Mountain Shadows Resort owner will sell property to JDM Partners

The owner of the shuttered Mountain Shadows resort in Paradise Valley has agreed to sell the property to a well-known local development company co-owned by Jerry Colangelo, town officials said. California-based Crown Realty & Development Inc. has entered a purchase agreement for the sale of the resort to JDM Partners LLC. The high-profile developer's projects include Chase Field, US Airways Center and Comerica Theatre. A recent project was the renovation of the Wigwam resort in Litchfield Park. The resort at Mountain Shadows, 56th Street and Lincoln Drive, on the northeastern side of Camelback Mountain, closed in September of 2004. Tom O'Malley, chief operating officer for JDM Partners, said the group is looking forward to restoring Mountain Shadows' reputation as a top destination. "We have the same interests with Mountain Shadows as we do with the Wigwam,'' he said. "There are certain properties in Arizona that are iconic, and Mountain Shadows and the Wigwam are two of them. We want to bring those properties back to their prominence.'' Paradise Valley Mayor Scott LeMarr said the agreement will bring in a company with a proven track record.

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