November 21, 2024 5:37 am
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Construction paused on $2B Paradise Valley MPC

Rendering of the residence owners private clubhouse pool at the Ritz-Carlton Paradise Valley. Via Five Star Development

By Angela Gonzales | Phoenix Business Journal

Rendering of the residence owners private clubhouse pool at the Ritz-Carlton Paradise Valley. Homeowners of luxury estates at The Palmeraie in Paradise Valley are frustrated with the stop-and-go construction pace of their new homes.

Construction is again on pause for the $2 billion, 122-acre luxury master-planned community — which includes the Ritz-Carlton Paradise Valley resort — because Five Star Development is entering the final phase of financing for the project.

Read the full subscription story from the Phoenix Business Journal.

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