Resort And Residential Project Planned For Verrado

The Phoenix Business Journal reports that Intrawest Corp. out of Vancouver, Canada, is purchasing 56-acres in Verrado to develop a resort village with up to 900 residential townhomes, golf villas and condominium hotel units.

The resort project will be designed and built over the next 10 years, with work on the first phase starting in 2007 and opening 2008.

The casitas and other residential units will be sold to individual owners. The residences can be used as primary homes, or the owners can place them into a management program in which the residences will be rented when owners are away.

The resort development will also have 40,000 square feet of commercial space for retailers and restaurants, a 35,000 s.f. conference center and a destination spa. More...