Ritz-Carlton Branded Project Receives Local Approvals
- Feb 12, 2016
Phoenix – Local authorities have recently given the green light for the development The Ritz-Carlton, Paradise Valley. Scottsdale-based Five Star Development is the project owner, which at this time also includes a luxury townhome component, retail space, and underground parking.
Estimated to total about $2 billion, the master-planned community is located on the west side of Scottsdale Road between Lincoln Drive and Indian Bend Road. Now that the Paradise Valley Town Council’s approval is in place, Five Star aims to break ground on the project this spring, with completion slated for 2018.
Part of a project that’s set to take up 105 acres, the new Ritz-Carlton resort would offer a 200-key hotel, as well as the longest pool in the country with a length of around 400 feet. The 320,000-square-foot will also offer guests a 20,000-square-foot spa with indoor and outdoor treatment areas, a citrus orchard, garden that will provide the restaurants with fresh produce, as well as a grand lawn. Roughly 40 percent of the property’s rooms are suites.
The hotel will be surrounded by 94 single-level villas that will range in size between 1,700 and 3,000 square feet, while 45 single-family homes of up to 6,000 square feet will also be part of the residential offering near the resort. The residences will be Ritz-Carlton branded offering residents a range of amenities including in-residence dining, housekeeping, and dedicated concierge service.
Rendering courtesy of Five Star Development