Optima McDowell Mountain Village Archives - Page 3 of 8

Optima Moves Ahead With $1B Arizona Development

Chicago-based Optima will break ground on an Arizona residential community, the $1 billion Optima McDowell Mountain Village, in North Scottsdale, Ariz., later this year. It has received all city approvals for the 22-acre sustainable mixed-use development.

The project will consist of six eight-story buildings with approximately 1,300 residential units in addition to 36,000 square feet of commercial space. Four of the buildings will be rental apartments and two will offer for-sale condominiums.

Optima, a privately held development firm with offices in Arizona and Illinois, has several Arizona projects, including Optima Biltmore Towers, Optima Camelview Village, Optima Sonoran Village and Optima Kierland.

Cushman & Wakefield advised the development firm in the acquisition of the site on the southeast corner of Scottsdale Road and the Loop 101 Freeway. Optima acquired the land, where three car dealerships had initially been proposed, from John Lund for some $44.8 million.

Managing Director Don Arones with Cushman & Wakefield in Phoenix represented the buyer and Marty De Rito of De Rito Partners, Inc., represented the seller.

Arones said in prepared remarks the project will provide needed upscale housing to the employers in the growing Scottsdale area and surrounding communities. The strategic location along the freeway makes the property convenient for residents to access from any destination, he said.

Sustainable Highlights

Construction on Optima McDowell Mountain Village, described as Optima’s most sustainable project to date, is slated to begin either this spring or summer. David Hovey Jr., Optima’s president, COO and principal architect, said in a prepared statement the company is excited about the location as it is nearby the McDowell Mountains, Loop 101 freeway and major employment opportunities.

The project will architecturally feature more than 75 percent open space with six buildings surrounding a central sheltered courtyard comprised of xeriscape, drip irrigation and artificial turf. The asset will have the largest private rainwater harvesting system in the United States as well as the next evolution of Optima’s vertical landscaping system and active roof decks, Hovey said in prepared remarks. Hovey and his father, David C. Hovey, Optima co-founder and co-CEO, designed the Optima McDowell Mountain Village.

The community will be the first in Arizona to be built under both the new International Energy Conservation Code and International Green Construction Code. Other sustainable features will include high-performance mechanical systems, solar panels, underground parking to mitigate the heat-island effect and Optima’s signature vertical landscape system.

More Project Details

The unit mix will consist of studio, one-, two- and three-bedroom homes ranging from 775 square feet to 2,025 square feet. Each building will have its own resort-style amenities including a rooftop deck with a 50-meter Olympic-length swimming pool; sauna, spa and cold plunge; running track that will follow the perimeter of the roof; outdoor fireplaces; lounge seating; outdoor kitchens with barbecues and dining spaces with sheltering arbors.

Ground-floor level of each building will have lobbies; a fitness center and yoga studio overlooking the courtyard; a sauna and steam room; a residents’ club with game room and theater; an indoor basketball and pickleball court and outdoor pickleball arena; golf simulator; outdoor putting and chipping area; children’s play spaces; massage room; business center and conference room; and a pet spa and dog park.

The development will have a bicycle and pedestrian path around the perimeter that will connect to those in the City of Scottsdale Bicycle Master Plan.

In addition to being adjacent to the freeway, the community will be near the SR-51 and Interstate 71. Optima has agreed to develop a new roundabout on Mayo Boulevard.

Residents will be a five-minute drive to the shopping, dining and entertainment offerings in Scottsdale Quarter and Kierland Commons. The location is less than 25 minutes from Downtown Phoenix, Glendale, Old Town Scottsdale, Tempe, Mesa and Phoenix Sky Harbor Airport.

Scottsdale DRB OKs Optima McDowell Mountain Village

The Scottsdale Development Review Board voted 6-0 earlier this month to approve the exterior aesthetics for Optima McDowell Mountain Village, a multiphase, 22-acre residential and retail site near Scottsdale Road and Mayo Blvd.

Plans call for 36KSF of retail and 1,300 apartments and condominiums ranging from 775SF up to 2,025SF.

The project has a 10-year estimated timeline and will be built in three phases. Building heights will be a mix of six- and eight-story structures with ground-floor amenities and rooftop swimming pools and running tracks.

