The Ritz-Carlton Paradise Valley is a 123-acre, mixed-usedevelopment that will straddle Scottsdale and Paradise Valley nearLincoln Drive and Scottsdale Road. It is being done in a joint venture withChevy Chase, MD-based Ritz-Carlton Hotel Co. LLC and Five StarDevelopment Group Inc. of Scottsdale.

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The residential component, planned for the Paradise Valley side,calls for 161 residences and 225-room Ritz-Carlton resort hotel asthe centerpiece. The Scottsdale land is dedicated to commercialdevelopment. The project is being designed by Peterson Architecture& Associates LLC of Scottsdale. A general contractor hasn'tbeen selected.

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LastApril, Paradise Valley Town Council approved a special-usepermit for the project, but a citizens group--Preserve OurParadise--was unhappy with the residential side and collectedenough signatures to force a public vote in Tuesday's election.Proposition 411 was the first time a Ritz-Carlton development faceda referendum, passing with 4,371 of 6,537 votes.

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Jerry Ayoub, president and CEO for Five Star Development,acknowledges the wait was frustrating because residential salescould not proceed until the vote was held. "We could work on theresidential design," he tells GlobeSt.com. "We got feedback fromour customers during that period so we could tweak the product.It's a better product as a result." Another plus as a result of thewait is construction costs are lower than even a few monthsago.

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Ayoub says he was grateful Proposition 411 ended up on the sameballot as the general election. "That helped the cause because alarge turnout, a higher turnout, ended up being better for us," hesays.

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The high voter turnout also will benefit future developers,Ayoub adds. The citizens group needed just 371 signatures to getthe proposition on the ballot. "Because more people turned out forthis election than normally would, more signatures will be requiredthe next time if another development has to go through thisprocess," he says.

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