are in the 10,000 to 15,000-square-foot range.

The area is well know for famous company living in stately mansions. Neighbors include Jay Leno, David Beckham and Bruce Springsteen.

"They didn't come and reach out to the neighbors," neighbor Martha Karsh said.

"We feel like we've all been hoodwinked," another neighbor said.