Gary, Home Buyer in Paradise Valley, AZ

Is the Ritz Carlton Hotel/Resort still going to be built on the land that borders N. Scottsdale Rd. and E. Lincoln Dr. in Paradise Valley?

Asked by Gary, Paradise Valley, AZ Sat Jul 24, 2010

Has construction started on this project or have the plans been canceled?

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Answers

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Jeff Masich’s answer
Dear Gary:

Yes, Ritz Carlton still plans to develop the property along with other partners in a combined hotel, residential and office complex between Lincoln and Indian Bend on Scottsdale Road.

Dates to resume the work have not yet been disclosed. See the Ritz Carlton upcoming locations link: http://www.ritzcarlton.com/en/Properties/ParadiseValley/Defa…

Paradise Valley had some zoning issues to resolve. This plus the economy have delayed the project.

For buyers, this is a good time to buy prices are low and interest rates dropped last week to a 40 year low.

Jeff Masich, Realtor
HomeSmart Scottsdale
Arizona Homes and Land, LLC
http://ArizonaHomesLand.com
0 votes Thank Flag Link Sat Jul 24, 2010
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