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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Scottsdale-based Optima surpassed 55% sold at 7180 Optima Kierland and recently introduced an exclusive, highly curated collection of nine premium penthouses for sale.

As the newest and most elevated high-rise condominium tower at the $500 million Optima Kierland Center, 7180 Optima Kierland, has sold 113 homes since sales began in January 2019. The community leads the Phoenix-metro market for sales velocity when compared to other new condominium developments across the Valley, according to a December 2019 market study by Polaris Pacific.

Amid the sales success, Optima is launching the McDowell Mountain Collection, which includes a limited selection of luxury penthouses prices from $1.1 million. Perched at the pinnacle of the 12-story tower, these penthouses offer unsurpassed views of the McDowell Mountains through the sweeping floor-to-ceiling glass walls, allowing for the ultimate indoor-and-outdoor living experience.

Buyers have the option of choosing from nine homes with three distinct two-to-three-bedroom floor plans ranging from approximately 1,461 to 1,509 square feet.

Poised among the most luxurious penthouses in Arizona, each McDowell Mountain Collection home features an expansive private terrace adorned with lush, hanging greenery and upgraded finishes that can be selected by the buyer.

“With such strong buyer interest in the community, we knew we wanted to offer a collection of homes featuring a distinctive combination of space, design and amenities,” says Optima President and Principal Architect David Hovey Jr., AIA.

Inspired by the surrounding McDowell Mountains, these penthouse homes feature a selection of finishes designed to highlight the desert setting.

“We aim to set the bar for penthouse living here in Arizona.”

One of the strongest draws for buyers at 7180 Optima Kierland has been the array of amenities, including a rooftop Skydeck with Arizona’s first residential rooftop running track, a heated lap pool, a full outdoor bar and kitchen with entertaining spaces, indoor and outdoor theaters, a 16,000-square-foot fitness center, a basketball/pickleball and squash courts.

A joint venture partnership between Optima and Principal Real Estate Investors is developing 7140 Optima Kierland, a multifamily property located within Optima Kierland Center in North Scottsdale.

As the second residential tower within Optima Kierland Center, the 12-story building will feature 213 apartments in a mix of one-, two- and three-bedroom layouts ranging in size from 737 square feet to 2,225 square feet. Units will feature plank flooring, solar shades, floor-to-ceiling glass walls and an outdoor terrace. Residential amenities will include a rooftop pool, lounge and running track; outdoor spa with a steam room, sauna and hydrotherapy; fitness center; cool plunge and hot spa; full-court indoor basketball court; co-working spaces; dog park and pet spa; electronic gaming room; and golf simulator.

Additional amenities will include 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.

Construction of the new tower is well underway, with first move-ins scheduled for August.

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Nearly 40 Percent Leased Pre-Opening, 7140 Optima Kierland Now Welcoming Immediate Move-Ins With Leasing Gallery and Model Residences Available for Tours

Hundreds of people tuned in Thursday night as AZRE magazine’s 2021 Real Estate Development (RED) Awards were held virtually on the Hopin platform.

“The Real Estate Development Awards — the RED Awards — are the Academy Awards of commercial real estate,” said Michael Gossie, editor in chief of AZ Big Media, which published AZRE. “This year, the only different between the finalists for the RED Awards and the finalists for the Academy Awards is that this year’s RED Awards finalists didn’t show up on Netflix first.”

Multifamily project of the year

7180 Optima Kierland 

Developer: Optima, Inc.

General contractor: Optima, Inc.

Architect: Optima, Inc.

View the full list at AZ Big Media

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