Ritz-Carlton Planned for Paradise Valley

Photo credit: Ritz-Carlton

Paradise Valley's Town Council will take up the matter of voting to approve Five Star Development's plans for a Ritz-Carlton in the town on Monday.

The proposal goes back to 2008, but the recession slowed things down until this year, when the developer brought its plans to the council.

The 105-acre parcel on Lincoln Drive and North Mockingbird would be the Valley's only Ritz-Carlton, if the plans are approved, the Phoenix Business Journal reports. The Paradise Valley Planning Commission has already signed off on the proposal. [PBJ]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Phoenix Newsletters
Related Stories

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Hedge Fund Bids $88M For Spirit Airlines' Former HQ

Oyster Point's Second Phase Half-Leased As Kilroy Navigates Soft Lab Demand

BXP Closes In On Next D.C. Office Development As It Shrinks Assets

Clarion Under Contract To Sell 18-Story Seaport Office Tower

Oil Company Expands Again At Cash Register Building

BXP's 343 Madison Lands $1.2B Loan, Nears Deal With Equity Partner

D.C. Sues To Block HUD Headquarters Move To Virginia

Developer Lands $73M Bridge Loan For Phoenix Build-To-Rent Community

Ken Griffin Completes Takeover Of Brickell Block, Setting Stage For $2.5B Megaproject

Private Equity Firm Buys Former Texas Instruments Campus For New Headquarters

DFW Office Footprints Likely To Shrink As AI Use Increases And Companies Battle For Talent