Mountain Shadows redevelopment plan might boost home values

When Mountain Shadows Resort closed in 2004, Vernon Parker joked that his son in elementary school would be in college before the Paradise Valley property was redeveloped. His son graduated from Brophy College Preparatory last week and, coincidentally, the latest plan for redevelopment of the 68-acre site surfaced at the same time. "We were clairvoyant," said Parker, a Paradise Valley town councilman. "It was a joke, but the joke turned into reality." Property owner Robert Flaxman, Solage Hotels and Resorts and its sister brand Auberge Resorts have teamed up on a plan to build a hotel with 100 to 289 rooms, a small retail component and a mix of vacation units and single-family homes. The Mountain Shadows 18-hole executive course would be renovated and reconfigured with a new clubhouse. The property was developed in the late 1950s at 56th Street and Lincoln Drive in the northern shadows of Camelback Mountain.

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