Plans are underway for the development of a $1 billion residential project in Scottsdale, Arizona dubbed the Optima McDowell Mountain Village. Recently, the developer, Optima, received approval from the city to commence construction on the new residential community. The construction will take place at a 22-acre location on Scottsdale Road and Loop 101 Freeway.
Optima purchased the 22 acre property for its Optima McDowell Mountain Village from John Lund at $44.7 million. The property is at an convenient location, which is only a five minutes drive to Scottsdale Quarter and Kierland Commons. Additionally, the nearby Loop 101 Freeway also offers rapid access to all of Scottsdale and other areas beyond. Therefore, the daily commute times will be reduced for future residents planning to visit Scottsdale’s most popular entertainment and dining destinations.
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