{"id":553,"date":"2010-10-19T17:07:00","date_gmt":"2010-10-19T22:07:00","guid":{"rendered":"http:\/\/golfcoursebusiness.com\/?p=553"},"modified":"2010-10-19T17:07:00","modified_gmt":"2010-10-19T22:07:00","slug":"google-pioneer-buys-into-dove-mountain-ritz-carlton","status":"publish","type":"post","link":"https:\/\/theaposition.com\/golfcoursebusiness\/real-estate\/553\/google-pioneer-buys-into-dove-mountain-ritz-carlton","title":{"rendered":"Google Pioneer Buys into Dove Mountain Ritz-Carlton"},"content":{"rendered":"

\"\"<\/a>(Marana, Ariz.) \u2014 An investment by Google pioneer Ray Sidney in The Residences at The Ritz-Carlton, Dove Mountain \u00a0has eliminated all community debt associated with the project, creating lower cost opportunities for luxury home buyers interested in purchasing Dove Mountain\u2019s luxurious homes or custom estate homesites.\u00a0<\/p>\n

\u00a0David Mehl of Cottonwood Properties, Inc., developed Dove Mountain that\u2019s nestled in the foothills of the Tortolita Mountains here near Tucson. The homesites are placed strategically along the 27-hole Jack Nicklaus Signature Golf Course and near The Ritz-Carlton, Dove Mountain luxury resort hotel.<\/p>\n

\u00a0\u201cTo have the community debt-free, with all amenities completed and operating, is rare given these economic times,\u201d \u00a0Mehl said. \u201cBy responding to the financial environment with a new capital structure, we are able to re-price our homes and homesites at about $400 per square foot. This is in line with today\u2019s \u2018new normal\u2019 providing an unparalleled Ritz-Carlton lifestyle at an irresistible value to buyers.\u201d<\/p>\n

\u00a0Sidney\u2019s investment in The Residences at The Ritz-Carlton, Dove Mountain fits with his personal mission to invest in and develop sustainable real estate projects.\u00a0 A Harvard graduate with a Ph.D. from MIT, Sidney joined Google in 1999 as a software engineer, becoming the company\u2019s third employee. He left in 2003 and has since been involved in a variety of philanthropic enterprises focused on the environment and education.\u00a0<\/p>\n

\u00a0\u201cDavid Mehl has an amazing track record as a successful luxury community home developer. Just look at what he and Jack Nicklaus did at the Westin La Paloma,\u201d Sidney says. \u201cThe Residences offers a great opportunity for us to create responsible and sustainable luxury living, something I\u2019m passionate about.\u201d<\/p>\n

\u00a0Already underway, the initial residential phase of The Residences at The Ritz-Carlton, Dove Mountain will have 110 highly-personalized homes featuring the finest in design and finishes, together with 16 custom estate homesites.\u00a0 New prices for the Amolillo single family homes start at $1.1 million; seven Saguaros single family homes start at $1.5 million; and custom fairway homesites start at $590,000; villas start at $925,000; and Rockpoint Ridge custom homesites start at $605,000.<\/p>\n

\u00a0Property owners and Golf Club members will enjoy the wide array of amenities and impeccable service all managed by The Ritz-Carlton.\u00a0 The community features miles of world-class hiking trails, unparalleled access to The Ritz-Carlton\u2019s new 250-room resort and spa, and dedicated \u201cmembers-only\u201d access to the 27-hole Jack Nicklaus Signature Golf Course and the facilities of The Ritz-Carlton Golf Club.<\/p>\n

\u00a0In 2011, and for the third year in a row, The Residences will play host to the PGA Tour\u2019s Accenture Match Play Championship, featuring the 64 best golfers in the world. One of Golfweek magazine\u2019s \u201cBest Courses you Can Play 2010,\u201d the property\u2019s Jack Nicklaus Signature Golf Course is among the 848 courses now listed by Audubon International and is a Certified Audubon Cooperative Sanctuary, one of only 15 courses in Arizona to receive the honor.<\/p>\n

