November 22, 2024 9:41 am
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Scottsdale developer launches Paradise Valley Ritz-Carlton bid

Ritz-Carlton Paradise Valley

Ritz-Carlton Paradise ValleyBy Terrance Thornton | Scottsdale Independent

Paradise Valley planning staff are expected to complete their review Thursday, May 21 of a special-use permit amendment pursued by Scottsdale-based Five Star Development Inc. for the creation of a Paradise Valley Ritz-Carlton resort community.

Five Star Development filed a preliminary application for an SUP Thursday, March 12. The permit, if approved, would allow construction of a Ritz-Carlton resort, along with a residential community, on 82 acres of a 105-acre swath of land at about Scottsdale and Lincoln roads.

The project will encompass land governed by both the municipalities of Paradise Valley and Scottsdale.

The final application filed last week comes nearly seven years after the town approved plans for a Paradise Valley Ritz-Carlton project — plans that were never carried out Five Star and municipal officials agree was due to the Great Recession.

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