“The Good Life Is About To Get Better” by Portfolio Magazine

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New Ritz-Carlton Residences of Paradise Valley in High-Demand, with Buyers Falling in Line

Portfolio Mag Ritz Article
By Walt Danley
President & CEO, Walt Danley Realty

The Ritz-Carlton, Paradise Valley has been approved by the Paradise Valley Town Council to commence one of the most exciting master-planned luxury residential developments the Valley has seen in close to a decade. The project has yet to break ground in the late spring of 2016, and the line of interested buyers is already forming. Walt Danley Realty is proud to announce our preferred partnership with the Ritz-Carlton team, allowing our realtors to connect select clients with exclusive up-to-the-second information regarding the availability, price, and location of these sophisticated and highly sought-after homes.


Residents fortunate to live in the Ritz-Carlton, Paradise Valley will receive priority access to accommodations and amenities available in the 200-room, 352,000 square-foot Ritz-Carlton Hotel. In addition, they will enjoy premier features spread out over 20 acres including North America’s longest pool at just over 400 feet, a 20,000 square-foot world-class spa, a state-of-the-art health and fitness center, indoor and outdoor meeting and event spaces, a citrus orchard and garden that will have seasonal produce harvested by on-site restaurants, lush walking paths, and a grand lawn with stunning views of iconic Camelback Mountain. Also in the final planning stages are hotel shops, underground parking, and an adjoining mixed-use complex, The Palmeraie, featuring high-end retail and chef-driven restaurants.


According to Five Star Development who is developing the Ritz-Carlton Residences, the project will be an economic game-changer for Paradise Valley. Construction tax revenues alone are anticipated to be more than $10 million with bed tax, shared revenue, resort tax and sales tax revenue expected to amount to tens of millions of dollars from 2017 to 2024. When valued with the land, construction and sales, the project is estimated at a total value of approximately $2 billion, producing several million dollars a year in revenue for the Town of Paradise Valley on an ongoing basis.


With so much excitement and anticipation in the air regarding the significance, value, and limited availability of these exclusive properties, a priority interest list for the Ritz-Carlton Residences is currently in development. The best way to guarantee your place at the head of this long line of potential buyers is to register your interest by contacting us at Walt Danley Realty. Our expert team of talented real estate specialists is in the best position to guide you through the exhilarating process of discovering your perfect home within the gates of the illustrious Ritz-Carlton community.


For more information, visit www.waltdanley.com
*As Featured in Portfolio Magazine published by Walt Danley Realty.