All the infrastructure to support the project will take place in the first phase of construction, and the City of Scottsdale will undertake creating a road from the east of the project to Hayden Blvd. as a separate project.

The total development cost for Optima McDowell Mountain Village has been estimated at $1B. (Source)

Construction Begins on Optima McDowell Mountain Village in North Scottsdale

Award-winning real estate development firm, Optima is partnering with Mitsui Fudosan America, Inc. for the development of the first building within its newest Arizona residential development, Optima McDowell Mountain Village, located on 22-acres on the southeast corner of Scottsdale Road and the Loop 101 Freeway in North Scottsdale.

The first building will consist of 210 rental residences, which just broke ground this month and is located on the southwest corner of the site. The overall development will comprise six, eight-story apartment and condominium buildings that will include 1,330 luxury residences and 36,000 square feet of commercial and retail space.

Designed by David Hovey Sr., FAIA, and David Hovey Jr., AIA, each of the six buildings will feature the sophisticated architectural detail that characterizes Optima’s Arizona projects and will contain its own resort-style amenity offering which will include a rooftop sky deck with a 50-meter Olympic-length swimming pool; a sauna, spa, and cold plunge; a running track that will follow the perimeter of the roof; outdoor fire pits; lounge seating; outdoor kitchens with barbecues and dining spaces and sheltering arbors covered with vines. Every rooftop will offer spectacular views of the McDowell Mountains to the east, vibrant sunsets to the west, Pinnacle Peak to the north and Camelback Mountain to the south.

The ground-floor level of each building will be similarly outfitted with spacious, well-appointed lobbies; a fitness center and yoga studio that look out over the lushly landscaped courtyard; a sauna and steam room; a residents’ club with game room and theater; an indoor basketball and pickleball court; an outdoor pickleball arena; a golf simulator; an outdoor putting/chipping area; indoor and outdoor kids’ play spaces; a massage room; a dog park and pet spa; and a business center and conference room.

Optima McDowell Mountain Village™ will provide an unprecedented 75% open space area at grade level with a grand central courtyard as well as feature a bicycle and pedestrian path around the entire perimeter of the master planned development that will connect to the project’s 36,000 square feet of destination retail as well as the bicycle and multi-use paths of the City of Scottsdale Bicycle Master Plan.

“We are very excited to begin this partnership with an organization of the caliber of Mitsui Fudosan America that shares our commitment to exceptional design, the highest quality construction, resident-centric property management, and the creation of sustainable neighborhoods,” says David Hovey Jr., AIA, President & COO of Optima®, Inc.

The community will be the first project in Arizona to be built under both the new International Energy Conservation Code (IECC) and International Green Construction Code (IgCC). A few highlights of the sustainable features include 75% open space that will be a combination of artificial turf, xeriscape landscaping and native plants; high-performance mechanical systems, and solar panels; 100% underground parking to mitigate the heat-island effect, Optima’s signature vertical landscape system, and the largest private rainwater harvesting system in the United States. The vertical landscaping system, with its self-containing irrigation and drainage, enables a palette of vibrantly colored plants at the edge of each floor to grow both up and over the edge of the building. The integration of enhancements to the vertical landscape and architectural shading systems protects homes from the sun and creates additional privacy, while filtering the air and lowering ambient temperature.

With views of the majestic McDowell Mountain range as the backdrop, the location is just a five-minute drive to the shopping, dining and entertainment destinations of Scottsdale Quarter and Kierland Commons. Being adjacent to the Loop 101 Freeway and just two minutes from the SR-51 Highway and ten minutes away from the I-17 Highway will enable residents to be just 15-25 minutes from Downtown Phoenix, Glendale, Old Town Scottsdale, Tempe, Mesa, and Phoenix Sky Harbor Airport.

Now in its 46th year, Optima® continues to grow in the Greater Phoenix market. Having previously opened Arizona luxury condominium and apartment developments, including Optima Biltmore Towers®, Optima Camelview Village®, Optima Sonoran Village®, and Optima Kierland Center®.

