Leading multifamily developer Optima announced this week that the newest tower within its $500 million Optima Kierland development, 7180 Optima Kierland, is now 85 percent sold as it averages 4.5 sales per month, making it among the top two fastest-selling luxury condominium developments on the West Coast.
“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,” said 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 $500Ks to over $2 million, 7180 Optima Kierland is comprised of 202 thoughtfully designed, one-, two- and three-bedroom homes, plus a collection of premium penthouses perched atop the highest floor that will be unveiled in March 2021.
Read the full feature at Commercial Executive Magazine
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