Optima, and JV partner, Principal Real Estate Investors, are nearing completion of 7140 Optima Kierland, a luxury apartment development at Optima Kierland Center in Scottsdale. The 12-story, 213-unit tower is the second apartment at the project.

7140 Optima Kierland will be comprised of one, two and three-bedroom homes. The developer expects initial move-ins to occur in August and is accepting reservations, both in-person as well as virtual leasing appointments.

The first apartment tower, 7160 Optima Kierland, remains 95% occupied and achieved the fastest leasing rate ever in the Valley with 134 move-ins occurring within its first three months of opening in May 2017.

Optima’s David Hovey Jr. says, “With the demand we saw at 7160 Optima Kierland, we believe there is a larger market looking for the design and lifestyle we offer at Optima Kierland Center. We look forward to offering the community another chance to live at Optima Kierland, featuring a distinct combination of space, style and design.”

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On the heels of opening the project’s latest swanky condo tower in July, the Scottsdale developer has just opened an adjacent luxury apartment tower, with some families already moving in. The firm also has locations picked out for two more towers.

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People shopping for new, more spacious single-family houses where they can hunker down during the pandemic may be overlooking places that meet most, if not all, of their needs: town houses and condominiums. The newest breed of town houses and apartments check all the boxes for riding out the virus — and beyond. Indeed, many seem to be designed especially for the pandemic, but often at a more affordable price and in a more walkable location than detached houses in the far-out suburbs.

Yes, these attached homes normally are somewhat smaller than their stand-alone brethren. But today’s plans often include dedicated home offices, separate spaces for home-schooling, and dual master suites — handy for extended families, or if someone must be quarantined.

Some have kitchens with expansive islands for cooking, crafting and gathering, and walk-in pantries for stocking up on essentials. Some even come with finished basements for whatever the need may be — lounges, bonus rooms or play areas for the little ones — and private, fenced-in backyards for safe outdoor activities.

No longer a basic two-bedroom, two-bath cube, some condominiums are evolving, too. Some now even offer multiple floors. Let’s look again at Chicago, where the CA6 West Loop project by the Belgravia Group offers four-bedroom duplexes. These two-story units feature dedicated office spaces, flex rooms to accommodate multiple uses, and outsized 700-square-foot private terraces that can hold a trampoline or an inflatable pool.

These units range in size from 3,100 to 3,157 square feet with four bedrooms, 3.5 baths and a backyard. But starting at $1.65 million, the prices here are not for the typical buyer.

Prices are somewhat more modest at 7180 Optima Kierland, a new 12-story tower in Scottsdale, Arizona: The tower’s one-, two- and three-bedroom apartments, as well as penthouses, start at $500,000 and run up to more than $2 million. The median resale price in the Phoenix area was $315,000 in July.

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Housing developments are reaching new heights, yet not exactly in the literal sense. Driven by creativity, ingenuity and a passion for nature, Optima, Inc. is pushing the limits of innovation in the architectural design industry with their one-of-a-kind environmental living spaces.

Founded by David Hovey Sr. and his wife Eileen Hovey in 1978, what began as a collegiate business model quickly morphed into a continually evolving company that has now constructed 45 developments across its Illinois and Arizona markets.

“We aim to bring a visionary and enduring approach to each one of our communities and design each development to be customized to its location,” says Hovey Jr., CEO of Optima Inc. “With our design-driven lens, we believe that beautiful and innovative spaces create a sophisticated living experience.”

During his time at the Illinois Institute of Technology, Hovey Sr. envisioned a modular housing system that connected the natural environment with a man-made environment. Under the guidance of his mentor and professor Arthur Takeuchi, the two perfected an architectural design that integrates sustainable living with biophilia.

Expanding into the Arizona market in 2000 created bountiful opportunities for the future of Optima, Inc. Explosive job growth, warm weather, population density and striking natural surroundings enticed David and Eileen Hovey to make their move into the Sonoran Desert, where their transformative buildings would thrive.

To most, the desert climate may seem like a bigger challenge, yet that’s precisely what Optima, Inc. is seeking. With a collaborative, communicative and visionary team, the company aims to take risks and encourage fresh, new ideas that advance modern living.

“As part of a common purpose, our team recognizes the power of sharing knowledge across our team and gives us all the satisfaction of achieving success together,” Hovey Jr. says.

