from today's GlobeSt (4/14):
UPDATE Last updated: April 14, 2008 07:55am
Town Council OKs $1.5B Ritz-Carlton Development
By John McCloud
"PARADISE VALLEY, AZ-In a unanimous vote, Paradise Valley Town Council has approved a $1.5-billion hotel and residential development that would be the first luxury master-planned community under the Ritz-Carlton brand. With a final map now being drawn, presales could begin as early as May.
The 123-acre project is being developed by Five Star Development Group Inc. of neighboring Scottsdale, AZ in partnership with Ritz-Carlton Hotel Co. LLC of Chevy Chase, MD." ... "the project will include a 225-room Ritz-Carlton hotel and 160 villas and estate homes as well as 15 one-acre home sites." ...
for the complete story
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