Arizona Projects 05-29-20

Optima, and joint venture partner, Principal Real Estate Investors, announced that a new luxury apartment tower, 7140 Optima Kierland, is coming soon to Optima Kierland Center in North Scottsdale. Construction on the 12-story tower is well underway with the building topped off, windows in and power on. First move-ins are slated for August. 

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New Arizona highrise takes sustainable luxury to another level

This 12-story residential tower doesn’t just boast an impressive luxury highrise condominium design, but also an award-winning green building design. The luxurious 7180 Optima Kierland is located in one of North Scottsdale’s most desirable areas, with lavish amenities throughout and a vertical landscape system with self-containing irrigation. The building debuted a new green design created by David Hovey Jr., Optima’s president and head architect. The architectural firm has already earned a reputation for its unique buildings that marry design with innovation and sustainability.

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Local Luxury Condo Tower among the Top Two Fastest-Selling on the West Coast

Sales at 7180 Optima Kierland, the newest tower within the $500 million Optima Kierland development from leading multifamily developer Optima, reached 85% last month as it averages 4.5 sales per month since January 2020, making it among the top two fastest-selling luxury condominium developments on the West Coast. That average is approximately five times greater than the rest of the market, where a typical new condominium development averages only 0.89 sales per month.

“Of the eight West Coast condo markets we track, Phoenix has proven to be the most resilient in the wake of COVID-19 and 7180 Optima Kierland stands out as the fastest-selling condominium community in the state of Arizona,” says Paul Zeger, partner of Polaris Pacific, a leading sales and marketing brokerage that tracks condominium market trends. “Compared to other urban cores such as Los Angeles and San Francisco, the Phoenix-metro market stayed more active during the months of the pandemic. Therefore, the area’s growth can be seen more like a continuation of pre-COVID trends rather than merely a rebound from depressed spring and summer sales volumes that many other West Coast cities had to overcome.”

With only 32 residences remaining for sale priced from the $500,000s to more than $2 million, 7180 Optima Kierland is comprised of 202 one-, two- and three-bedroom homes, plus a collection of premium penthouses perched atop the highest floor that will be unveiled in March 2021.

The biggest draw for buyers has been the array of lavish amenities, both on the rooftop and the ground level. Set atop the 12th floor is the spectacular Sky Deck, which was designed with a negative-edge view, with the railings lowered just beyond the sightline, so the eye goes straight to the vistas beyond and gives the sensation of floating above the city. Among the development’s other amenities for fitness, relaxation and entertainment, its Sky Deck offers residents Arizona’s first residential rooftop running track.

Among the building’s most unmistakable features is it’s next-generation vertical landscape system, with self-containing irrigation and drainage that enables a palette of vibrantly colored plants at the edge of each floor to grow both up and over the building. 7180 Optima Kierland displays the next evolution of Optima’s award-winning, green-building design created by David Hovey Jr., AIA, president and principal architect of Optima.   

Did you Know: Optima is known for cutting-edge, residential buildings that have been nationally and internationally recognized with more than 75 prestigious awards for the company’s commitment to design, innovation and sustainability.

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Scottsdale Luxury Condo Tower Sells Out Quickly; Construction Begins on Next Tower

SCOTTSDALE, AZ — The latest tower within Optima’s $500 million Optima Kierland development in Scottsdale has completely sold out at a record pace — and construction is underway on the next project.

The 205-unit luxury condo tower at 7180 Optima Kierland is now among the fastest-selling condominium towers in the country, said David Hovey Jr., president, COO and principal architect of Scottsdale-based Optima.

Sales of the 205-unit condominium tower began in January 2019, with the last one selling this month, he said.


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Optima Kierland announces new luxury apartment tower

Real estate development firm Optima and joint venture partner Principal Real Estate Investors recently announced a new luxury apartment tower, 7140 Optima Kierland, is coming soon to Optima Kierland Center in north Scottsdale.

