By Terrance Thornton for Independent Newsmedia Inc. USA
The trapped value of land where the iconic Mountain Shadows Golf Resort once stood may soon be realized by a joint venture between Westroc Hospitality and the Woodbine Development Corp.
Plans call for construction to begin in summer 2015 on a full-service boutique resort featuring 175 guest rooms in a two-building complex, an adjacent building containing 31 hotel-condominium units, and a corner neighborhood market.
The Mountain Shadows Golf Course will be rehabilitated as part of the project. Developers intend to retain the Mountain Shadows name when the new resort opens in 2017.
Crown officials say details on the plans for the development of the balance of the residential portions will be released over the next several months.
Confirmation of plans
Paradise Valley SUP guidelines require a 100-key resort hotel product be built and operational while residential, to a certain density degree, be built around the new resort.
The formal plan calls for buildings as high as 36 feet associated with only hotel structures on the west side of the property, divided by 56th Street at Lincoln Drive. The maximum height of residential units will be 28 feet. The east side of the proposed development is planned for 40 single-family lots on about 11.5 acres of land.
Officials say the hope is to have the resort operational by the end of 2016.
Crown Realty & Development has also made good on its promise of dedicating $1.6M to allow the Town of Paradise Valley to completely rebuild a rundown stretch of road at 56th Street at Lincoln Drive with construction underway at the soon-to-be resort entryway.
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