“The big new Valley condo projects that opened last year drove up prices. David Newcombe, a condo expert and co-founder of Scottsdale-based Launch Real Estate, said buyers are typically paying 25 percent more for new condos in central locations than for older ones in the same area. He said more 300 of the new-condo sales during the past few years were in three projects: the Borgata, Portland on the Park in downtown Phoenix and Optima Kierland in Scottsdale. The overall median condo price in Paradise Valley’s 85253 ZIP code, the address for the Borgata condos, climbed 48 percent to almost $406,000 in 2017. The median price for a new condo was $1.33 million in that area last year. In downtown Phoenix’s 85003 ZIP code, where Portland on the Park condos started selling in late 2016, the median price for a condo jumped almost 62 percent to $410,000 in 2017. The median price for a new condo was $456,000. The median price in Scottsdale’s 85254 ZIP code, where the Optima Kierland tower is located, is still being tallied, but we know it’s much higher than the resale-condo price of $322,000 for the area. “Some of the most expensive new condos are drawing the most buyers,” said Tina Tamboer, senior housing analyst with the Cromford Report.”

Read the full feature at AZCentral.

“TRIBUTE AWARD FINALISTS

DEVELOPER’S AWARD BEST COMMUNITY DESIGN – MID/LOW RISE

Crescent Highland, Alliance Residential Company
Optima Kierland, Optima Realty
The TomScot, Greystar”

“Already 80-percent sold, the North Scottsdale Kierland community represents the next generation of Optima living, artfully integrating design and sustainability, function and amenities to create a new standard in multifamily design and development. The 12-story condominium tower with 173 residences includes two levels of underground parking. One, two, three- and four-bedroom homes range in size from ~720 to ~4,550 square feet. More than 24 floor plans provide extensive flexibility for customized homes and multi-unit combinations. Optima is known in the Phoenix metropolitan area for its elegant buildings, which create rich textures, shades and shadows; and rooftop gardens and “vertical landscaping,” with plants growing from private terraces scaling building exteriors.”

Read the full feature at AZ Big Media.

“Residents have begun enjoying an unmatched urban lifestyle with a full range of luxury amenities at Optima Kierland’s high-rise condominium tower in North Scottsdale. Optima Kierland — a leader in Phoenix’s fast-growing real estate market — has sold more than 80 percent of its residences at 7120 East Kierland Boulevard.”

Read the full feature at AZ Big Media.

Visit 7120 Optima Kierland for more details.

““I’ve been working with my interior designer for furniture and stuff like that,”‘ Cooper says. “But right now, we’re just sort of in a waiting mode. “We’re going to try to go over there and take a look at the floor space, if we can get up there and have a look at that. But from what we can see just driving by, it’s looking good!” In the past couple of years, the Scottsdale Airpark has been buzzing with cranes and construction equipment as a number of highrise condo and apartment complexes spring up in the few remaining infill areas around the Scottsdale Quarter, Kierland Commons and other high-traffic retail zones. In addition to Optima Kierland, the area now also has The Core Scottsdale, The Plaza Lofts at Kierland Commons, Optima Kierland, Liv North Scottsdale, Crescent Scottsdale Quarter and SOHO Scottsdale, among other residential developments.”

Read the full feature at Scottsdale Airpark News.

“Glencoe, Ill.–based Optima Inc. has reinvested in the Optima Sonoran Village apartment community in Scottsdale, Ariz., through a partnership with Des Moines, Ia.-based Principal Real Estate Investors Inc. The partnership acquired Optima Sonoran Village Phases I and II for $200 million from an existing Optima-sponsored venture.”

Read the full feature at MutliHousing News.

Visit Optima Sonoran Village for more details.

“Move-ins for the first residents of Scottsdale’s high-rise Optima Kierland from architect David Hovey, Jr. are scheduled for early 2018, while completion of all residences is set for August 2018. Those gearing up to move into the 12-story tower have the option of a whopping 20 floor plans with one- to five-bedroom and penthouse options. The total of 220 residences range from 720 to 4,550 square feet. Resortlike amenities like a fitness center, indoor basketball and squash courts, a golf simulator and concierge service make every day at Optima Kierland feel like vacation mode. For some fun in the sun, more than five acres of green space offer water features, sun decks, a pet park and barbecue areas. optima-kierland.com.”

“There is wholehearted enthusiasm in her voice as Evelyn Arroyo speaks of moving into her new home at Optima Kierland, the soaring 12-story tower at 7120 East Kierland, in north Scottsdale, which has just begun welcoming its new residents. Phase 1 includes the condominium tower as well as the already occupied 10-story boutique leasing tower.”

Read the full feature at AZCentral.

Visit 7120 Optima Kierland for more details.

“Optima Kierland also received five SAMM Awards including Best of Sales for the category of Attached, Large Urban Community, Best Website and Best Digital Ad Campaign.”

“At Optima Kierland, a luxury condominium community in North Scottsdale which is set to be completed this month, residents can enjoy 5.5 acres of lush landscaping, including courtyards, a sun-deck and a dog park. “We offer a unique vertical landscape design system that features hanging vines, indigenous plants and other vegetation that grow upward on the terraces to not only offer privacy but [also to] provide shade from the sun and create cooler temperatures,” said David Hovey Jr., president of Optima. “Although we are in an urban setting, we value the importance of usable outdoor space.” he high-rise condominium project features underground parking to allow more room for tranquil desert landscaping, including a protected public pedestrian walkway at the surface level. “We feel this design is similar to a community park which is a nice benefit not only for our residents but [also for] the surrounding neighbors who can also appreciate the space,” Hovey said.”