“As is evidenced by our investment in our Optima McDowell Mountain Village™ project, Optima® signifies our long-term commitment to ongoing investment in the growing Scottsdale and Arizona markets,” adds Hovey Jr.

Read more on Orion Investment Real Estate

Visit Optima McDowell Mountain for more details

Optima Launches Sales for Tower I at McDowell Mountain Community

Optima has officially launched sales for the first luxury condominium tower at Optima McDowell Mountain. This $1 billion master-planned community in North Scottsdale is already attracting strong interest, with nearly $27 million in early reservations secured prior to the public sales release.

The development marks Optima’s return to the Arizona for-sale market for the first time in four years. Its new project blends cutting-edge architectural design, sustainability innovations, and a lifestyle-forward amenity experience. The first tower, named 7230, will offer 196 residences ranging from 728 to 2,204 square feet.

The homes will feature one-, two-, and three-bedroom layouts with signature elements such as floor-to-ceiling glass walls, lush private terraces, designer kitchens, and integrated smart-home technology. Prices are estimated to begin in the $600,000s for one-bedroom units, the $900,000s for two-bedroom units, and around $1.4 million for three-bedroom residences.

Optima McDowell Mountain will encompass six eight-story towers set across a 22-acre site at the southeast corner of Scottsdale Road and Loop 101. The community will include a mix of condominiums and rental apartments and approximately 36,000 square feet of retail and restaurant space. The project is designed to integrate with its natural surroundings and emphasizes green space, walkability, and ecological harmony.

“This is a significant milestone for Optima,” President David Hovey Jr., AIA, said. “It’s the first time in four years we’ve introduced for-sale residences in Arizona, and we’re bringing everything we’ve learned into this new community. Optima McDowell Mountain reflects our ongoing commitment to thoughtful design and quality living, and it represents the next chapter in our legacy.”

Atop 7230, a rooftop Sky Deck will offer panoramic views of the McDowell Mountains and feature an Olympic-length heated lap pool, a running track, a cold plunge, a spa, a sauna, firepits, yoga studios, outdoor kitchens, shaded lounge areas, and entertainment zones.

Ground-level amenities will elevate the living experience with a high-tech fitness center, Pilates and group training spaces, indoor/outdoor workout areas, a basketball/pickleball court, massage room, golf simulator, bocce court, movie theater, chef’s kitchen for private events, and dedicated children’s play zones. Additional features include a business center, pet spa, and outdoor relaxation areas.

Environmental sustainability is a cornerstone of development. Optima McDowell Mountain will be home to the largest private rainwater harvesting system in the United States. This underground system will collect and store up to 210,000 gallons of rainwater to irrigate the site, significantly reducing water consumption.

Additional features include self-irrigating vertical landscaping that provides natural insulation and air purification, rooftop solar panels, underground parking to reduce surface heat, high-efficiency variable refrigerant flow HVAC systems, induction cooktops in all homes, and EV charging stations available to both residents and guests.

With sales for the first condominium tower now underway, completion is expected in summer 2027. Interested parties can learn more by visiting OptimaMcDowellMountain.com.

$1 billion Optima McDowell Mountain luxury community welcomes first residents

The Optima McDowell Mountain community is setting the bar for luxury with its blend of amenities and its strategic location, tapping into the area’s rapid growth and development.

Read more on Phoenix Business Journal

Visit Optima McDowell Mountain for more details

New $1 Billion Optima McDowell Mountain Village Residential Project in Scottsdale

Read the article on Arizona Contractor & Community

Visit Optima McDowell Mountain Village for more details

‘Through-the-roof’ $1B project approved

For potential residents, this project is literally through the roof – with rooftop shade trees, running tracks, swimming pools and stunning views of the surrounding mountains.

But on the checklist of things current Scottsdale residents go through the roof in anger over, this billion-dollar project hits them all.

Desert land being developed? Check.

More apartments? Check.

More traffic? Check.

Roundabout? Check.

On May 4, the Development Review Board unanimously approved Optima McDowell Mountain Village, which plans 10- story buildings housing 1,330 luxury apartment and condo units on North Scottsdale Road.

The desert land to be developed spans from Mayo Boulevard to the Loop 101.

