November 21, 2024 4:50 am
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Iconic Paradise Valley church to be torn down to make way for luxury homes

Photo via Launch Powered by Compass

By Angela Gonzales | Phoenix Business Journal

The iconic Ascension Lutheran Church in Paradise Valley — practically across the street from the sprawling Ritz Carlton project under development — has been sold for $11 million in cash.

The buyers plan to raze the nearly 60-year-old structure to build luxury custom homes on the 5.3-acre parcel, said Jay Mecray, who represented the buyer and who is part of the residential development team. The deal closed on July 24.

Read the full subscription story from the Phoenix Business Journal.

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