2 mega projects in the works in Scottsdale, Ariz.

Five Star Development wants to build a luxury shopping center called The Palmeraie next to the $2 billion Ritz-Carlton resort that is in the planning stages in Scottsdale, Ariz. Construction of the resort should start this summer and be completed in 2018. The retail project will be built in two phases, initially including eight structures with retail, restaurants and second-story office space. Construction could begin later this year on the retail project. Read The Arizona Republic story here