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/Default.htm
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
Arizona Homes and Land, LLC