Cori and Vic Rosen at Paradise Valley Town Hall, 6401 E. Lincoln Drive, moments before what appears to be a compromise for the family to be home for the holidays in the Town of Paradise Valley. / Terrance Thornton / Paradise Valley Independent
Disclosure: Rose Law Group represents Shea Homes at Azure in Paradise Valley
By Terrance Thornton | Paradise Valley Independent
It appears there is a very good chance the Rosen family will be home for the holidays.
Cori and Vic Rosen purchased what they call their, “dream home” at Azure Paradise Valley, which is the first Shea Signature luxury community in the Town of Paradise Valley.
The only problem: Azure Paradise Valley is apart of the forthcoming Ritz-Carlton resort community and embedded within the development agreement between municipality and developer are certain thresholds meant to ensure a hotel is, in fact, built on the site.
The Paradise Valley special-use permit — approved by a 4 to 3 vote in early 2016 — entitles Scottsdale-based Five Star Development, through an investment of $130 million, to build a Ritz-Carlton-branded resort on more than 100 acres an arrow’s shot from the intersection of Scottsdale Road and Lincoln Drive.
