Ritz-Carlton Paradise Valley

The Ritz-Carlton Paradise Valley is an upscale resort and residential development currently under construction in Scottsdale, Arizona, with a projected cost of $2 billion. Spanning over 120 acres, the project features a luxury hotel, branded residences, and a commercial district. Groundbreaking occurred in 2018, and the resort is designed to include amenities such as restaurants, a spa, pools, and event spaces. However, the development has faced significant challenges, including legal disputes with its lender, Madison Realty Capital, which have raised concerns about the project's future and the impact on buyers and contractors.