Having major experience in selling multiple dozens of luxury condominiums and penthouses, we know how much work goes into building multi-billion-dollar, master-planned developments. Endeavors such as the Ritz-Carlton, Paradise Valley take years to build. They can see delays, changes in plans, and much more. Also, in the past-pandemic world, we’re dealing with supply chain issues, inflation, and a real estate market correction. Seeing the resort take shape is a joy to watch. As real estate agents who sold villas and estates in this project, we go by the site often. Things look good.
As the first true ‘Luxury Fashion Condo’ project in Arizona, the FENDI Private Residences are still a go. As for the timing of when they’ll start taking interest list deposits? As of yet, that’s not set in stone. With so many people asking us about when they can buy a FENDI luxury condo, we wanted to be clear that there’s no official date.
We hope they break the units into smaller sizes (rather than the proposed 41 large units and penthouses). This would give more people opportunity to purchase into a building that could become the most expensive real estate in AZ. Lastly, we hope sales get delayed until late 2023 or early 2024. While there’s already MAJOR interest from global power players, it’s probably best we all remember that all good things come to those who wait.
Encompassing over 100 acres of prime land bordering Scottsdale and PV, The Ritz-Carlton, Paradise Valley is set to take the valley to the next level. Developers Ritz-Carlton and Five Star Development Resort Communities have come together to bring us a resort like we’ve never seen. In addition to a 200-room hotel, the developer is offering villas as well as estates for sale. The FENDI Private Residences will be located in The Palmeraie section of the resort. The Palmeraie will be the place of all places to dine, shop, and mingle.