RESIDENCES AT RITZ CARLTON
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Residences at Ritz Carlton Highlights
The Ritz-Carlton Hotel Company, and Five Star Development Resort Communities, have signed an agreement for the development of a new resort and residences in Paradise Valley, Arizona. The Ritz-Carlton, Paradise Valley will be the centerpiece of one of the largest new master-planned communities featuring both a resort hotel and residences in close to a decade. The entire 105-acre project includes a 200-room Ritz-Carlton resort surrounded by 91 single-level villas and 45 single-family homes. It is being called the largest undertaking of a new master-planned community to feature a Ritz-Carlton with Residences in close to a decade. The total project value is estimated to be approximately $2 billion.
The Residences are comprised of single-level villas sitting within six buildings, each two or three-stories tall and ranging in size from 1,500 to more than 4,000 square feet. Floor plans offer one- to four-bedroom residences and some include an additional den option. Prices vary from the low $1 million to more than $5 million.
“Ritz-Carlton Residences owners will truly experience a ‘resort within a resort’ as they will have their own junior Olympic sized-pool, private and beautifully landscaped grounds and all of the legendary services of the nearby resort including a dedicated concierge, priority access to hotel accommodations and amenities, along with a host of a la carte services such as in-residence dining and housekeeping,” said Jerry Ayoub, president of Five Star Development, the developer of the property.
The villas’ architecture emphasize clean lines and a comfortable, refined ambiance with its timeless, modern design balancing rich woods and glass. In addition, formal entry foyers, floor-to-ceiling windows and seamless transitions to indoor and outdoor spaces accent the lush, desert setting and views of Camelback Mountain.
Spread out over twenty acres, The Ritz-Carlton, Paradise Valley resort will consist of 200 casita-style guest rooms and 20,000 square feet of function space to host luxury meetings for corporate and incentive clients or as the backdrop to stage weddings and local social functions. The resort, with stunning views of iconic Camelback Mountain will also have a large destination spa with a health and wellness program featuring both an indoor and outdoor desert-inspired treatment menu. A citrus orchard and garden will grow seasonal produce harvested for the on-site restaurants.
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Ritz Carlton Residences are part of the master plan redevelopment of Ritz Carlton Paradise Valley, spanning from Lincoln Road north to Indian Bend Road, and Mockingbird Lane east to Scottsdale Road..
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