\u00a0The Ritz-Carlton community in Marana includes a resort, spa, and golf club featuring Jack Nicklaus Signature Golf in addition to The Residences at The Ritz-Carlton, Dove Mountain. Encompassing 750 acres within the Dove Mountain master-planned community, the new Ritz-Carlton is the ultimate in luxury vacationing as well as luxury living in the high Sonoran Desert. The Ritz-Carlton, Dove Mountain is designed to be a casually elegant yet sophisticated resort, featuring a 17,000 sq. ft. spa, and 250 luxury guest rooms, including 24 individual casita suites. Guests enjoy spectacular views of the Tortolita Mountains and historic petroglyphs carved into mountainsides from 300 BC to 1,400 AD by the Hohokam Indians. The Ritz-Carlton, Dove Mountain also has magnificent views of four other surrounding mountain ranges comprised of the Tucson Mountains, the Santa Catalinas, the Rincons and the Santa Ritas.<\/p>\n

A variety of luxurious meeting spaces includes three ballrooms ranging from 2,100 sq. ft. to 9,000 sq. ft., as well as five individual meeting rooms. Three restaurants, from gourmet to casual, will serve sustainable, regional and organic cuisine with Southwestern influences.<\/p>\n

The Ritz-Carlton Hotel Company, L.L.C., of Chevy Chase, Md., currently operates 72 hotels in the Americas, Europe, Asia, the Middle East, Africa, and the Caribbean. More than 30 hotel and residential projects are under development around the globe with future openings including Dubai International Financial Centre, United Arab Emirates; Dove Mountain, Tucson, Arizona; and Lake Tahoe, California.<\/p>\n\"\"<\/a>\n","protected":false},"excerpt":{"rendered":"

(Marana, Ariz.) \u2014 An investment by Google pioneer Ray Sidney in The Residences at The Ritz-Carlton, Dove Mountain \u00a0has eliminated… Read more »<\/a><\/p>\n","protected":false},"author":10,"featured_media":554,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,215,225,220,17],"tags":[3734,442,3735,3736,432,3737,1006204,1006206,429,430,3733],"class_list":["post-553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","category-private-clubs","category-resort-communities","category-destinations","category-courses-and-travel","tag-cottonwood-properties","tag-westin-la-paloma","tag-google-engineer","tag-ray-sidney","tag-accenture-match-play-championship","tag-ritz-carlton-hotel-company","tag-jack-nicklaus","tag-audubon-international","tag-ritz-carlton","tag-dove-mountain","tag-david-mehl"],"jetpack_featured_media_url":"https:\/\/theaposition.com\/golfcoursebusiness\/wp-content\/uploads\/sites\/8\/2010\/10\/44-Entry.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/theaposition.com\/golfcoursebusiness\/wp-json\/wp\/v2\/posts\/553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theaposition.com\/golfcoursebusiness\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theaposition.com\/golfcoursebusiness\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theaposition.com\/golfcoursebusiness\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/theaposition.com\/golfcoursebusiness\/wp-json\/wp\/v2\/comments?post=553"}],"version-history":[{"count":2,"href":"https:\/\/theaposition.com\/golfcoursebusiness\/wp-json\/wp\/v2\/posts\/553\/revisions"}],"predecessor-version":[{"id":557,"href":"https:\/\/theaposition.com\/golfcoursebusiness\/wp-json\/wp\/v2\/posts\/553\/revisions\/557"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theaposition.com\/golfcoursebusiness\/wp-json\/wp\/v2\/media\/554"}],"wp:attachment":[{"href":"https:\/\/theaposition.com\/golfcoursebusiness\/wp-json\/wp\/v2\/media?parent=553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theaposition.com\/golfcoursebusiness\/wp-json\/wp\/v2\/categories?post=553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theaposition.com\/golfcoursebusiness\/wp-json\/wp\/v2\/tags?post=553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}