The apartment tower 7140 Optima Kierland is the second within Optima Kierland Apartments, the rental community at Optima Kierland Center. The development also has two condominium towers. Construction on the 12-story tower is underway with the building topped off, windows in and power on. First move-ins are slated for August, according to a press release.

Registration is open for the VIP Waitlist, which is set to launch in mid-June. Optima will offer both in-person appointments as well as virtual leasing opportunities, allowing prospective residents to secure an apartment in the new tower.

The first apartment tower, 7160 Optima Kierland, had 134 move-ins occurring within its first three months of opening in May of 2017. The community has remained over 95% occupied since opening.

“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,” David Hovey Jr., president and principal architect of Optima, said in a prepared statement.

“We look forward to offering the community another chance to live at Optima Kierland, featuring a distinct combination of space, style and design.”

The tower 7140 Optima Kierland will have 213 one-, two- and three-bedroom homes priced from $2,160, ranging from approximately 737-2,225 square feet.

Residents can select two different finish packages, each featuring luxury plank flooring throughout, solar shades, floor-to-ceiling glass walls and abundant natural light. Each home also will include an expansive outdoor terrace designed for indoor-and-outdoor living.

Residents can access to Optimized Service, an in-home concierge program which Optima’s on-site team provides, offering complimentary services within each resident’s home, available all week.

These services include dry cleaning pickup and delivery straight to the closet, in-home plant watering and package delivery inside the home within 24 hours of being delivered to the community.

Residents can also have a virtual concierge service that provides assistance with booking reservations, appointments, coordinating travel and other similar tasks, as well as all the conveniences provided by the latest in smart home technology, automating several of their home features.

The tower also boasts its own set of private amenities exclusive to residents, including a rooftop Skydeck that features a rooftop pool, lounge and running track, an outdoor spa complete with a steam room, sauna and hydrotherapy, a fitness center and a cool plunge and hot spa.

Additional amenities include a full-court indoor basketball court, co-working spaces, a dog park and pet spa, an electronic gaming room and a golf simulator, outdoor spaces with barbeques and fire pits, event and party spaces with retractable glass walls, an outdoor bar, lounge and kitchen and an indoor theatre and game room.

“Principal Real Estate Investors is proud to be involved with the Optima Kierland Apartments as the joint venture partner on the second tower of the development,” Kevin Anderegg, managing director of Principal Real Estate Investors, said in a prepared statement.

“We saw great success with the 7160 Optima Kierland tower and believe there is increased demand for highly amenitized, urban living in The Valley. We look forward to its continued success.”

Read the full feature on Scottsdale Independent

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Some 2020 Trends May Just Last

Home builders learned long ago to bring the outdoors in, and now apartment developers are doing the same. “With more people spending time at home, it’s important to thoughtfully create a variety of spaces that allow residents to find inspiration in their natural surroundings and recharge,” says architect David Hovey, president of Optima Inc.

Optima Inc. has long made biophilic design a hallmark of its work, but it’s going greener still with three new projects. In the Chicago area, for example, Optima Lakeview will feature a distinctive landscaped interior atrium that will run through the building’s seven-story core and bring light into both the residential and retail areas of the building.

In Scottsdale, Ariz., Optima Kierland offers a dramatic vertical landscaping system that can be seen from every one of the 363 rental units and 433 condo apartments. And for the recently announced rental project in downtown Wilmette, Ill., Optima will import the landscaping model it is creating in Arizona, including hand-selected plants that will stay green year-round.

“Because we serve as both architect and developer on our projects,” says Hovey, “it makes it easier to prioritize these green spaces, which not only improve the air quality for our residents, but also those living near our buildings, as vertical gardens filter pollutants and carbon dioxide out of the air.”

Read the full feature on Multi-Housing News

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Second Optima Apartment Development Set to Deliver in Scottsdale

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.”

See the full feature on Connect Media

For more details visit Optima Kierland Apartments

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