Real estate sales at Ritz-Carlton residences surpasses $215 million

Five Star Development announced it has exceeded over $215 million in luxury real estate sales within the initial release of The Villas at The Ritz-Carlton Residences, Paradise Valley. In addition, Five Star Development officially began writing contracts for the second release, The Estate Homes, on Monday, May 6. Within The Villas, only a handful of […]

Scottsdale developers push boundaries of Paradise Valley Ritz-Carlton heights

Scottsdale-based Five Star Development officials — those who are building the Ritz-Carlton Paradise Valley Resort Community — deliberated with the town’s Planning Commission once again to discuss a special use permit amendment for a minimal height increase on five of its buildings. The request, officials say, was more of a formality based on interpretation of […]

Write to Reply: Five Star offers response to ‘Home for the holidays’ article

The Town of Paradise Valley Independent ran a story on Nov. 21 titled “Home for the Holidays: Rosen family compromise likely at Azure Paradise Valley” where Five Star Development and The Ritz-Carlton, Paradise Valley were mentioned numerous times. However, the newspaper never sought comment or fact checking from anyone at Five Star to give a […]

Pursued amendments push back Ritz-Carlton Paradise Valley debut

While many have speculated on it and few have been able to provide concrete answers, Five Star Development officials contend the Ritz-Carlton, Paradise Valley resort community will begin to sprout sometime over the next calendar year. The Paradise Valley special-use permit — approved by a 4 to 3 vote in early 2016 — entitles Five […]

Ritz-Carlton Paradise Valley breaks new ground seeking Five Star excellence

On a picturesque February morning in the Town of Paradise Valley, local dignitaries gathered to celebrate Ritz-Carlton Paradise Valley’s site dedication. The event has been years-in-the-making, resort, development and municipal officials all agreed during a Feb. 20 event held on the 122-acre Ritz-Carlton construction site at 7000 Lincoln Drive. Offering an ice sculpture to pour […]

Building a behemoth: the Paradise Valley Ritz-Carlton

Five Star Development gave the Town of Paradise Valley Independent an inside look at the progress being made in the effort to make the Paradise Valley Ritz-Carlton resort community come to life. Scottsdale-based Five Star Development, which was founded by prominent developer Jerry Ayoub, is the entity that is bringing the Paradise Valley Ritz-Carlton development […]

The Paradise Valley Ritz-Carlton continues journey into reality

The final pieces of the Paradise Valley Ritz-Carlton resort community development puzzle are beginning to interlock as Five Star Development has announced its proposed construction timeline for the resort and commercial development behemoth. Meanwhile anchor partner Shea Homes Arizona is seeking zoning amendments for its proposed housing stock while a traffic calming measure along Indian […]

Five Star sells 23-acre swath to Shea Homes in the Town of Paradise Valley

Five Star Development recently sold a 23-acre swath of land to Shea Homes within the Ritz-Carlton community in Paradise Valley. According to a press release, Five Star Development, owner and masterplan developer of the Ritz-Carlton, closed the deal with Shea Homes, which is debuting a new high-end brand called, Shea Signature, for the sale of […]

Paradise Valley seals the deal for Ritz-Carlton resort community

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. […]

Frazee: Ritz-Carlton will make Paradise Valley residents proud

I’d like to take a moment and provide our perspective on what the approval of the new Ritz-Carlton project will mean for Paradise Valley, and what residents will see moving forward. As described below, I also want to invite citizens to get involved with our project. We want and need more input now more than […]

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