Equipped with a reliable and resilient team of experienced individuals, Optima, Inc. is on an upward climb that seems unstoppable. Within the Arizona market alone, the company has erected property sites across Phoenix, Biltmore, Old Town Scottsdale, Kierland, North Scottsdale, Mesa and Tempe, including the most recent luxury green-building design, 7180 Optima Kierland.

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A joint venture between Optima and Principal Real Estate Investors has completed a second apartment tower at Optima Kierland Center in North Scottsdale, Ariz.

The building at 7140 Optima Kierland follows the 10-story, 150-unit 7160 Optima Kierland, which upon opening its doors in May 2017 established the Valley of the Sun’s briskest leasing rate in history, attracting 134 move-ins within three months. That tower has remained more than 95 percent occupied in the three-plus years since.

The construction of the 12-story tower at 7140 Optima Kierland is ongoing. The building is topped off, windows have been set in place and power has been turned on. First move-ins are slated for August. In total, 7140 Optima Kierland will feature 213 one-, two- and three-bedroom residences extending in size from 737 to 2,225 square feet and featuring rental rates beginning at $2,160 per month. Each residence will offer floor-to-ceiling glass walls, luxury plank flooring, solar shades and large outdoor terraces created for indoor and outdoor living. A rooftop “Skydeck” featuring a pool, sauna, fitness center and full-court indoor basketball court is among the property’s leading common-area amenities.

Residents of 7140 Optima Kierland will also be able to utilize Optimized Service, a seven-days-a-week, in-home concierge program provided by Optima’s on-site team. Among the services offered are dry cleaning pickup and delivery, in-home plant watering and package delivery to the home’s interior within 24 hours of the package arriving at the community.

A virtual concierge service also furnishes residents with help in booking reservations and appointments, and coordinating travel and similar tasks. In addition, residents benefit from Smart Home technology that automates a number of in-home features. Optima is offering prospective renters both in-person appointments and virtual leasing experiences.

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Right on time to meet the recent increase in demand for elevated apartment living in the greater Phoenix-metro area, real estate development firm Optima announced today the opening of the luxury apartment tower 7140 Optima Kierland in North Scottsdale, with immediate move-ins available and the leasing gallery and model residences accessible for private tours.

As the second apartment tower located within Optima Kierland Apartments, 7140 Optima Kierland has already achieved 40 percent leased which outpaces the rental market by nearly double. Comprised of 213 thoughtfully designed, one-, two-, three-bedroom and penthouse residences ranging in size from 737 to 2,225 square feet, monthly rents start from $2,220. The first apartment tower, 7160 Optima Kierland, achieved the fastest leasing rate ever in the Valley in its debut in 2017 and has maintained 95 percent occupancy ever since.

“There is a major trend at play with renters looking to downsize from their single-family homes in favor of the luxury and convenience of the Optima lifestyle, many of whom have relocated from out of state or are considering doing so,” said David Hovey Jr., AIA, president and principal architect of Optima. “With the debut of 7140 Optima Kierland, we’re excited to be able to offer prospective residents a chance to enjoy the community’s unmatched location, services and amenities, and to be able to meet the demand for large, well-appointed apartment homes in the Valley.”

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Multifamily project of the year

7180 Optima Kierland

Optima Kierland presides over a lushly landscaped oasis, offering acres of verdant courtyards, a sparkling water feature at its base and a spectacular rooftop Sky Deck at its apex. Spacious private terraces accentuate the tower’s distinctive architecture on all sides, replete with the newest evolution of the signature Optima vertical landscape system. Between the dramatic backdrop of the desert mountains just beyond the doors and the vibrant plant life providing natural privacy, the boundary between indoors and out is blissfully blurred.

Owner: Optima

Developer: Optima

General Contractor: Optima

Architect: Optima

Brokerage Firm: Optima Realty

Value: $500 million

Size: 2.8 million SF

Location: 7180 E. Kierland Blvd., Scottsdale

Start/Completion: 2018/Aug. 2020

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After selling out the condo tower at 7180 Optima Kierland, Optima has now broken ground on the 216-unit apartment tower at 7190 Optima Kierland. This represents the fifth and final residential tower at the Optima Kierland development. 

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PHOENIX — Luxury real estate firm Optima announced Wednesday the grand opening of 7190 Optima Kierland in North Scottsdale.

The building is the fifth and final tower within the Optima Kierland development, according to a press release.

The 10-story tower has 216 residences including, studio, one, two, three-bedroom and penthouse apartments.  The apartments range from $2,600 to over $11,000 per month with 30% of units in the building already leased, the press release stated.

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