Ritz-Carlton project in Paradise Valley will cost $2B, feature largest pool in North America

After long deliberation, the Ritz-Carlton, Paradise Valley has been approved to be built by Paradise Valley Town Council.

The property, under the management of Scottsdale’s Five Star Development, is set to break ground in spring 2016 and to be finished by 2018.

The project will cost an estimated $2 billion.

The property’s main feature will be the 200-room, 352,000 square-foot Ritz-Carlton hotel.

One of the more notable pieces to the new Ritz-Carlton is the pool that will span more than 400 feet, making it North America’s longest pool.

Other features to the future hotel include:

• 94 single-level villas ranging in size from 1,700 to 3,000 square-feet
• 45 single-family homes from 3,000 to 6,000 square-feet.
• non Ritz-Carlton branded luxury townhomes, a retail component and underground parking as part of the 105-acre project
• a 20,000 square-foot world-class spa with indoor and outdoor treatment areas
• a citrus orchard
• a garden that will have seasonal produce harvested by on-site restaurants

The announcement comes around the same time that the former Ritz-Carlton Phoenix was transformed to The Camby Hotel and the Ritz-Carlton, Dove Mountain in Marana made it on the AAA Five Diamond list.

Source: Phoenix Business Journal