Ritz-Carlton Is Planning A $400 Million Resort...

Ritz-Carlton plans PV hotel, from the Arizona Republic, reports that Ritz-Carlton is planning a $400 million resort that would include 321 homes, villas and condos built around a hotel and its 225 casitas. The development would go on 120-acres bounded by Lincoln Drive, Indian Bend Road, Mockingbird Lane and Scottsdale Road. They hope to open the resort by 2009. Twenty-seven residential lots of at least one-acre, priced at nearly $1 million each, would border the western edge of the property along Mockingbird Lane. Fifty-five homes on half-acre lots are planned north of Lincoln Drive, and 119 villas would be built along Indian Bend Road. Paradise Valley officials still need to review the proposed development plan and expect to decide on the plan by the first quarter of 2007. Ritz-Carlton plans to formally submit its plans to Paradise Valley and Scottsdale later this summer.



http://www.azcentral.com/php-bin/clicktrack/print.php?referer=http://www.azcentral.com/community/scottsdale/articles/0622sr-ritz0622Z8.html