$60M in liens against Ritz project

By Wayne Schutsky | Scottsdale Progress

Contractors have filed more than $60 million in claims over unpaid bills for work on The Palmeraie, the $2-billion Ritz-Carlton-anchored development that is scheduled to debut its first phase later this year.

The development, which straddles the Paradise Valley-Scottsdale border north of downtown Scottsdale, covers 122 acres and will include a Ritz-Carlton resort, residential villas, multi-million-dollar homes, retail, dining and office space.

Utah-based Layton Construction, the lead contractor on the project, filed three liens between December and March totaling $46.7 million for non-payment against an entity owned by Palmeraie developer Five Star Development, according to documents filed with the Maricopa County Recorder’s Office.

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