Ritz-Carlton Paradise Valley
Views: 195,434 Subscribe

Source: https://www.facebook.com/theritzcarltonresidencesparadisevalley/videos/the-palmeraie-an-experience-like-no-other/2175975666069082/

Source: https://www.facebook.com/theritzcarltonresidencesparadisevalley/videos/december-2023-construction-update/361894613118486/

The Ritz-Carlton Paradise Valley, part of a long-awaited $2 billion development that also will include Fendi-branded private homes and high-end retail and restaurants, is expected to open by the end of the year.
Five Star Development, the developer of the Palmeraie, a 122-acre project, secured a $585 million loan to complete construction. The loan, originated by Madison Realty Capital, is the final financing needed for the development, the developer announced Friday.

The project is about 80% built based on total acreage, a spokesperson for the developer said.

The development will include 80 single-story for-sale villas, which are fully sold, and 32 Ritz-Carlton branded “estate homes,” half of which are already sold.

A sales campaign will begin this fall for 52 luxury for-sale residences that are branded by Fendi, the Italian luxury fashion house. Those homes have not yet gone up for sale, a project spokesperson said.

Source: https://www.azcentral.com/story/news/local/scottsdale/2023/05/13/2b-paradise-valley-ritz-carlton-fendi-development-gets-financing/70213993007/

Source: https://www.facebook.com/theritzcarltonresidencesparadisevalley/photos/a.439347379787373/2203153546740072/