Scottsdale-based Optima is partnering with New York-based Mitsui Fudosan America Inc. to develop its first residential project at Optima McDowell Mountain Village, a $1 billion luxury community on the southeast corner of Scottsdale Road and Loop 101 in north Scottsdale.

Ground has been broken for the first 210-unit building at the southwest corner of the 22-acre property. The entire project will include six 8-story apartment and condominium buildings for a total of 1,330 luxury residences and 36,000 square feet of commercial and retail space.

A rendering of Optima McDowell Mountain Village in north Scottsdale.

OPTIMA

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). The project boasts 75% open space that will be a combination of artificial turf, xeriscape landscaping and native plants. It also will include the largest private rainwater harvesting system in the United States. The vertical landscaping system, with its self-containing irrigation and drainage, enables plants at the edge of each floor to grow both up and over the edge of the building.

Mitsui Fudosan America is a subsidiary of Japan’s largest real estate company, Mitsui Fudosan Co. Ltd., a publicly traded company with approximately $70 billion in assets.