By: Terrance Thornton, Scottsdale Independent
A deal has been finalized between Westroc Hospitality, Woodbine Development Corp. and Crown Realty & Development for the creation of a $65 million luxury resort and 18-hole golf course where Mountain Shadows Golf Resort once stood.
The property now under development is at 5517 E. Lincoln Drive in the Town of Paradise Valley.
Crown Realty & Development Senior Vice President of Property Acquisition Rick Carpinelli says the sale of all but 11 acres of property at Mountain Shadows emerged from escrow Feb. 20.
Mountain Shadows Resort Rendering
Mr. Carpinelli says the $10.5 million does not include an 11-acre portion of property, which Crown Realty is retaining for future development.
Plans call for construction to begin this August on a full-service boutique resort featuring 180 guest rooms in a two-building complex, an adjacent building containing 31 hotel–condominium units, and a corner neighborhood market to be coined “Lincoln Market.”
The Mountain Shadows Golf Course, an 18-hole course well-suited for today’s golfers, will be rehabilitated as part of the project. Developers intend to retain the Mountain Shadows name when the new resort opens in December 2016.
Scottsdale-based Westroc owns and operates Hotel Valley Ho and Sanctuary on Camelback, while the Dallas-based Woodbine Corp. is responsible for multi-use development at The Westin Kierland Resort and Spa, among a host of other properties.
Paradise Valley officials have confirmed plans have been submitted and approved for construction to commence this summer.
“We have presented our plans to the town and they are thrilled, and the mayor described the project as being the ‘heart of Paradise Valley,’” Scott Lyon, Westroc Hospitality CEO, said in a Feb. 24 phone interview. “A lot of people would consider this the best resort site in Arizona — the resort row of Lincoln Drive. One of the things we are excited about is really having it tied to the community.”
While the total key count will be about half of the once mighty Mountain Shadows Golf Resort, Mr. Lyon contends the resort will stand out in a market known for its luxurious resorts.
“The original Mountain Shadows was the original Arizona pool scene — it had a lot of energy to it,” he recalled. “We are using that idea as a goal. I would tell you that this will be one of the most distinctive modern desert hotels.”
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