Luxury Resort In Works For North Scottsdale
A “high-end, ultra-luxury resort” is planned for 17 acres in north Scottsdale near Pinnacle Peak Park.
John Wanninger, of the development group JTW PPL, bought the land just southeast of the 150-acre Pinnacle Peak Park at an Arizona Land Department auction last month for nearly $13 million.
The proposed Pinnacle Peak Resort plans are still in the preliminary stages, Wanninger said. However, the resort is expected to be environmentally friendly and feature a spa, according to Wanninger’s publicist, Dave Cieslak.
JTW has acquired a roughly nine-acre parcel immediately east of the land it purchased at auction. The land is home to the Pinnacle Peak Patio Steakhouse. Restaurant owner Harvey McElhanon was made a partner in the resort project last year, and plans include a new incarnation of the steakhouse on the site.
Wanninger is also partnering on developing the $650 million Solis Scottsdale resort north and east of Scottsdale and Camelback roads in downtown Scottsdale. The project, formerly called Waterview, is expected to include 250 hotel rooms in the five-star urban resort, about 140 residences, 15 penthouse single-family homes, retail, restaurant and office space, and a one-acre park.
The developers’ plan to move the Salt River Project electrical substation now sitting on the Solis site to the northeast corner of Indian School Road and 68th Street, a commercial site they bought for about $7 million. The proposal has raised objections from some potential neighbors worried that the substation will harm their businesses and property values.
Story courtesy of the East Valley Tribune.