PHOENIX — Sales have begun at the first luxury condo tower owned by Optima McDowell Mountain in Scottsdale, a press release announced on May 14.
The condo complex valued at $1 billion revealed 196 residential units that range from $600,000 to close to $1.4 million for prospective buyers. The individual units, which come in one-, two- or three-bedroom segments, are as small as 728 square feet and as large as 2,204 square feet.
More than 60% of early condo reservations have been for “custom combination homes,” a purchase of two to three adjacent units, according to the release.
Optima McDowell Mountain is located at Scottsdale Road and the Pima Loop 101 Freeway on 22 acres of land which will eventually contain six towers (all eight stories high). Its expected completion date is summer 2027.
Of the property, 1.5 acres of each tower will be dedicated to “resort-caliber amenities” including an Olympic-length pool, a track, an outdoor spa, a sauna, multiple firepits, a fitness center and more.
Within the roughly 16 acres of open space in between the six towers will be 36,000 square feet of restaurants and retail shops. The inner-circle space is designed to be an “oasis.”
David Hovey, president of Optima, said it’s the first time in four years the company has offered “for-sale residences” in the Grand Canyon State.
“We’re bringing everything we’ve learned over the past four decades into this new community,” Hovey said in the release. “Optima McDowell Mountain reflects our ongoing commitment to thoughtful design and quality living, and it represents the next chapter in our legacy.”
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