Scottsdale City Council narrowly approved the development in November.

The mammoth Optima project, projected to cost $1 billion to build, was opposed by council members Kathy Littlefield, Betty Janik and Solange Whitehead.

“Residents told us loud and clear to anyone who was listening in the last election that they wanted to slow down the development in Scottsdale,” Littlefield said at the November meeting.

“It seems to me all we’ve done now is try and find the ways to manage to grow more and grow higher. Higher, denser, bigger is not what our citizens voted for.”

But Mayor David Ortega and council members Tammy Caputi, Tom Durham and Linda Milhaven approved the high-end complex.

Littlefield raised concerns about water use.

“I am concerned about a couple of things with this,” Littlefield said. “We’ve been going around telling our neighbors and telling our citizens, ‘Cut back on water, cut back on water, don’t water your lawn, don’t do this, don’t do that.’”

But an Optima representative sold the Development Review Board that the development will be extremely “green.”

“This will be our most sustainable project to date,” Optima’s David Hovey Jr. promised.

“Optima McDowell Mountain Village (units) will use approximately one-quarter the amount of water of a single-family home.”

Last year, Optima transferred 2,750 acre feet of water to the city “to make the project water neutral.”

Hovey Jr. said that would provide anywhere from 11 to 32 years of demand by the new project.

Optima says it will have a 210,000 gallon rainwater harvesting storage tank – which the developer claims will be the largest private rainwater harvesting system in the United States.

Optima has a similar development at Kierland Commons.

“Other site enhancements include a new sidewalk and path system along both street frontages, a roundabout located at Mayo and North 73rd Place and a transit stop along North Scottsdale Road,” according to the plan submitted by Optima.

According to the presentation, the 20-acre development in the Greater Airport Area “has evolved as the result of 11 iterations with the mayor, city council, the city’s planning and building departments and neighborhood outreach.”

“We had over 300 letters of support and only six letters in opposition,” he stressed.

In addition to adding a bus stop, the project will have a bike path “around the entire development.”

The project’s six buildings will be built in three phases, according to Hovey Jr..

He said 25% of commercial space was added “at the request of the mayor.”

“Traffic will be on average 1% to 1.8% more daily traffic than if the project was not present,” he said.

The rooftops of the buildings are particularly stunning, featuring shade trees, running tracks – and swimming pools.

Riehl referred to a $15.6 million “height buy up that can be used at the mayor and city council’s discretion.”

According to a website marketing the project, “Consisting of approximately 970 apartments and approximately 420 luxury condos for sale is Optima McDowell Mountain Village.

“The $1 billion development features a 22-acre location … subterranean parking, an underground trash system, and approximately 36,000 square feet of world-class commercial space.”

Plans show dozens of shade trees and large, open green space, including a putting green; Optima says artificial turf will drastically reduce water use.

If they were giving out grades, the Design Review Board would give this one an A+.

“This is a fantastic project for Scottsdale,” said William Scarbrough, a board member.

“I think it’s very stunning and beautiful,” fellow board member Michal Ann Joyner added. “I think North Scottsdale’s going to be very happy to have this project.”

Ali Fakih praised the “out of the box thinking” of the project.

Even Janik, who voted against the project in November, voted for it in her role with the Development Review Board.

“You have set the stage for Scottsdale development,” Janik told Optima.

Construction begins on Optima McDowell Mountain Village in North Scottsdale

Optima Launches Sales for First Tower at $1B North Scottsdale Community

Optima, an internationally acclaimed architecture and real estate development firm, announced today the launch of sales for the first luxury condominium tower at Optima McDowell Mountain—a $1 billion, design-forward community in North Scottsdale that has already secured close to $27 million in early reservations ahead of its public release.

Optima McDowell Mountain represents the latest evolution of architectural design, sustainability initiatives and a lifestyle-forward amenity experience. The debut condominium tower, 7230, will feature 196 thoughtfully designed residences ranging from 728 to 2,204 square feet, with one-, two- and three-bedroom floorplans, showcasing signature elements such as floor-to-ceiling glass, lushly landscaped private terraces, designer kitchens and integrated smart-home technology. Prices are estimated to start in the $600,000s for one-bedrooms, the $900,000s for two-bedrooms and the $1.4 million range for three-bedrooms.

