Sunday, August 2, 2015

Boutique hotel, luxury homes replace PV blight

For more than a decade, the shuttered Mountain Shadows resort at the foot of Camelback Mountain was the Valley's own "paradise lost," a once-flourishing Eden fallen into development purgatory.

The opulence that made Paradise Valley's Mountain Shadows a premium destination upon opening in 1959 gave way to years of blight after Host Marriott closed the resort in 2004. Boarded-up buildings became public eyesores, left to rot on some of the Valley's most-coveted real estate.

Read more... http://www.azcentral.com/story/news/local/scottsdale/2015/07/30/arizona-camelback-mountain-boutique-hotel-luxury-homes-replace-pv-blight/30897021/

Reuters: Financial Services and Real Estate

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