Takeaways From The Article Reported By Phoenix Business Journal:
* Construction has been paused to allow a transition during the final phase of financing
* The Ritz-Carlton Villas are almost complete and will be ready for occupancy in spring
* Ritz-Carlton Estate Homes are under construction, with more than half already sold
* The Ritz-Carlton Paradise Valley resort is expected to open by the end of the year
* The shopping and dining portion of the project is currently in the design board review approval process
* In fall, Fendi Private Residences will begin sales for a collection of luxury condos
* The project had been delayed due to litigation with the town of Paradise Valley regarding infrastructure costs, but settled in 2021
* The Covid-19 pandemic also caused construction delays
* Homeowners are frustrated with the construction pace, but the project is progressing towards completion