The owners of Cottonwoods Resort in Paradise Valley are looking to improve the property, with the possibility of offering services typically available at assisted-living facilities.
Lynne Lagarde, a zoning attorney representing Cottonwoods, said the resort ownership plans to refurbish the existing 150 casitas located on about 17 acres adjacent to the Borgata, near Scottsdale Road and Lincoln Drive.
This would include reconfiguring the main part of the resort to make parking more accessible, upgrading the pool and open-space areas, as well as adding amenities to enhance the resort's attractiveness.
Lagarde also said the resort owners, WSRH Scottsdale Cottonwoods LLC and WSRH Scottsdale Land LLC, are looking at the possibility of developing the southwestern five acres for potential assisted-living facilities.
The area had previously been used as the manager's residence.
Representatives of the owners submitted an application for a major General Plan amendment to change that parcel's land-use designation from low-density residential to resort/country club, Aug. 1.
Officials say they will submit an amended special-use permit to the town this week.
Lagarde said the General Plan amendment could incorporate the five acres to build housing choices for those in the town's aging population whose housing needs have changed, but wish to stay in their community.
The parcel also could be used for single-owner resort housing or resort/rental units.
Adding some sort of senior-living component to the resort is a real possibility, she said.
"The community seems to be open to that concept, but we're still determining the need," she said. "We think it's a great idea, and something that PV is an appropriate place for. But it's not definitive -- the first thing is to renovate the main part of the resort."
Vice Mayor Michael Collins said senior-living opportunities for town residents was a topic of serious discussion during last year's General Plan update process.
He said getting a redevelopment plan for Cottonwoods that is sensitive to the residential context of adjacent neighborhoods and provides a service to the town's aging resident population can be a benefit to Paradise Valley.
"Add to that a long-term revenue source to help resolve the town's existing long-term structural budget deficit, it would be win-win-win for our community," Collins said.
The General Plan and permit amendments could feature a one-story buffer on the perimeter of the southern 10 acres of the property, with two-story elements on the east, as well as the potential for three-story resort/residential building behind the Borgata, Lagarde said.
"My clients are thinking about a buffer between our low-scale resort and the commercially-zoned Borgata," she said. "They don't know what might happen with the Borgata and can't count on it staying the way that it is."
The major General Plan amendment must be approved by December, which would allow for a summer 2014 start time, Lagarde said.
by Philip Haldiman - Sept. 6, 2012 The Republic | azcentral.com
Cottonwoods considers adding assisted living
Reuters: Business News
National Commercial Real Estate News From CoStar Group
Latest stock market news from Wall Street - CNNMoney.com
- ► 2017 (81)
- ► 2016 (145)
- ► 2015 (146)
- ► 2014 (102)
- ► 2013 (395)
- Last days of the Borgata
- LifeLock reveals finances pre-IPO
- Home prices rose in July in 20 major US cities
- Radar Logic: Home Prices Hit Peak in July, Distres...
- 34,000 in Ariz. get mortgage aid
- Phoenix-based Vestar buys Calif. retail center for...
- Phoenix-area rental homes a red-hot commodity
- Home-related sales through the roof
- New US home sales edged down 0.3% in August
- Attorney General sets 3-year foreclosure plan for ...
- Top 10 things to know about Social Security
- Understanding Social Security benefits
- Maricopa County homeowners likely to see property-...
- Reagor: Building of homes slows a bit
- At 40, McCormick Ranch still desirable place to li...
- Fountain Hills mulls giving new life to avenue
- Peoria entertainment/hotel plan closer to reality
- Residential lot coverage debated in Arcadia
- Arizonans may not feel closure of local banks
- Proposed Scottsdale condo plan gains height, densi...
- Luxury retirement facility's sales rise
- Audit: Maricopa County housing-agency woes continu...
- Foreclosure starts fell on annual basis in August ...
- Housing prices up in most NE Valley communities
- Housing key part of SkySong's 'secret sauce'
- Valley in top 10 in US for foreign investors
- New tax on home sales is overblown rumor
- Home construction on uptick in Scottsdale
- Building set for approval - USATODAY.com
- Furnishings firm takes over ex-nightclub site
- The market: Views from the trenches
- City closer to Waterfront apartment-plan OK
- Scottsdale council approves permits for downtown b...
- Metro Phoenix a seller's (and landlord's) market
- Scottsdale home prices up 9.26 percent over a year...
- Valley bankruptcies keep plummeting
- IRS pays Swiss ex-banker, whistleblower $104 milli...
- Baby Boomers have many options for retirement plan...
- Proposed condo plan gains height, density
- Cottonwoods considers adding assisted living
- Scottsdale council approves contentious Echo at Wi...
- Phoenix-area home-price dip called a 'natural reac...
- City Planning Commission draws criticism
- US Home Prices Rise in July by Most in 6 Years - D...
- 2 large Phoenix warehouses being built
- City expands affordable housing - USATODAY.com
- Entertainment hub progresses - USATODAY.com
- City hopes Chandler site will be revitalized - USA...
- PV commission member resigns over resort redevelop...
- Top 5 lenders: $500M spent in Ariz. - USATODAY.com...
- 6,900 Scottsdale apartments in pipeline
- Home prices notch first 12-month gain since 2010 -...
- Advice for Arizonans on brink of foreclosure
- New-home sales rise to match 2-year high - CBS New...
- Beach-club complex votes on permits, licenses are ...
- US home sales rose 2.3 percent, sign of recovery
- Toll Brothers Posts Strong Growth - WSJ.com
- A challenge to finish preserve - USATODAY.com
- Valley agent did well by focusing on SHORT SALES -...
- New Mountain Shadows resort plan consolidates buil...
- ARMLS buys researcher
- Mesa senior-living complex will be based on Tempe ...
- Home prices up in 5 areas - USATODAY.com
- Newest numbers don't cast 'shadow'
- Run-up in home prices slows - USATODAY.com
- Fannie Mae posts $2.2B net gain for Q2 - Yahoo! Fi...
- Land purchase for theater expected to finalized so...
- ASU's SkySong will add residential space
- Reagor: New-home market projections promising
- 6 Phoenix-area apartment communities sold
- Fannie and Freddie principal cuts barred - USATODA...
- Phoenix expedites building process
- Plan for luxury homes at resort stirs controversy
- Mystery bidder gets 275 homes - USATODAY.com
- Meritage earnings rise - USATODAY.com
- Mesa minister gets maximum sentence in fraud
- Split up banks, says builder of Citigroup - USATOD...
- New home sales fall to 5-month low in June – USATO...
- GOP rips Geithner about LIBOR - USATODAY.com
- Historic homes at risk after they're foreclosed
- 100 more lots sold in project - USATODAY.com
- 4333 Building plan still viable, extension sought
- Census estimates: Phoenix remains sixth-largest ci...
- SIGNS OF HEALTH - USATODAY.com
- Subdivision is proposed - USATODAY.com
- Reagor: Home-listing group game for some fun
- After 6 years, Scottsdale is settling state-land c...
- Foreclosure Crisis Hits Older Americans Hard - US ...
- Government program to help avoid foreclosure
- Property-tax bills may rise in Paradise Valley sch...
- Construction, housing sectors face challenges
- ▼ September (91)
- ► 2011 (704)