Paradise Valley seals the deal for Ritz-Carlton resort community

Lanyards like these were donned by supporters over the last several weeks during Paradise Valley public hearings on the now approved Ritz-Carlton resort community within town limits. (Independent Newsmedia/Terrance Thornton)

Lanyards like these were donned by Five Star Development supporters over the last several weeks during Paradise Valley public hearings on the now approved Ritz-Carlton resort community within town limits. (Independent Newsmedia/Terrance Thornton)

The Town of Paradise Valley is getting its Ritz-Carlton resort community on a 105-acre swath of land an arrow’s shot from Scottsdale and Lincoln roads.

Following hours of deliberations — and a possible reconsideration of the Dec. 21 approval of the plans — Paradise Valley Town Council by a 4 to 3 vote Thursday, Jan. 14 approved a development agreement between Five Star Development and the municipality putting the final stamp of approval on the proposed resort community behemoth.

Paradise Valley Mayor Michael Collins and councilmembers Mary Hamway, Maria Syms and Mark Stanton voted in favor of the development agreement while council members Jerry Bien-Willner, Paul Dembow and David Sherf voted against the measure citing issues primarily revolving around density and allowance of free-standing condominiums on the resort property.

The approved development agreement speaks to tax revenues over the next 30 years, phasing of construction ensuring a hotel is built and identification of a luxury resort operator, which in this case is explicitly the Ritz-Carlton, records show.

Paradise Valley Councilwoman Mary Hamway gave a presentation on her motion to reconsider the already-approved special use permit for a Ritz-Carlton resort community within town limits. (Independent Newsmedia/Terrance Thornton)

Paradise Valley Councilwoman Mary Hamway gave a presentation Jan. 14 on her motion to reconsider the already-approved special use permit for a Ritz-Carlton resort community within town limits. (Independent Newsmedia/Terrance Thornton)

Prior to the development agreement vote, however, Councilwoman Hamway made a motion to reconsider the Dec. 21 special-use permit vote, which was also a split decision ending in the affirmative.

Despite her motion to reconsider the vote, Ms. Hamway was one of those who voted against a re-examination of the already approved special-use permit.

The motion to reconsider the approved special-use permit failed with only councilmembers Bien-Willner, Dembow and Sherf voting to re-examine what many consider the largest land-use decision in the Town of Paradise Valley’s history.

That special-use permit entitles Scottsdale-based Five Star Development, through an investment of $130 million, to build a Ritz-Carlton branded resort community that includes seven development-area characteristics:

  • Area A: 200-room resort on 18.1 acres
  • Area A1: 94 resort-branded villas
  • Area B: 66 single-family homes on 31.3 acres
  • Area C: 45 resort-branded, single-family homes on 22.5 acres
  • Area D: 53 townhomes on 8.8 acres
  • Area E1: A 54,000 square-foot luxury retail center on 7.2 acres
  • Area E2: Influx design as the use of 5.7 acres is yet to be determined

Five Star Development, owned by Scottsdale resident Jerry Ayoub, is represented by Jason Morris of Whitey Morris PLC in this matter.

Construction is expected to begin in July 2016 with the resort opening in late 2018.

Northeast Valley Managing Editor Terrance Thornton can be contacted at tthornton@newszap.com

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