Buyers can also customize their homes, with options to combine units and personalize layouts and finishes. Already, more than 60% of early reservations are for custom combination homes, where individuals purchase two to three units to create expansive, bespoke residences, underscoring the appetite for highly tailored living at Optima McDowell Mountain.

Located on a 22-acre site at the southeast corner of Scottsdale Road and Loop 101, Optima McDowell Mountain will include six eight-story towers, home to a mix of condominiums, apartments and 36,000 square feet of retail and restaurant space. The development is designed to live in harmony with its surroundings.

“This is a significant milestone for Optima,” said David Hovey Jr., AIA, president of Optima. “It’s the first time in four years we’ve introduced for-sale residences in Arizona, and we’re bringing everything we’ve learned over the past four decades into this new community. Optima McDowell Mountain reflects our ongoing commitment to thoughtful design and quality living, and it represents the next chapter in our legacy.”

Setting a new benchmark for luxury living, each residential building will be anchored by approximately 1.5 acres of resort-caliber amenities. At the rooftop level of 7230, a dramatic Sky Deck unfolds with panoramic McDowell Mountain views, an Olympic-length heated lap pool, a perimeter running track, outdoor spa, cold plunge, sauna, firepits, lounge areas, outdoor kitchens, indoor and outdoor yoga studios and entertainment zones with TVs, shaded arbors and lush foliage. Ground-level amenities will include a state-of-the-art fitness center with indoor and outdoor training areas; Pilates studio, group fitness space and locker rooms; sauna, massage room and spa lounge; indoor pickleball/basketball court; two outdoor pickleball courts and bocce court; indoor golf simulator, sports lounge and outdoor chipping and putting area; business center with conference and huddle rooms; movie theater and a chef’s kitchen-equipped party room; indoor and outdoor children’s play areas; pet park and pet spa; and outdoor lounge with a spa and cold plunge.

With approximately 16 acres dedicated to open space, representing nearly 75% of the property, Optima McDowell Mountain is designed to feel like an oasis—vibrant, walkable and deeply connected to the natural landscape. A 10-acre central park serves as the heart of the community, surrounded by pedestrian paths and biking trails that link to Scottsdale’s trail systems and Bicycle Master Plan. Residents will enjoy the tranquility of the desert while staying connected to North Scottsdale’s premier dining, entertainment and shopping destinations just minutes away.

Optima McDowell Mountain also pioneers an innovative model for environmentally conscious development. The community will feature the largest private rainwater harvesting system in the U.S., designed to reduce overall water use, with an underground vault that can store up to 210,000 gallons of rainwater for on-site irrigation. The project is also the first in Scottsdale to be built under the newly adopted International Energy Conservation Code (IECC) and International Green Construction Code (IgCC).

Other sustainability features include solar panels, self-irrigating vertical landscaping for natural insulation and air purification, 100% underground parking to reduce surface heat retention, high-efficiency VRF heating/cooling systems, induction cooktops in the residences and EV charging in the parking garage for both residents and guests.

The Optima McDowell Mountain Sales Gallery is now open by appointment only, inviting prospective buyers to experience firsthand the innovative architecture, sophisticated design and exceptional lifestyle that define this premier community. With residences in the first condominium tower now selling, completion is anticipated in summer 2027.

No Place Like Home: Optima McDowell Mountain Village

Optima McDowell Mountain Village, Optima’s newest residential and commercial proposal, is composed of six 11-story buildings with 1,500 apartments and condominiums, as well as 31,000 SF of commercial space. This community, located in a vacant lot on the south side of Loop 101 and near Mayo Avenue, Scottsdale Road, and Scottsdale Airpark, will enhance Scottsdale and stimulate healthy, sustainable growth.

“Optima McDowell Mountain Village provides a live, work, play environment that will appeal to a wide range of buyers and renters drawn to the architecture, open space, active lifestyle, sustainable design, health-based, amenity-rich community service offerings as well as its premier Scottsdale location,” Hovey says.

Read the full article on Images Arizona

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Community: Optima McDowell Mountain Village