Ritz-Carlton Paradise Valley
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Source: https://www.facebook.com/theritzcarltonresidencesparadisevalley/photos

Construction photos from March 2021

As construction on Arizona’s multi-billion-dollar Ritz-Carlton, Paradise Valley continues, we continue LUXE BLOG’s Ritz-Carlton photo update series. On March, 14th 2021, we snapped a few new photos for your enjoyment.

Source: https://williamsluxuryhomes.com/ritz-carlton-paradise-valley-arizona/

It sounds like this isn't going to be an issue for getting the resort completed though which is good news.

Contractors have filed more than $60 million in claims over unpaid bills for work on The Palmeraie, the $2-billion Ritz-Carlton-anchored development that is scheduled to debut its first phase later this year. The development, which straddles the Paradise Valley-Scottsdale border north of downtown Scottsdale, covers 122 acres and will include a Ritz-Carlton resort, residential villas, multi-million-dollar homes, retail, dining and office space.

Utah-based Layton Construction, the lead contractor on the project, filed three liens between December and March totaling $46.7 million for non-payment against an entity owned by Palmeraie developer Five Star Development, according to documents filed with the Maricopa County Recorder’s Office.

Twenty-three subcontractors – which perform services like painting, roofing and HVAC work – have also filed 35 separate mechanic’s liens totaling $17.2 million. According to the liens filed by Layton, the company signed contracts worth up to $259 million in 2016 and 2019 with Five Star Resort Owner LLC to construct the hotel and villas and perform associated site work.

Five Star Development CFO David Humphreys characterized the liens as a normal part of doing business as the developer transitions away from working with Layton to a new general contractor, PWI Construction. “The liens filed from the former contractor are a normal and expected result of that transition process and are in no way indicative of the project being at risk for non-completion,” Humphreys said. “Contractors have been paid and are being paid. If and when there is a dispute, a process would be underway to resolve it.”

Source: https://www.scottsdale.org/city_news/60m-in-liens-against-2b-ritz-project-on-scottsdale-border/article_22869fea-88de-11eb-921b-23b8b4760055.html

Looks like there are some legal issues going on with the developer and some of the construction companies on this project.

Layton Construction and Sprawling Ariz. Ritz-Carlton Developer Part on Bad Terms

Layton Construction Co. says it is owed $13 million and has ended its contract with an Arizona developer for work on the residential component of a sprawling $2-billion Ritz-Carlton resort in Paradise Valley, near Scottsdale and Phoenix.

Dozens of subcontractors on the condominium project, begun in 2018, also have filed liens against the property in Maricopa County, and against its developer, Five Star Resort Owner LLC. Layton's lien states that another $2.3 million is owed separately to subs.

Ritz-Carlton, which is owned by giant Marriott Corp., is a luxury hotel brand that operates at 39 separate locations encompassing 11,833 rooms, according to Marriott's annual financial report. Its properties are developed and operated by franchisees. The Villas, the name given to the residential condominium component of the Arizona development, called the Palmeraie, is nearing completion on the first phase, says Humphreys.

Source: https://www.enr.com/articles/51495-layton-construction-and-sprawling-ariz-ritz-carlton-developer-part-on-bad-terms

Imagine reconnecting with friends and family at your Estate Home, where extravagant living is complete with stunning backyards, perfect pools and outdoor kitchens to make memories in your own private oasis. Go to RCPVLuxury.com to make an appointment with our residence specialists and learn more about the now-selling luxury homes, starting at $6 million.

Source: https://www.facebook.com/theritzcarltonresidencesparadisevalley/photos/1674486506273448

Arizona’s real estate market is among the strongest in the country. We’re proud to add a luxurious flair with The Ritz-Carlton Residences Paradise Valley, The Palmeraie. Now selling The Estate Homes, priced from the $6 millions, these stunning homes range in size from 5,500 to more than 12,000 square feet.

Source: https://www.facebook.com/theritzcarltonresidencesparadisevalley/photos/1663364070719025

Some of the homes are now listed as open for enquiries. The floor plan images are really poor quality but they give a good indication of the size of homes available in the resort.













Source: https://www.luxuryhomes.com/lh/listing/United_States/Arizona/Paradise_Valley/The_Ritz-Carlton_Paradise_Valley_Estate_Home_RC-2

PWI Construction, Inc. has announced it has joined The Ritz-Carlton, Paradise Valley at The Palmeraie as general contractor for the luxury resort’s interior build-out by the project’s owner, Five Star Development.

As the first new Ritz-Carlton to be built in North America in over a decade and the centerpiece of the $2 billion, 122-acre luxury master-planned development of The Palmeraie, The Ritz-Carlton, Paradise Valley is positioned to become a flagship property for The Ritz-Carlton brand.

The Ritz-Carlton Residences, Paradise Valley surrounds the resort offering two enclaves of multi-million-dollar estate homes and serviced residences including The Villas, 81 condominium-style villas priced from $1.6 million, and the estate homes, 32 single-family estate homes with prices starting at $6 million.

PWI Residential, an independent subsidiary of PWI Construction, is serving as the general contractor for The Villas at The Ritz-Carlton, Paradise Valley Residences.

Source: https://yourvalley.net/stories/pwi-construction-joins-the-ritz-carlton-paradise-valley-at-the-palmeraie-team,212075

Not much to see but the concept art we've already seen but a nice interview about the resort and residences being built.

Screenshots from the construction video from Paradise Valley











Full video can be seen here: https://www.facebook.com/439233259798785/videos/225080409243521