Under Construction

The Ritz-Carlton Residences, Paradise Valley

The Ritz-Carlton Residences anchor The Palmeraie, a roughly two-billion-dollar, 100-plus-acre luxury enclave at the foot of Camelback and Mummy Mountains where Scottsdale meets Paradise Valley.

Official Website
TMW IntelligenceVerified Oct 11, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open
~2027
Completion
215
Keys
136
Units
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Details

7000 East Lincoln Drive, Paradise Valley. 136 residences and 215 hotel keys. Targeting 2027. Financed with $585M in November 2025.

The story so far
Announced 2025 est.
Resident move-in 2025Villas at The Ritz-Carlton Residences began closing and residents moved in (20+ of 80 Villas closed by April 2025; 37 closed as of mid-2026).
williamsluxuryhomes.com
Developer files Chapter 11 Nov 4, 2025Five Star Development entities seek bankruptcy protection to halt a Madison Realty Capital foreclosure over a $585M construction loan on The Palmeraie; court later cleared villa sales to proceed and approved up to $32M in DIP financing
yourvalley.net
Financing secured Feb 2026Bankruptcy court approved $32M in debtor-in-possession financing for Five Star Development, with ~$24.6M earmarked for Villa construction amid Chapter 11 restructuring.
therealdeal.com
Under construction Jul 20, 2026 est.Developer Five Star Development's Nov 2025 Chapter 11 filing paused the hotel/resort construction and pushed its opening beyond the ~6-7 month "coming-soon" window (now tracking toward 2027 per court financing/press coverage). "Coming-soon" was over-stated for the resort; correcting to "construction" — the Villas residential component is separately substantially built and occupying (see move-in milestone).
prnewswire.com
Expected opening 2027 est.
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About the project

The Ritz-Carlton Residences anchor The Palmeraie, a roughly two-billion-dollar, 100-plus-acre luxury enclave at the foot of Camelback and Mummy Mountains where Scottsdale meets Paradise Valley. The branded residential collection pairs 91 single-level villas across low-rise buildings with 45 custom estate homes, all serviced by the adjoining Ritz-Carlton resort and threaded through resort pools, a spa, and dining. A designer retail and restaurant promenade — including a separate collection of Fendi-branded residences — frames the walkable core. Estate homes stretch beyond 12,000 square feet, setting a new high-water mark for branded desert living in Greater Phoenix.

Developer & design
Common questions

Frequently asked

Where is The Ritz-Carlton Residences, Paradise Valley located?

The Ritz-Carlton Residences, Paradise Valley is located in Paradise Valley.

When will The Ritz-Carlton Residences, Paradise Valley be completed?

The Ritz-Carlton Residences, Paradise Valley is under construction, with completion expected in 2027 (a TMW estimate).

Who is developing The Ritz-Carlton Residences, Paradise Valley?

Five Star Development is the developer behind The Ritz-Carlton Residences, Paradise Valley.

Who designed The Ritz-Carlton Residences, Paradise Valley?

The Ritz-Carlton Residences, Paradise Valley was designed by Drewett Works.

How big is The Ritz-Carlton Residences, Paradise Valley?

The Ritz-Carlton Residences, Paradise Valley features 136 residences and 215 hotel keys.